Industry news and resources connected to the worldwide hospitality industry and the Chicago area
Costar.com
Hotel News Now
By: Trevor Simpson
LOS ANGELES — Differentiating each individual hotel brand has never been more important as global brand companies continue to add to their grand totals, hotel executives say.
Learn More
Lodgingmagazine.com
By: George Seli
From both cost savings and sustainability perspectives, energy management has long been a key initiative for hoteliers. But with the rise in utility prices last year, optimizing energy efficiency has become an even higher priority among owners and operators. According to CBRE’s monthly P&L survey, hoteliers’ utility expenses in December 2022 increased by 21.5 percent on a dollar per available room basis over December 2021, which is partly due to increased occupancy, but also to the rise in energy and water rates.
Learn More
Lodgingmagazine.com
By: Lodging Staff
ARLINGTON, Virginia—Knowland announced that the Chicago market led the U.S. meetings and events industry by volume for April 2023. Second place went to Los Angeles-Long Beach, with Washington, D.C. in third. The leading industry driver for meetings was national associations, placing either first or second across the top five markets. This data is a subset of Knowland’s sales pipeline generation platform.
Learn More
Costar.com
By: Sean McCracken
Between recent acquisitions and brand launches, Hyatt Hotels Corp. is looking to expand its ownership community and give franchisees more options to grow within its system. But in order to make that happen, hotel developers must be able to find capital.
Learn More
Lodgingmagazine.com
By: David Nessler
As hotels continue to move away from traditional full-service food & beverage outlets in the wake of the pandemic, Grab & Go markets or food pantries have emerged as the ‘go to’ for today’s guests.
Learn More
costar.com
By: Dana Miller
Aimbridge Hospitality President and CEO Mike Deitemeyer said he was consistently the one who arrived at work super early and left super late. He realized others around him began to emulate that because they felt that was the culture.
Learn More
costar.com
By: Romy Bhojwani
The Democratic National Convention announced this week it is returning to the Midwest for its 2024 convention, selecting Chicago in a move that, if history holds, could give the city's hospitality industry its best August revenue numbers in more than a decade.
Learn More
Costar.com
Hotel News Now
By: Dana Miller
ATLANTA — Leadership styles vary among organizations, but most leaders agree that every employee within a company brings their own set of skills to a team, and allowing people to be who they are is what creates a successful outcome.
Learn More
Lodgingmagazine.com
By: Dennis Nessler
Most hospitality executives will acknowledge the industry’s property-level labor problems didn’t start with the pandemic, but the shutdown that occurred as a result certainly took the issue to another level, with many workers leaving never to return.
Learn More
Lodgingmagazine.com
By: Raquel Ortiz
Less spending on labor has been a big reason why U.S. hotel profit margins have held strong, but that spend is on the rise with labor costs growing at a compound monthly rate of 3.7 percent in 2022.
Learn More