INDUSTRY NEWS

Hotelsmag.com

By: Jeff Weinstein

Courtyard by Marriott is rolling out a modernization program for some 375 of the oldest North American hotels in the system with expectations for exterior upgrades by 2024, including 60 that have already been completed. In addition, many of the same hotels are expected to update their public spaces and guest rooms.

Hotel News Now

By: Bryan Wroten

In a move to help hoteliers with sustainability efforts, a global committee is working on a way to help them better track their carbon footprint and enact metrics for use industrywide.

Chicago Business Journal

By: Ben Miller

A Dutch hotel chain said it will open its first Chicago location at Sterling Bay’s mixed-use development at 300 North Michigan Avenue later next year.

Chicago Business Journal

By: Wendell Hutson

Casino operators Bally’s Corp., Rush Street Gaming and Hard Rock International, all vying to build Chicago’s first casino, have proposed a South Side location near the McCormick Place convention center. While each proposal has similarities, the reasons why each operator seeks a location near McCormick Place, 2301 S. King Drive, differs.

Co Star News

By: Ryan Ori

A Spanish firm has paid $28 million for a Chicago site near the Magnificent Mile shopping strip in a rare case of planned hotel construction during the pandemic.

Hotel News Now

By: Bryan Wroten

NEW YORK — While U.S. hotel demand has been on a recovery path for most of the year, hoteliers continue to struggle with having too many open jobs to properly service that demand.

Hotelsmag.com

By: Jeff Weinstein

While the world waits to hear more about how contagious or lethal the Omicron variant of the coronavirus is, a number of countries have already announced border closings, further exacerbating the hotel industry recovery in the near term.

Hotel News Now

By: Stephanie Ricca

NEW YORK — Corporate diversity, equity and inclusion efforts are in the spotlight as hotel companies reassess their high-level priorities. As a result, CEOs are speaking more honestly about the topic and sharing more transparency into their organizations.

Hotel News Now

By:  Stephanie Ricca

NEW YORK — As business transient and group travel continues to tick up in the U.S., hotel industry executives are contemplating the trajectory of that return while continuing to make room for a revitalized leisure travel segment.

Hotel News Now

By:  Bryan Wroten

NEW YORK — The strength of U.S. hotel demand this year has renewed hoteliers’ optimism for a faster recovery, which appears likely according to industry forecasters, with some caveats.