HOTELS magazine, Chicago, IL (2024)

02/20/2024

CBRE has released its latest global investment activity report. Here are all the highlights and the predictions for H2 2024.

Global commercial real estate investment volume dropped 37% YOY in Q4 2023 to $157 billion, with annual volume plunged 47% YOY.

02/20/2024

Evan Hurd, principal & managing director at RobertDouglas, analyzes how the logjam in hotel transactions could be broke. Full story:

A reasonable amount of volatility can stimulate hospitality transactions, but no one enjoyed the swift-in-succession roadblocks to dealmaking that we experienced over the past several years. First came the pandemic. Though an unprecedented event in most all our lifetimes, the experiences borne out o...

02/19/2024

Luxury assets, driven by strong fundamentals and rising yields, captured investor favor in 2023. Read more in this piece by Stephany Chen, executive vice president, global hotel desk at JLL's Hotels & Hospitality Group:

Despite the challenges broader capital markets experienced in 2023, the global lodging industry demonstrated resilience as revenue per available room soared, surpassing pre-pandemic levels by 12%. According to Capgemini’s World Wealth Report, the number of high-net-worth individuals (HNWIs), defin...

02/16/2024

What makes a hotel bar the best? The ambiance? The décor? The drinks? Whatever the reason might be, we want to know. Submit your nominations for our soon-to-come Top 10 Hotel Bars

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/15/2024

They say shared joy is a double joy, so it's time to share your favorite hotel bars! Submit your favorite hotel bar you’ve imbibed in. Bottoms up!

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/13/2024

HOTELS Magazine is on a quest to uncover the best hotel bars worldwide. Share your go-to spot HERE, and help us craft the definitive list of the world's top 10 bars to be featured in an upcoming issue of the magazine.

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/13/2024

A scarcity of new hotel openings in New York is having this effect, according to PwC :

Scarcity of new hotel openings in Manhattan over the next several years will give owners sufficient cover to drive room rates.

02/13/2024

Give your guests the in-room entertainment they deserve. Groundbreaking originals. The best hit movies.

🔗 hbobulk.com

Max

02/12/2024

Here's how JLL Hotels & Hospitality Group sees New York hotel performance panning out in 2024.

All eyes on New York this year as the city’s RevPAR climbed a new high in 2023 and total visitation projected to surpass 2019’s record.

02/12/2024

If you enjoy a nice cocktail, especially within the confines of a hotel, then this is the post for you! HOTELS Magazine wants to know what your favorite hotel bar is—in the world! Share your favorite and help us decide the 10 best in the world. We are narrowing it down and will compile the final list to be featured in an upcoming issue of the magazine. Submit your nominations HERE. Bottoms up!

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/09/2024

Forbes Travel Guide has unveiled its annual list of awards for 2024. Full s

Hotel ratings expanded into new destinations this year, while luxury travel adventure saw rise in popularity.

02/09/2024

"Why limit happy to an hour?" And why settle for just one hotel bar when we can discover the together? Share your favorites HERE and keep an eye out for our upcoming Top Hotel Bars in the World list.

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/09/2024

In guests' ever-escalating quest for unique experiences, hotels collaborate with creative agencies to elevate their brands. Explore this piece on brand building featuring perspectives from Streetsense’s Donna Oetzel and Ed Viita, FerebeeLane’s Matt Ferebee and Blackberry Farm’s Sarah Chabot.

At one time, perhaps before the 2000s, hotels largely could differentiate themselves simply by their brand name alone—and maybe a decent logo and some informative collateral. Not anymore. Today’s sophisticated travelers want not just a stay but an experience. To provide that, especially at the l...

02/08/2024

What makes a hotel bar the best? The ambiance? The décor? The drinks? Whatever the reason might be, we want to know. Submit your nominations for our soon-to-come Top 10 Hotel Bars of the World HERE.

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/08/2024

CBRE has the data on how hotel food and beverage operations have impacted revenue and expense. Learn all about it:

The 2020 COVID-influenced lodging industry recession resulted in some noticeable changes to the way hotels provide food and beverage (F&B) service. • Social distancing regulations forced operators to be creative in the way they served food and beverages to guests. • Rising wage rates and sharp i...

02/06/2024

They say shared joy is a double joy, so it's time to share your favorite hotel bars! Submit your favorite hotel bar you’ve imbibed in. Bottoms up!

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/06/2024

Aimbridge Hospitality has announced plans to reorganize its U.S. operational structure. Full story:

Aimbridge Hospitality, the world's largest third-party hotel operator, is restructuring its operating divisions in the United States.

02/05/2024

At the Americas Lodging Investment Summit, the C-suite, including Julie Arrowsmith of G6 Hospitality, John Cohlan of Margaritaville, Michael Lipson of Access Point Financial and Jim Merkel of Rockbridge, checked in with their perspectives on how they see things shaping up for the hotel industry for the rest of the year. Here's some of what they said in this report:

American Hotel & Lodging Association - AHLA

2023 may not have been the best of times for the hotel industry—but it wasn’t bad, either. 2024 can only get better.

02/02/2024

If you enjoy a nice cocktail, especially within the confines of a hotel, then this is the post for you!! HOTELS Magazine wants to know what your favorite hotel bar is—in the world! Share your favorite and help us decide the 10 best in the world. We are narrowing it down and will compile the final list to be featured in an upcoming issue of the magazine. Submit your nominations HERE. Bottoms up!

“Alcohol may be man’s worst enemy, but the bible says love your enemy.” If you believe in the bible, than what Frank Sinatra said makes eminent sense. If you don’t, well, an alcoholic beverage still might suffice. Not much beats a cocktail after a long day, or even after a short day of doing...

02/01/2024

Extended Stay America has achieved a 20% growth milestone in its franchise portfolio this past year. Full story:

Extended Stay America saw notable growth in franchising interest among developers and investors in 2023, exceeding the brand’s expectations.

02/01/2024

Concord Hospitality Enterprises Company and its CEO Mark Laport are going long on extended stay with with partners like Marriott International, Hilton Hotels & Resorts, Choice and Extended Stay America. HOTELS spoke with Laport to find out its long-haul plan:

Extended-stay hotels are cheaper to build, cheaper to run and easier on a guest’s wallet. Why Marriott, Hilton and Hyatt have new brands.

01/31/2024

Formerly a department store in downtown Racine, Wisc., Hotel Verdant is now an eco-forward boutique hotel. Check out this piece on its transformation with color from Dominion Properties' Mike O’Connor, ArchSolar's Mike Cornell and The Kubala Washatko Architects' Vince Micha.

Zahn’s in Racine, Wis., has now become Hotel Verdant, a conversion project that has taken the city and the broader U.S. by storm.

01/30/2024

American Hotel & Lodging Association - AHLA's 2024 State of the Industry report predicts historic wages and record tax revenues. Dive into all the projections for the year in this HOTELS piece:

Despite economic challenges, there will be opportunities to improve technology, meetings and events and guest experiences.

01/30/2024

Mo Chaar of Givex shares this perspective piece on how to ensure you are getting the most out of your loyalty program in 2024. Full story:

A well-executed hotel loyalty program can be the key to lasting success and growth and can also help generate more revenue.

01/29/2024

The Global Hotel Alliance (GHA) rolled into 2024 on a high note after reporting record 2023 results. Full story:

GHA DISCOVERY

Global Hotel Alliance’s room revenue surges 68% to reach $2.3 billion in 2023, while repeat stay revenue surged 60% to reach $1.4 billion.

01/29/2024

JLL's latest analysis unveils the state of the global lodging industry in 2023 and highlights the top three trends shaping 2024. Check out HOTELS' report for all the details:

RevPAR touched impressive levels by November 2023 and ranged between 94% to 121% of 2019 figures across all regions.

01/26/2024

Podcast: In this week's The Innovative Hotelier podcast, Todd Johnstone, CEO of Allbridge, offers advice for hoteliers on two paramount issues in today’s hospitality industry: and . Listen here:

Todd Johnstone, CEO of Allbridge, offers advice for hoteliers on two param...

01/26/2024

To operate or not to operate? F&B experts Adam Crocini from Hilton Hotels & Resorts, Lawrence Cohen from Citrin Cooperman Bashar Wali from Practice Hospitality, and Joe Bartolomei and Catherine Bartolomei from Farmhouse Inn weigh in on the right situation to operate a hotel internally or opt for a lease arrangement. Check it out:

Food and beverage and hotels go hand in hand. After all, hotel restaurants, like the walls they exist within, sometimes garner as much attention—think T’ang Court, the three Michelin-starred restaurant in The Langham Hong Kong Hotel, or The Palm Court at The Plaza in New York or Dinner by Heston...

01/25/2024

Aimbridge Hospitality closed 2023 on a high note, with a diverse mix of deals, ventures into new markets and property reopenings in its portfolio. Full story:

Aimbridge’s deep market asset-type and brand expertise, organizational scale and talent have helped existing and new partners outperform.