HotelNewsNow.com

06/11/2021

While the pandemic has brought on challenges for much of the industry, luxury hoteliers have found it has also presented an opportunity to reinvent in some cases and maintain focus on on-property entertainment. Click here to read more:

Ian Schrager’s Public Hotel To Reopen After Over a Year of Shutdown

05/26/2021

US hotels are preparing for a demand surge this Memorial Day weekend, and some markets could reach occupancies closer to 2019 levels. Click here to read more: https://www.costar.com/article/466277763/us-hotels-prepare-for-memorial-day-weekend-demand-surge

05/19/2021

New Virgin Hotels CEO James Bermingham is bringing his nearly two decades of experience with luxury hotel company Montage Hotels & Resorts to help grow the brand in markets such as New York, Las Vegas and New Orleans. Click here to read more:

James Bermingham Joined Company After Leading Montage's Operations

03/26/2021

The global hotel industry has a long road to recovery ahead after experiencing its worst year on record in 2020, but STR’s Robin Rossmann believes things will get back to feeling mostly normal within two years. Click here to read more:

Markets Reliant on International Demand Challenged the Most

03/23/2021

Kessler Collection executives believe many cryptocurrency investors are also the types of high-net-worth travelers their properties cater to. https://www.costar.com/article/927505617/kessler-looks-for-first-mover-advantage-with-cryptocurrencies

Use of Blockchain for Cryptocurrencies Adds Protection for Hotels, Guests

11/17/2020

We've been digging into brand standards over the past week through our brand-focused package. Click here to read the latest piece from the series on standards for new-builds and conversions: https://hotelnewsnow.com/Articles/305245/Brand-standards-flexible-for-new-builds-conversions

05/01/2020

Bill Hornbuckle said he’s been with the MGM Resorts International for 20 years and in the industry for over 40. He’s seen the effects of original MGM Grand fire in 1980, 9/11, the global financial crisis and the 2017 shooting at Mandalay Bay Resort & Casino. Click here to read more: http://hotelnewsnow.com/Articles/302538/MGM-Resorts-prepares-for-phased-reopenings

04/29/2020

There are more young professionals in the hotel industry who have yet to work through a downturn. HNN spoke with industry experts to create a guide for understanding the COVID-19 downturn, with insights on past recessions and why the impact of the current pandemic stands apart. Click here to read more: http://hotelnewsnow.com/Articles/302502/Guide-to-a-downturn-The-current-crisis-versus-history

04/08/2020

The global hotel industry is moving at different speeds in different markets during this COVID-19 era, and this will lead to problems when operations return to normal in different markets at different times, according to sources. Click here to read more: http://hotelnewsnow.com/Articles/301188/Cash-key-to-survival-as-hoteliers-search-for-new-normal

04/01/2020

As one of the first countries to be hit by the coronavirus (COVID-19) outbreak, Singapore also has been among the first markets to report a sharp downturn in occupancy. Click here to read more: http://hotelnewsnow.com/Articles/301064/Singapore-hotels-navigating-business-effects-of-virus

03/13/2020

Real estate investment trust CorePoint Lodging withheld 2020 guidance on a call Thursday to report fourth-quarter and full-year 2019 earnings as the industry is in “unprecedented times,” said President and CEO Keith Cline. Click here to read more: http://hotelnewsnow.com/Articles/300737/CorePoint-withholds-outlook-shares-2020-asset-strategy

03/12/2020

Coronavirus is having a dramatic effect on the Italian hotel industry, as government containment efforts have essentially shut down the entire country, with all public gatherings banned and most employees working from home. Click here to read more: http://hotelnewsnow.com/Articles/300720/Italys-hotels-eye-eventual-rebound-from-coronavirus