5 things to know: 4 October 2019
5 things to know: 4 October 2019
04 OCTOBER 2019 9:29 AM

From the desks of the Hotel News Now editorial staff:

  • MGM reaches settlement with victims of Las Vegas shooting
  • What Accor execs have planned for the Americas
  • September jobs report suggests slowing economy
  • ‘Scattered hotels’ becoming popular in Japan
  • American Airlines building 600-room hotel

MGM reaches settlement with victims of Las Vegas shooting: MGM Resorts International has reached a settlement to pay between $735 million and $800 million to the victims of the 1 October 2017 shooting in Las Vegas, according to a news release.

The amount will depend on “the number of claimants who choose to participate in the settlement,” the release states, and the process is expected to be completed in late 2020.

“Parties will dismiss and release all pending litigation” under the settlement agreement.

"Today's agreement marks a milestone in the recovery process for the victims of the horrifying events of 1 October," Robert Eglet, a lead Plaintiffs' Counsel, said in the release. "While nothing will be able to bring back the lives lost or undo the horrors so many suffered on that day, this settlement will provide fair compensation for thousands of victims and their families. MGM Resorts is a valued member of the Las Vegas community and this settlement represents good corporate citizenship on their part. We believe that the terms of this settlement represent the best outcome for our clients and will provide the greatest good for those impacted by these events."

What Accor execs have planned for the Americas: Hotel News Now recently spoke with two Accor executives at recent conferences to find out what the French company has planned in different regions of the Americas.

During a video interview with HNN at The Lodging Conference, Heather McCrory, CEO of Central and North America at Accor, said she’s focused on the expansion of lifestyle brands in North America and the integration of brands in regions she oversees.

In a video interview with HNN at the South American Hotel Investment Conference, Gaurav Bhushan, global chief development officer for Accor, said he’s focused on growing scale in South America.

September jobs report suggests slowing economy: The U.S. added 136,000 jobs in September with the unemployment rate at 3.5%, down 3.7% from August, which suggests a slowing economy “as global growth weakens and the trade war hurts manufacturing, The New York Times reports.

Manufacturing activity fell for the second consecutive month this week and “the World Global Trade Organization predicted that the growth in global trade would slacken significantly,” but “employers kept hiring,” according to the news outlet.

“It’s great news to hit a record low on unemployment, but not on the heels of a slowdown in wage growth,” said Diane Swonk, chief economist at Grant Thornton. “The disappointment was wages.”

‘Scattered hotels’ becoming popular in Japan: “Scattered hotels,” or hotels that re-create traditional villages and allow visitors to experience local food and culture, are taking off in rural areas in Japan, the Japan Times reports.

This type of accommodation is said to have originated in Europe, and its first foray in Japan began with Maruyama Village, which opened in 2009.

“Users of the facility can partake in activities such as agriculture, pottery-making and tea ceremony while staying at renovated traditional houses,” according to the news outlet.

American Airlines building 600-room hotel: American Airlines is building a 600-room hotel at its headquarters in Fort Worth, Texas, to accommodate “future employees undergoing training to become pilots, flight attendants, gate agents” and other employees, Biz Journals reports.

The new hotel will sit where an old 300-room lodging facility once was and the hotel is expected to open by the end of 2021.

The airline is building the hotel on its campus to “break down barriers between management and other employees,” Kirk Hotelling, managing director of corporate real estate at American, told the news outlet.

Compiled by Danielle Hess.

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