WASHINGTON (June 15, 2022) – The American Hotel & Lodging Association (AHLA), the AHLA Foundation, and the International Council on Hotel, Restaurant, and Institutional Education (ICHRIE) today announced a new strategic partnership, with the shared goal of growing the future workforce of the hotel and hospitality industry. The announcement comes at a critical time for the…
Singapore — June 15, 2022— IDeaS, a SAS company, the world’s leading provider of revenue management software and services, announced today that Swire Hotels has selected its G3 Revenue Management System (RMS) to unify its group approach to revenue management across a portfolio of seven hotels globally. Swire Hotels is a group of seven properties…
The British React With Enthusiasm – More Than Half Surveyed Say They Are More Likely to Book a Trip to the U.S. Kansas City, MO (June 13, 2022) – The travel industry received some long-awaited news last week when the U.S. Centers for Disease Control and Prevention announced it was lifting its requirement for travelers to…
COLUMBUS, Ohio, June 13, 2022 /PRNewswire/ — In the hospitality sector that has been traditionally dominated by men, Red Roof® has been an industry leader in promoting and nurturing women entrepreneurs. This year, at its fourth annual Forum on Leadership for Women Entrepreneurs, designed to help women in hospitality develop deeper business acumen and stronger leadership skills, Red Roof…
AUSTIN, Texas, June 13, 2022 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it has completed the previously announced acquisition of the dual-branded 264-guestroom AC Hotel by Marriott & Element Miami Brickell (the “Brickell Hotels”). The Company’s initial purchase option was based on a gross hotel valuation of $89.0 million, or $337,000 per key, and…
Unites highly complementary businesses, adding nine brands, 624 hotels and over 68,000 rooms Marks the latest step in Choice’s strategy of growing its asset-light portfolio of hotel brands in higher revenue travel segments and locations Extends Choice’s customer reach with some of the industry’s most recognized brands Radisson Hotel Group to continue growing and managing Radisson…
Repeal of testing requirement for all inbound air travelers projected to add 5.4 million visitors to U.S. and $9 billion in travel spending through remainder of 2022 WASHINGTON (June 10, 2022) — U.S. Travel Association President and CEO Roger Dow issued the following statement on the Biden administration’s announcement that the pre-departure testing requirement…
SALTO and Kohost technology partnership enables contactless smart access and guest room control on guest phones without downloading an app Kohost, today announced a successful integration with SALTO Systems. For nearly 20 years SALTO has been synonymous with innovative solutions, including stand-alone, cloud-based and mobile applications, that set new standards in security, manageability, flexibility and…
ROCKVILLE, Md., June 9, 2022 /PRNewswire/ — Building on its strategy to continually grow its footprint in markets sought-after by guests and developers alike, Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), has awarded 10 franchise agreements to develop the new Cambria prototype. Launched in late 2021, the new prototype is uniquely designed to…
Purchase price represents an approximate 11 times multiple on average Adjusted Property EBITDA from 2019-2021 LAS VEGAS, June 9, 2022 /PRNewswire/ — MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) today announced that it has reached an agreement to sell the operations of Gold Strike Tunica (“Gold Strike”) to Cherokee Nation Entertainment Gaming Holdings, LLC (“CNE”),…
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