The Best of Daily Lodging Report for the Week Ending November 19

the shift Daily accommodation report An email-only newsletter that is required to be subscribed to read by anyone and everyone in the hotel, investor, owner and operator, including CEOs of some of the best brands in the industry. With two separate regional editions, it covers everything from North America to Asia Pacific. The report itself, curated by founder Alan Woinski, boils down industry news into a quick and easy-to-read daily summary known to keep readers informed in an efficient and effective manner.

Here’s a sample of what the Daily Lodging report had for its readers last week. If you’re not a subscriber, you should be. do not wait. Subscribe now here.

Sunday 14th November

Transformation Mentioned in a comment from DisneyAnd Comcast, analysts said that increasing the number of international visitors to the United States may not benefit Disney and Universal Theme Parks Until next year, since early comers will focus on family reunions and holiday trips will need to be planned. While local visits have risen at the parks operated by Walt Disney and Comcast, capacity constraints, rising costs and fewer visits by international travelers to their parks in the United States have weighed on earnings. Disney executives expect international attendance to rebound only by the second half of next year, and have pointed to an increase in costs, too. Comcast Chief Financial Officer Brian Roberts He is encouraged by the ongoing recovery but feels that returning to and then overtaking pre-pandemic levels in EBITDA will likely require improvement in international visits.

Skift Note: Slow and steady wins the race. The reopening of international borders for vaccinated travelers to the US will lead to a major recovery in 2022 for theme parks, but don’t expect much before then.

Monday 15 November

Trump Organization It has reached an agreement to sell a hotel lease in Washington for $375 million CGI Trader The group that entered into an agreement with Hilton Worldwide Holdings To rename the hotel to the Waldorf Astoria. For the Trump Organization, getting $375 million would be a victory given the negative press they’ve been receiving for months, allowing Donald Trump to say he made a profit on the sale. Reports on this point to a shutdown next year which means things could go wrong.

Skift Note: Sure, it’s a profit, but consider: Trump spent more than $200 million to renovate the hotel on top of the ground lease. The real winner here is Hilton, who has always wanted a Waldorf Astoria in DC

Tuesday 16 November

housing economics chest China construction pipeline trend report At the end of the third quarter of 2021, China’s construction pipeline totaled 3,571 projects/681,095 rooms, just three projects shy of the cyclical rise of 3,574 projects identified in the second quarter of 2020. At the end of the third quarter, it increased New project announcements increased by 52% compared to Q221. Additionally, conversion and rebranding activity remains strong in the region. At present, there are 2,453 projects/444,439 rooms under construction in China. The projects to be built over the next 12 months are 546 projects/103,526 rooms. The number of projects and rooms in the early planning phase is 572 projects / 133,130 rooms at the end of the third quarter. China’s total construction pipeline leads Chengdu with 140 projects/28643 rooms, Shanghai with 127 projects/24768 rooms, Guangzhou with 121 projects/24791 rooms, Wuhan with 98 projects/13533 rooms, and Xi’an with 94 projects/16785 rooms. The largest hotel franchisees in China’s construction pipeline are Hilton Worldwide with 666 projects/124,602 rooms, InterContinental Hotels Group with 443 projects/91077 rooms, Marriott International with 139 projects/104,674 rooms, JinJiang Holdings with 204 projects/20,195 rooms , and Accor with 178 projects / 31,996 rooms. The largest brand in the pipeline for each of these companies is Hampton by Hilton with 375 projects / 56,798 rooms, Hilton Garden Inn with 85 projects / 17,447 rooms, Holiday Inn Express by IHG with 203 projects / 33,636 rooms, and Holiday Inn with 71 projects / 17,284 rooms. . Top Brands Marriott International Four Points Hotel with 64 projects/17443 rooms and its brand Marriott Hotel with 59 projects/17948 rooms. . Leading Brands Jinjiang Holdings 7 Days Inn with 101 projects / 7951 rooms, followed by Vienna Hotel with 44 projects / 4502 rooms. Accor’s leading brands are Ibis brands with 60 projects / 6,338 rooms and Mercure Hotel with 49 projects / 7,922 rooms. During the third quarter of 2021, China opened 416 hotels/67,913 rooms. The Egyptian pound forecast for new hotel openings expects 345 hotels / 45,050 more rooms to open in the fourth quarter, bringing the expected opening of the new hotel to 761 new hotels with 112,963 rooms by the end of the year. In 2022, 920 new hotels with 150,899 rooms are expected to open.


Skift Note: China’s hotel recovery has come to a standstill in recent months, but developers still want to enter the country and its seemingly endless appetite for branded hotels.

Wednesday 17 November

Macau continues negotiations with mainland China on group and e-visas, but the CEO acknowledged that a broader opening to international travel is not imminent. He expects the situation on the border with Hong Kong and mainland China to return to normal next year as vaccination rates rise. Meanwhile, 44 guests in Hong Kong have been quarantined in Four Points by Sheraton Hong Kong, Tung Chung was taken to a quarantine center in Penny’s Bay after 13 samples at the hotel tested positive for Covid-19. Hong Kong has reported one more imported case, a 21-year-old woman who arrived from India on November 14.

Skift Note: Game operators in Macau need some good news, and uncertain reopening schedules aren’t helping sagging revenue.

Related group and SH Hotels & ResortsThe Baccarat crystal company, together with the Baccarat crystal company, launched the sales of Baccarat Residences Miami in the heart of Brickell. The 75-storey high-rise will feature 318 flowing residences starting on level 15 and culminating in the four upper floors with 8 penthouses. An exclusive selection of 28 river view apartments and duplexes dotting the tower on the waterfront promenade. Hotel amenities include a fitness and wellness center with spa facilities, including a hammam, steam room, and sauna. on-site spa shop; club room; beauty salon and barber on request; The signature riverfront restaurant. Outdoors, the pool deck features a saltwater infinity pool, spa, and cabanas. Development is scheduled to be completed in 2025.

Skift Note: Analysts often warn against just anyone getting into the hotel-brand residential development business. Baccarat as a hotel brand is very small, but their crystal wares are a staple in the dining rooms of wealthy clients that you want for a residential project. This can work.

Thursday 18 November

According to the seventh year Global Business Travel Forecast published by CWT and Global Business Travel AssociationGlobal travel fares by air, land and hotels are expected to increase in the next two years, driven by increased demand, capacity constraints and traveler sustainability demands, as well as increased labor and fuel costs. The global economy is expected to grow by 5.9% in 2021, followed by 4.9% in 2022. Macroeconomic forces, government policy and COVID protocols will continue to influence future prices more than ever. Even as macroeconomic challenges remain acute, global economic growth forecasts through 2022 and 2023 will help accelerate the recovery of business travel. After rising 2.6% in 2019, airline ticket prices fell 3.1% in 2020 and another 31% for business travelers, led by a 38% drop in Premium Class, followed by a nearly 19% drop in Economy Class tickets across 2021. However, airfares are expected to rise by 3.3% in 2022 and 3.4% in 2023. Airlines’ capacity remains tight and is unlikely to return to pre-pandemic levels until 2023 or 2024. Leisure destinations will continue Domestic driving recovery in 2022. After rising 3.5% in 2019 hotel prices are down 8.3% in 2020 and an additional 17.7% in 2021, with prices as of Q3 2021 lower than 2019 levels by about 25%. In Q321, hotel prices are down 25% from 2019 levels. Although hotel prices are expected to rise 13% globally in 2022, followed by another 10% in 2023, a return to year-on-year levels 2019 in many markets will take time. Luxury hotels should see higher occupancy levels and higher room rates, with increased momentum on business trips. Corporate meetings and events will also help influence hotel rates, and CWT Meetings & Events expects the bulk of spot meeting bookings to be small and regional.

Skift Note: Will the expected 13 percent jump in hotel room rates next year be an additional deterrent to companies that are already keeping a close eye on costs when it comes to returning business trips? This report from a global business travel trade group is nothing if not sobering amid bullish expectations that road warriors will come back in full force.

Like what do you see? Learn more, and secure full daily access by clicking the button below.

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox