Human Resources

🏠 In Greenwood Village, Colorado, on April 30, 2025, CoralTree Residence Collection expanded to manage roughly 175 vacation residences at Wild Dunes Resort on Charleston's Isle of Palms. These properties encompass private homes, oceanfront condos, golf retreats, and cottages. Wild Dunes Resort offers 1,600 acres of amenities, including beach access, pools, dining outlets, golf courses, tennis courts, a spa, and more. CoralTree's portfolio surpasses 1,040 residences and 26 homeowners associations, spanning from South Carolina to Hawaii and Colorado's mountain regions. Their management emphasizes personalized experiences, homeowner care, and a homeowner and guest-centric approach.

📈 Expedia Group, on April 29, 2025, announced layoffs affecting 3% of its workforce, targeting primarily product and technology mid-level employees. This restructuring move, with no leadership changes, aims to streamline operations and maintain strategic growth. Despite the layoffs, selective hiring will continue to support long-term objectives. In 2024, Expedia experienced a 7% revenue increase and will provide more details on May 8. Core brands like Hotels.com and Vrbo are showing resilience with recent bookings growth.

🏨 Markus Lück becomes the new Managing Director of Penta Hotels, starting April 1, 2025, replacing Andrew Munt who leaves at the end of April. Munt's 15-year leadership established Penta as a recognized European lifestyle hotel brand. With over 25 years in the industry, Lück previously worked with 12.18. Hospitality Management GmbH and 7Pines Hotels & Resorts. His main focus is to enhance the Penta brand and guest experience, continuing the brand's growth and adapting to new market demands.

💻 Wei Manfredi was appointed senior vice president of AI and architecture for IHG Hotels & Resorts in Atlanta, Georgia. She will guide AI strategy and technical architecture. Her background includes experience with McDonald’s, Google Cloud, Lululemon, and Visa. IHG has recently implemented a new Revenue Management System in over 6,700 hotels and a Property Management System in 2,000 hotels, along with launching machine translation for 20+ brands and driving AI-powered automations.

📈 Jake Lynch has been promoted to senior vice president of strategic operations at Trinity Investments. With over 15 years of experience, he will manage assets like Hilton Atlanta and The Ritz-Carlton Dallas. His role includes enhancing operating performance and spearheading major repositionings. Lynch previously worked at BRE Hotels & Resorts and Starwood Hotels & Resorts. Trinity Investments, based in Miami, boasts a nearly 30-year history in global hospitality asset management.

📈 Allison Reid joins Ferguson Partners as Managing Director and Global Head of Hospitality and Leisure in New York. With 30 years of hospitality experience, she will lead the executive search and talent management in hospitality, gaming, and cruise sectors. Previously, she held leadership roles at Aimbridge Hospitality and Starwood Hotels. This move is part of Ferguson's expansion strategy in real assets. Reid is a member of the AHLA Investment Roundtable.

🏨 Yotel aims for 100 hotels worldwide by 2031. Currently, it operates 23 hotels in 16 cities and airports, planning 11 more openings in two years in Bangkok, Kuala Lumpur, Lisbon, Athens, and Belfast. Rohan Thakkar is now chief development and strategy officer, Mark Henderson is senior VP of design and construction, and Olivia Donnan is senior VP of brand, culture, and growth. CEO Phil Andreopoulos confirmed these leadership promotions to support Yotel's global expansion.

📈 David Bailey appointed as Global Commercial Director by Open Destinations to drive international growth. Previously with Discuss.io, he led EMEA and APAC sales, enhancing AI-powered solutions for brands like Unilever and Ford. At Open Destinations, Bailey will spearhead commercial strategy and revenue growth, aligning sales and marketing with business goals. CEO John Davies emphasizes Bailey's international and tech scaling expertise. Bailey aims to support customer ambitions and bolster the company's expansion efforts.