Article Summary: In this week’s roundup of news from the Americas region: Hawaii performance; the future of luxury development; and more.
In this week’s roundup of news from the Americas region: Hawaii performance; the future of luxury development; and more.
Primary Category: Americas
Hotel News Now each week features a news roundup from a different region of the world. Today’s review covers the Americas.
Hawaii hotels yet to feel direct volcanic impact
Kilauea’s volcanic fissures have been erupting on Hawaii’s Big Island for more than a month, but sources say it’s still a bit too early to tell if the volcano is causing traveler hesitation, writes HNN’s Bryan Wroten.
Alison Hoyt, senior director of consulting and analytics at STR, parent company of HNN, said traveler perception is difficult to measure. And while it’s difficult to compare the volcanic fissures to past hurricanes, the hurricanes resulted in a clear increase in hotel demand for at least six months after the storms, she said.
“Generally all the islands run pretty a high occupancy,” she said. “There’s not as much seasonality as other markets,” she said.
New generation of consumers driving luxury development
Luxury brands are recognizing a shift in the industry as the next generation consumer is driving the segment, and brands aren’t afraid to branch out and develop in new markets, HNN’s Dana Miller writes.
Anthony Ingham, global brand leader for W Hotels at Marriott International, said W hotels performs well in big gateway cities with a prominent music, fashion and creative arts scene, both internationally and in the U.S. Maintaining a youthful and vibrant lifestyle hotel “has a lot of implications for where we’re building and looking for the new hotels,” he said.
STR monthly numbers
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during May 2018, according to data from STR.
Occupancy for the month rose 0.7% to 68.2%, with a 2.6% lift in average daily rate to $129.90 and a 3.3% increase in revenue per available room to $88.59.
This is the 99th consecutive month of RevPAR growth in U.S. hotels for the year.
Hotels in the Central and South America region also reported positive year-over-year results, according to data from STR. Occupancy grew 0.6% to 54.4%, and ADR lifted 34.3% to $125.66, driving RevPAR up 35.1% to $68.34.
Deals and developments
- Three Belize resorts have come together to form the collection Unique Hotels of Belize. The three properties are the Lodge Chaa Creek, Victoria House on Ambergris Caye and Naïa Resort on the Palcencia Peninsula.
- InterContinental Hotels Group and Mexico-based Operadora MBA announced the signing of the first Avid property in Mexico. The property will feature 95 guestrooms and is expected to open mid-2019.
- Marriott International broke ground on its future headquarters and 244-key hotel in Bethesda, Maryland, through a joint venture between The Bernstein Companies and Boston Properties.
- The 187-room Courtyard by Marriott Dulles Airport hotel opened on 21 June. MCR Development owns and manages the hotel.
- Virginia-based Lingerfelt CommonWealth Partners, LLC, and Chicago-based JDI Realty LLC acquired the 295-key Virginia Beach Resort Hotel & Conference Center for $19 million through a joint venture.
Compiled by Dana Miller.
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Headline: Global hotel pulse: Americas news
Article Date: 6/27/2018
Article Time: 8:53:00 AM