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Articles tagged “news blog”

News Blog

Hyatt Hit With Class Action Suit Over Hotel ‘Junk Fees’ Despite Changing Policy

Travelers United's choice to sue Hyatt over its "junk fee" practices fits into a broader storyline about travel junk fees being in the limelight ever since President Joe Biden referred to travel fees in his 2023 State of the Union address. Travelers United filed the case in Washington, D.C., whose laws require transparent upfront pricing.…

Sean O'Neill | 4 months ago

News Blog

Extended-Stay Tops Other Hotel Types for U.S. Pipeline Growth in Second Quarter

U.S. hotel developers have more projects for extended-stay properties than any other type of hotel, whether measured by number of projects or room count, according to new data. In the second quarter, developers expanded their pipeline of extended-stay projects by 18% year-over-year to 2,083, said Lodging Econometrics, which collects and studies hotel development. The extended-stay…

Sean O'Neill | 4 months ago
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News Blog

Accor Names Gilda Perez-Alvarado as Group Chief Strategy Officer

Accor said on Monday that it had named Gilda Perez-Alvarado as its group chief strategy officer in charge of overseeing global strategy, relations with hotel owners, and strategic partnerships. Since 2004, Perez-Alvarado has been at the hotel brokerage firm JLL Hotels & Hospitality, working her way up to become its Global CEO. She's intimately familiar…

Sean O'Neill | 4 months ago

News Blog

Hyatt to Debut Its Extended-Stay Brand in Markets It Hasn’t Tapped Yet

Hyatt gave details on Wednesday about the first locations for Hyatt Studios, a brand it unveiled in April. The hotel operator will open the first Hyatt Studios just outside of Mobile, Alabama, and Marysville, California — targeting spots where its other brands aren't present. "We’ve learned that when Hyatt guests stay with a competing brand, they…

Sean O'Neill | 4 months ago

News Blog

IHG to Launch Midmarket Hotel Brand Designed to Grow Quickly

IHG Hotels & Resorts revealed on Tuesday that it has been pitching hotel owners on a new brand addressing an opportunity in the middle of the market it said is underserved. "Our aim is that this new conversion brand will become the first choice for guests and owners in the midscale segment, accelerating our growth…

Sean O'Neill | 5 months ago

News Blog

Selina to Offer Shareholders Rewards at Its Hotels and Co-Working Spaces

Buying a share in a company typically involves hoping the stock price rises over time and maybe means sharing in dividends. But Selina, an upstart hospitality brand, said on Wednesday it has a new enticement for people to buy its stock — discounts and freebies at its properties. "Today, investing extends beyond the balance sheet,"…

Sean O'Neill | 5 months ago

News Blog

Certares Closes $284 Million Fund for Hospitality Real Estate

Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments. The fund is acquiring hospitality real estate assets in U.S. growth markets. It has already made investments in 10 hotels that together have more than 2,100 keys. The…

Sean O'Neill | 5 months ago

News Blog

Wyndham Signs 60 New Extended Stay Hotels in North America

Wyndham Hotels & Resorts said on Tuesday it had signed 60 more hotels for its Echo Suites Extended Stay by Wyndham brand in the U.S. and Canada. That brings the extended-stay brand’s pipeline to 265 hotels, with about 33,000 rooms. It's the fastest-growing brand in Wyndham's development pipeline. The growth is remarkable. Wyndham only formally announced the…

Sean O'Neill | 5 months ago

News Blog

Scandic Hotels Expects Strong Third Quarter With Steady Travel Demand

Scandic Hotels Group began the hotel earnings season with a financial update on Friday, voicing optimism about travel demand despite recent inflationary pressures. "We expect a strong third quarter with high demand and increasing prices," said president and CEO Jens Mathiesen on an investor call. Scandic runs 55,930 hotels in Scandinavia and other European countries…

Sean O'Neill | 6 months ago

News Blog

Choice Hotels Opens Properties at Faster Pace and Reaffirms Profit Outlook

Choice Hotels, a U.S.-based franchisor, said on Tuesday it had opened an average of more than four hotels a week in the first half of 2023 — a 39% jump year-over-year. The steady onboarding of properties was one reason it reaffirmed its profit forecast for the year despite some industry concerns about leisure demand patterns…

Sean O'Neill | 6 months ago