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Articles tagged “choice hotels”

Coronavirus

Trump Hotels CEO Leaving the Dwindling Company

Eric Danziger, the departing CEO at Trump Hotels and one of the few non-family members to hold the top job at the company, is the latest drag on the hotel brand that has shed properties over the last several years.

Cameron Sperance | 2 years ago

Trump Hotels CEO Leaving the Dwindling Company

Travel Technology

Nordic Choice Embraces Hotel Tech Reset

How Nordic Choice recently handled a ransomware attack, sold a hotel tech subsidiary, and kept employees engaged while opening 16 hotels makes it an interesting tech example for other hotels.

Sean O'Neill | 2 years ago

Nordic Choice Embraces Hotel Tech Reset

Hotels

U.S. Hotel Companies Largely Rebound to Profitability

Marriott, Hilton, Choice Hotels, and Wyndham all swung to profitability last year, per earnings reports this week. Even if Hyatt didn't, the other reports mostly amounted to a strong sign of recovery well under way for hotel companies with a significant presence in the U.S.

Cameron Sperance | 2 years ago

U.S. Hotel Companies Largely Rebound to Profitability

Coronavirus

Choice Hotels CEO Lays Out the Plan to Buy More Upscale Hotels

These aren’t going to be transformative deals for Choice Hotels like Starwood was for Marriott, but an upscale, extended stay brand would provides another option for business travelers. Meanwhile, a higher-end, full service brand would just help round out the overall portfolio.

Cameron Sperance | 2 years ago

Choice Hotels CEO Lays Out the Plan to Buy More Upscale Hotels

Coronavirus

U.S. and China Developments Will Dominate Hotel Earnings Season

Omicron soured hotel recovery momentum at the end of last year, but high daily rates for U.S. hotels and groundbreakings in China offer two growth narratives amid the pandemic setback.

Cameron Sperance | 2 years ago

U.S. and China Developments Will Dominate Hotel Earnings Season

Coronavirus

Omni Adds a Lifestyle Hotel Flavor to Hedge Against Convention Business

Omni's strategy for convention hotels is stuffing the ground floor with local restaurants and bars, offering a revenue lift in tough times. But it also costs a lot of money to develop. If you build it, it better be cool enough to motivate local residents to show up.

Cameron Sperance | 2 years ago

Omni Adds a Lifestyle Hotel Flavor to Hedge Against Convention Business

Hotels

Choice Considers Best Way to Expand Into High-End Hotels

It won’t be an easy task, but Choice Hotels moving beyond the sectors that gave it durability during the pandemic makes sense for the recovery — if it manages to build the right upscale portfolio.

Cameron Sperance | 2 years ago

Choice Considers Best Way to Expand Into High-End Hotels

Coronavirus

Blackstone and Starwood’s $1.5 Billion Deal Throws Fuel on Extended Stay

Investors liked the durability and continual operation of extended-stay hotels during the worst of the pandemic. But a $1.5 billion play for a portfolio and not even the entire WoodSpring Suites brand shows where investors see travel demand concentrating during the recovery.

Cameron Sperance | 2 years ago

Blackstone and Starwood’s $1.5 Billion Deal Throws Fuel on Extended Stay

Coronavirus

The Most Important Story in Hotels in 2021

Despite all the uncertainty in the hotel orbit, all the major hotel companies returned to profitability. Keeping a grip on the p-word is going to require major structural shifts.

Cameron Sperance | 2 years ago

The Most Important Story in Hotels in 2021

Hotels

What the Leisure-Led Travel Recovery Means for Future Hotel Development

Real estate is a long-term play that generally isn’t impacted by downturns, but the pandemic accelerated efforts to beef up some development offerings in the leisure and luxury orbit.

Cameron Sperance | 2 years ago

What the Leisure-Led Travel Recovery Means for Future Hotel Development