Latest news with #HospitalityGroupandBusinessPerformanceIndex
Tanja News
18-05-2025
- Business
- Tanja News
فاجعة حادث الطاكسي بطنجة.. عائلة الضحية تصرخ: مَن السائق الذي قتل ابننا؟ ولماذا أخفوا عنا خبر وفاته؟
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback . Marriott International opened the Gaylord Pacific Resort & Convention Center near San Diego in Chula Vista, California, the company announced Thursday. The $1.3 billion project features 1,600 rooms including 89 suites, 12 food and beverage concepts, a 4.25-acre waterpark and more than 477,000 square feet of meetings and events space, according to Marriott. The property is Gaylord Hotels' sixth, and its first in California. It's also the first Gaylord Hotels property to debut since the 2018 opening of Gaylord Rockies Resort in Colorado. Marriott says the hotel strengthens its group and convention offerings. Gaylord Hotels Vice President and Managing Director Johann Krieger said the resort is the result of 'a decade-long collaboration with the City of Chula Vista and the Port of San Diego.' Space for meetings — the 'core' of Gaylord Hotels' brand — includes the largest hotel convention center and ballroom in California, according to Marriott. Meetings space includes 135,000 square feet of event lawns and terrace, 67 breakout rooms and four ballrooms. The property also has a full-service events team with dedicated event managers. In addition to king and queen rooms, the hotel's offerings include executive suites, luxury suites, presidential suites and 'ulra-premium' penthouse presidential suites, according to Marriott. Penthouse presidential suites include more than 3,200 square feet of indoor and outdoor space and a private furnished balcony with panoramic views, as well as a living room, kitchenette, bar, dining table and primary bedroom with private dressing room. The resort's food and beverage offerings include a surf-and-turf steakhouse, a kitchen and bar with a seasonal menu, a sports bar and taproom, a seafood-focused bar and a sushi concept. The property's waterpark also features two dedicated restaurants. In addition to the waterpark, guests can access a 7,500-square-foot fitness center and a salon and spa. Group and business travel continued to grow at a healthy pace in the first quarter of 2025, driven by events, according to Cendyn and Amadeus' Hospitality Group and Business Performance Index, released last week. Hilton is also expanding its convention center-focused hotel brand, Signia, with plans to open an Indianapolis location in 2026 .
Yahoo
15-05-2025
- Business
- Yahoo
US RevPAR hit Q1 record, though economic outlook more cautious: JLL
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Despite a more cautious economic outlook for the months ahead, hotels in the first quarter of 2025 saw 2.2% year-over-year RevPAR growth to a record $92, with March achieving the highest year-to-date RevPAR in U.S. history, according to JLL's U.S. Hotel Investment Trends Report for Q1 2025, obtained by Hotel Dive. Q1 RevPAR growth was driven by strong ADRs, though occupancy dipped in the quarter due to a slowdown in budget leisure travel, per JLL. Inbound international travel also slowed in the quarter, and JLL expects further softening of inbound arrivals in future months. Despite volatility, hotels remain a favored asset class among lenders, and the buyer pool is diverse even as some real estate investment trusts have pulled back, according to JLL. A 'scarcity' of new hotels — and tariffs likely 'exacerbating supply challenges' — could drive performance resilience this year. Urban hotels, in particular, performed well thanks to group and corporate demand, showing the highest year-on-year RevPAR growth in Q1. According to a recent Cendyn and Amadeus' Hospitality Group and Business Performance Index report, solid events volumes boosted group and business performance in Q1, which continued to grow at a healthy pace. Mid-sized deals in urban markets drove 'resilient' hotel liquidity in the quarter, according to the report, as investors aimed to tap into corporate group demand. Earlier this year, investors indicated to CBRE a preference for central business districts and resort markets over other locations in 2025. Bifurcation, however, continued to impact hotels, with higher chain scales outperforming lower ones. Economy hotels, in particular, saw their RevPAR drop 5.7% as compared to Q1 2023, though the sector's RevPAR was up 1.9% year on year, per the report. Manhattan, in particular, has exemplified the nationwide trend of performance bifurcation, according to PwC. Q1 hotel transaction volume rose 23% year on year, and select-service and extended stay hotels 'dominated' in terms of hotel transactions closed in the quarter. While high rates curbed large-value deals in Q1, some $145 billion in hotel loan maturities slated for this year and the next will catalyze hotel transactions, according to JLL. Select-service and extended stay hotels are poised to deliver 'durable returns in a volatile market,' according to JLL research released in February. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hospitality Net
08-05-2025
- Business
- Hospitality Net
Cendyn and Amadeus Report Strong Growth Metrics for U.S. Events
Cendyn, a global integrated hotel technology and services company, and Amadeus, a leading technology provider for the travel industry, today released metrics from the companies' Hospitality Group and Business Performance Index (the 'Index'). The overall health index reached the highest level in four quarters. The aggregated Index reflected performance for all segments – Group, Corporate Negotiated, GDS, and Events – and shows 1Q2025 achieved 109.1 percent compared to 2024. Top overall health index markets include: Louis 121.0 percent Philadelphia 1 percent New Orleans 9 percent New York City 6 percent Tampa 6 percent Austin 0 percent Phoenix 0 percent Chicago 3 percent Houston 8 percent Miami 8 percent In addition, the top growth markets specific to Group performance were New Orleans (156.4 percent), Philadelphia (124.3 percent), Washington D.C. (118.5 percent), San Francisco (112.9 percent), and Chicago (112.5 percent). The Index combines event data from Knowland by Cendyn with hotel booking data from Amadeus' Demand360® business intelligence solution to provide aggregate views of the key drivers of hotel performance. The aggregated index reflects performance or 'health' for all segments – Group, Corporate Negotiated, Global Distribution System (GDS), and Events. It offers filters for event market segments and booking industries, empowering hoteliers, destination marketing organizations, and convention and visitor bureaus to adapt strategies effectively. Key insights from the Index are as follows: Overall health index once again reaches highest level in four quarters. The aggregated Index reflects performance for all segments – Group, Corporate Negotiated, GDS, and Events – and shows that 1Q2025 achieved 109.1 percent compared to 2024. The aggregated Index reflects performance for all segments – Group, Corporate Negotiated, GDS, and Events – and shows that 1Q2025 achieved 109.1 percent compared to 2024. Strong group performance continues. The Group Index was at 107.4 percent due to a 2.6 percent increase in room nights and a 4.7 percent increase in average daily rate (ADR) with ten consecutive quarters of growth. The Group Index was at 107.4 percent due to a 2.6 percent increase in room nights and a 4.7 percent increase in average daily rate (ADR) with ten consecutive quarters of growth. Indirect channels show ongoing growth. Overall, GDS grew again this quarter, at 109.5 percent, compared to Q1 last year. This was due to a 7.4 percent increase in room nights and a 2.0 percent increase in ADR. Overall, GDS grew again this quarter, at 109.5 percent, compared to Q1 last year. This was due to a 7.4 percent increase in room nights and a 2.0 percent increase in ADR. Negotiated performance increases. The Negotiated Index score was 104.8 percent due to a 1.2 percent increase in room nights and a 3.5 percent increase in ADR. The Negotiated Index score was 104.8 percent due to a 1.2 percent increase in room nights and a 3.5 percent increase in ADR. Events lead in growth. The highest segment and almost equivalent to last quarter's volume, event volume was 114.6 percent versus the same period the previous year. The highest segment and almost equivalent to last quarter's volume, event volume was 114.6 percent versus the same period the previous year. Meetings spur growth opportunities. Hotels of all sizes experienced growth in Q1 due to the meetings and events industry. The average attendee size held steady at 146 guests. The average space used was higher than in Q4 2024, moving from 3,410 to 4,186 St. Louis meeting volume was the highest, at 171.8 percent, Austin was 131.1 percent, and Philadelphia was 129.6 percent. Download the full report By using industry-leading data from Knowland by Cendyn and Amadeus' Demand360®, along with the industry-leading sales and catering solution, Amadeus' Delphi®, hoteliers can develop precise, data-driven strategies to boost group sales and efficiently manage the entire process from lead to event execution. About the Hospitality Group & Business Performance Index methodology The Hospitality Group & Business Performance Index uses a multi-factor weighting system that balances metrics such as group, corporate transient, and GDS room nights with average daily rate (ADR) performance. Each factor is averaged to provide a final index score, ensuring a more accurate overall performance assessment. ABOUT CENDYN Cendyn is a global hospitality cloud-based technology company that enables hotels to drive revenue, maximize profitability, and create deeper connections with guests through its integrated solutions. Serving hoteliers for nearly 30 years, Cendyn drives commercial success for hotels through its Find, Book, Grow promise: find the right guests, drive them to book direct, and grow loyalty and revenue across the spectrum of digital guest interactions. Cendyn has over 35,000 customers worldwide in more than 150 countries generating more than $20 billion in annual hotel revenue. The company supports its growing customer base from locations across the globe, including the United States, France, the United Kingdom, Singapore, Bangkok, and India. To find out more, visit Kim Dearborn View source
