5 things to know: 24 October 2018
5 things to know: 24 October 2018
24 OCTOBER 2018 9:31 AM

From the desks of the Hotel News Now editorial staff:

  • Hurricane Willa weakens as it passes over Mexico
  • Apple CEO pushes for GDPR-like regulation in the US
  • Hotel analysts expect talk of M&A, loyalty in Q3 calls
  • Men sentenced for armed jewelry robbery at hotel
  • DMO network announces 2018 Global Destinations Index

Hurricane Willa weakens as it passes over Mexico: Hurricane Willa made landfall over Mexico’s western coast as a Category 3 storm Tuesday, but the storm has since weakened to a tropical depression as it has moved over central Mexico, CNN reports. The storm is expected to weaken further as it travels over the Sierra Madre mountain range and “pumps moisture into northern Mexico and Texas.”

Arturo Dávalos, mayor of Puerto Vallarta, said about 650 tourists were moved to a safe location in coordination with the consulates of Canada and the United States, according to the article. Airlines have moved their flights away from the storm’s path.

Apple CEO pushes for GDPR-like regulation in the U.S.: In his address to the European Parliament, Apple CEO Tim Cook called once again for a data privacy law in the U.S. similar to that of the General Data Protection Regulation in the European Union, The Wall Street Journal reports. He criticized those who prioritize profits over data privacy.

“Today, that trade has exploded into a data-industrial complex,” he said. “Our own information—from the everyday to the deeply personal—is being weaponized against us with military efficiency.”

The hotel industry was one of many in the U.S. trying to wrap their collective heads around the regulations in the GDPR to make sure they were in compliance by the 25 May 2018 deadline. The penalty for violations of the law is €20 million ($22.8 million) or 4% of the company’s total worldwide revenue from the previous year, whichever is higher.

Hotel analysts expect talk of M&A, loyalty in Q3 calls: As hotel companies’ third-quarter earnings calls near, hotel analysts are eager to hear more details about the pending Pebblebrook Hotel Trust and LaSalle Hotel Properties acquisition and Marriott International’s integration efforts, reports HNN’s Bryan Wroten.

Rich Hightower, managing director at Evercore ISI, was curious about how Marriott has handled issues it faced in integrating its group sales departments.

“Have they ironed out some of that disruption?” he asked. “Is the group sales machine working as it should? Have they lost any market share to competitors in that meantime? That impacted several REITs last quarter.”

Men sentenced for armed jewelry robbery at hotel: Two of the three men involved in the armed robbery of £500,000 ($646,300) worth of jewelry from the Gleneagles Hotel near Auchterarder and Perthshire in Scotland have been sentenced to years in jail, the BBC reports. The trio stole 50 Rolex watches from a boutique in the hotel in June 2017. The watches have not been recovered.

The robbery itself lasted only minutes, the BBC reports, and the staff of the boutique believed “the gang were carrying out a ‘terrorist attack.’”

DMO network announces 2018 Global Destinations Index: Global DMC Partners has released its 2018 Global Destination Index, highlighting the most popular meeting-and-incentive destinations this past year, according to a news release. The index also shows the up-and-coming markets in 2019.

Paris, Amsterdam and Munich topped the top 10 list of international cities in 2018, while Las Vegas, Orlando and Chicago led the U.S. markets, according to the release.

Looking ahead to 2019, the index ranked Costa Rica, the Bahamas, Malta, Puerto Rico, Morocco, Croatia, St. Lucia, Denver/Colorado Springs, South Africa and Thailand on its “hot list.”

Compiled by Bryan Wroten. 

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