Latest news with #Wyndham
Travel Weekly
7 hours ago
- Business
- Travel Weekly
Luxury hotels prevail amid fallen consumer confidence
NEW YORK -- Hotel CEOs on stage at the NYU International Hospitality Investment Forum on June 2 discussed how consumer hesitation is hitting midscale and economy hotels much harder than luxury hotels. Hyatt CEO Mark Hoplamazian talked about a "massive divergence by chain scale," with economic pressure increasing the further down the chain scale you go. A month ago, Hoplamazian discussed the phenomenon during Hyatt's Q1 earnings call, saying luxury and upper-upscale hotels (about 70% of Hyatt's portfolio) were outperforming the company's lower-tier hotels. Hoplamazian's comments jibed with a revised 2025 forecast from CoStar and Tourism Economics at the NYU event. Luxury hotels are expected to achieve 3.4% growth in revenue per available room (RevPAR) this year, and 1.8% growth is expected for upper-upscale hotels. Meanwhile, upscale hotels are projected for 0.5% RevPAR growth, and midscale and economy hotels are expected to record 0.8% and 0.7% RevPAR decreases, respectively. Wyndham Hotels & Resorts CEO Geoff Ballotti said the company's midscale-and-above brands are driving profitability in the U.S., along with extended-stay hotels. Hawthorn Suites is Wyndham's primary extended-stay chain, and it has added Echo Suites and WaterWalk in recent years. "There's just tremendously more demand in extended stay than there is supply right now," said Ballotti, attributing the segment's strength to housing shortages and corporate demand for accommodating blue-collar workers on infrastructure projects. Hotel industry resilience The CEOs also discussed the hotel industry's resilience during a time of economic uncertainty, saying travel demand has continued to hold up relatively well across most sectors. Marriott International CEO Anthony Capuano said that was "pretty encouraging." Hoplamazian said consumers are putting off their booking decisions until the last minute, causing business on the books to initially appear weaker than usual. He's seeing that trend particularly in business travel. "We're seeing the pace for transient business start to slow down maybe two months out, and then it gets weaker, and then as the date of travel gets closer and closer, it comes back up," he said. Hilton CEO Christopher Nassetta acknowledged that most major hotel companies have lowered their 2025 outlook. Despite economic volatility, he expressed optimism that pending legislative packages and trade deals could provide the stability needed to restore consumer confidence. "Getting those things buttoned down at least a little bit more, I think, will allow our customers -- whether that's leisure, business, meetings or events -- to have a little bit more confidence," said Nassetta. The other CEOs on stage were Elie Maalouf of IHG Hotels & Resorts and Sebastien Bazin of Accor. Protestors disrupt CEO panel Midway through the session, the sound of protesting interrupted the proceedings, startling audience members. A security guard said protesters had gathered on the fifth floor of the New York Marriott Marquis. The protest was about the use of eggs from caged hens. The panel resumed shortly after the disruption.
Hospitality Net
9 hours ago
- Business
- Hospitality Net
Ramada by Wyndham Makes Its Debut in Ranchi, Expanding Global Hospitality Footprint
Shakambari Builders Private Limited is proud to announce the grand opening of Ramada by Wyndham Ranchi Bariatu Road, a premium new addition to the city's hospitality landscape, located in the upscale Rameshwaram Colony on Bariatu Road. This launch marks a significant milestone in Ranchi's evolution as a growing hub for both business and leisure travel. The contemporary hotel features 66 well-appointed guest rooms, thoughtfully designed to offer a blend of comfort, convenience, and modern amenities for discerning travelers. The hotel also offers various recreational activities such as indoor heated swimming pool, card room, kids play area and gaming zone, discotheque. Strategically positioned near Ranchi's key medical, educational, and commercial centers, including Rajendra Institute of Medical Sciences (RIMS), Tagore Hill, Rock Garden, and Kanke Dam, the hotel also provides easy access to Birsa Munda Airport and Ranchi Railway Station. Hotel website
Yahoo
3 days ago
- Business
- Yahoo
SPIRE continues to grow
HARPERSFIELD TOWNSHIP — The growth of SPIRE Academy continues in a variety of ways as more students are coming to the area and more businesses continue to open in the area. SPIRE Academy Chief Executive Officer Steve Sanders said enrollment for the recently completed school year was around 200 students and is projected to be 250-265 next year. He said the day-school program also is growing, with 15 students planning to come to the academy daily next fall. The construction of dormitories the last several years will be put on hold for a year, Sanders said. 'This will probably be the only year [dormitories aren't built],' Sanders said. He said the academy's credentialing process will likely be finalized in the next month, as well. A new traffic light at the northern entrance to SPIRE on Route 534 is in the final stages of approval from the Ohio Department of Transportation, Sanders said. He said the timing of the placement of the light is still being finalized. Several new businesses are on the horizon as well, Sanders said. He said a new Chipotle is planned for the area most recently occupied by Popp-a-razzi, which has moved to downtown Geneva. The building will be demolished and the construction of the restaurant will begin, Sanders said. A piece of property south of the Farmer Butcher Chef restaurant will likely become a Sheetz gas station and convenience store, Sanders said. The former Motel 6 on the west side of Route 534 is scheduled to be renovated into a Wyndham property in three to four months, Sanders said. The SPIRE Academy summer camp season is about to get started as well. 'This will be our biggest,' Sanders said. He said there were 1,850 campers last year, in many different sports, and will likely be around 2,000 this year. The SPIRE Academy basketball team recruiting class is growing as well, Sanders said. 'We are projecting a national-class team in year one,' he said. Sanders said there are already five Division I, potential NBA players, committed with several more likely to follow. The academy's running program is also moving ahead. Sanders said numerous athletes had national success this year, and many have signed with college programs. The academy is expanding into cross country, and creating a new course. He said land east of the present track and field building is being cleared for a new cross country course.
Yahoo
3 days ago
- Business
- Yahoo
SPIRE continues to grow
HARPERSFIELD TOWNSHIP — The growth of SPIRE Academy continues in a variety of ways as more students are coming to the area and more businesses continue to open in the area. SPIRE Academy Chief Executive Officer Steve Sanders said enrollment for the recently completed school year was around 200 students and is projected to be 250-265 next year. He said the day-school program also is growing, with 15 students planning to come to the academy daily next fall. The construction of dormitories the last several years will be put on hold for a year, Sanders said. 'This will probably be the only year [dormitories aren't built],' Sanders said. He said the academy's credentialing process will likely be finalized in the next month, as well. A new traffic light at the northern entrance to SPIRE on Route 534 is in the final stages of approval from the Ohio Department of Transportation, Sanders said. He said the timing of the placement of the light is still being finalized. Several new businesses are on the horizon as well, Sanders said. He said a new Chipotle is planned for the area most recently occupied by Popp-a-razzi, which has moved to downtown Geneva. The building will be demolished and the construction of the restaurant will begin, Sanders said. A piece of property south of the Farmer Butcher Chef restaurant will likely become a Sheetz gas station and convenience store, Sanders said. The former Motel 6 on the west side of Route 534 is scheduled to be renovated into a Wyndham property in three to four months, Sanders said. The SPIRE Academy summer camp season is about to get started as well. 'This will be our biggest,' Sanders said. He said there were 1,850 campers last year, in many different sports, and will likely be around 2,000 this year. The SPIRE Academy basketball team recruiting class is growing as well, Sanders said. 'We are projecting a national-class team in year one,' he said. Sanders said there are already five Division I, potential NBA players, committed with several more likely to follow. The academy's running program is also moving ahead. Sanders said numerous athletes had national success this year, and many have signed with college programs. The academy is expanding into cross country, and creating a new course. He said land east of the present track and field building is being cleared for a new cross country course.
The Independent
4 days ago
- Business
- The Independent
The best budget European city break destinations for 2025
With 44 countries to choose from, our European neighbours offer endless city break possibilities, from classic capitals to smaller, lesser-known destinations. And, in amongst sky-high prices in Swiss hotspots and the sparkling cities of the South of France, there are plenty of affordable options where accommodation, transport and activities don't have to cost an arm and a leg. As the UK tightens its collective belt on holiday spending, many travellers are looking to save on their next trip. Tourists after a quick escape from everyday life without breaking the bank can look across the Channel for inspiration, with a two or three-night urban escape. Here's our pick of budget-friendly, bucket-list city break destinations in Europe to consider visiting this year. Krakow, Poland Poland 's second-largest city makes for a great value weekend away. In Krakow's market square and its surrounding roads, quick bites, including pierogi dumplings and Polish beers can still be purchased for just a few pounds. Top attractions such as St Mary's Basilica, the Wieliczka Salt Mine and The Cloth Hall are also free or affordable to visit. Where to stay Vienna House Easy by Wyndham Cracow is a functional three-star hotel located within walking distance of Krakow Market Square and Kraków Główny Railway Station. Bucharest, Romania Bucharest, the capital and cultural hub of Romania, offers cheap, direct flights and bargain accommodation for far less than the likes of Paris and Rome. Notable highlights include the Palace of the Parliament government building, a landmark of the communist era. Many traditional Romanian meals, such as ciorba de burta and sarmale, are also locally produced, keeping eating out costs down. Budget Hello Hotels offers buffet breakfasts and standard double rooms just a three-minute walk from the Gara de Nord train station. Sofia, Bulgaria Built atop Roman ruins and overlooked by Vitosha mountain, the Bulgarian capital Sofia has everything from hot springs to hiking, ancient art and a magnificent Orthodox cathedral. Expect to spend no more than £10 on several shots of rakia fruit brandy before participating in the lively nightlife of this budget-friendly Balkan city. Generaator Sofia is centrally located with ensuite doubles, ski equipment hire and an outdoor seating area. Athens, Greece The Greek capital makes for a surprisingly affordable few days away. In stark contrast to Mykonos and Santorini, where a 'beach snack' has been known to go for £500, Athens has a history you can explore with a €2 gyro in hand. Most budget hotels have views of the Acropolis from rooftop terraces and bars, meaning you aren't losing out on experiencing Greek mythology first-hand by spending less on accommodation. Where to stay The Foundry Suites in downtown Athens has 12 spacious lofts, stocked minibars and a buzzy rooftop garden. Lisbon, Portugal Penny-save in Portugal 's coastal capital by travelling by tram or walking the hilly terrain on the hunt for the best budget pastel de nata and carafes of wine. In the right taverna, a pint will only set you back one to two pounds. With affordable accommodation, free hikes and the buzzing Time Out food market, Lisbon is a lot more wallet-friendly than other European capitals. Where to stay Stay at Mama Shelter Lisboa for a central location, eclectic furnishings and a lively rooftop bar. Prague, Czech Republic With crisscrossing bridges, an Old Town Square and gothic buildings, Prague promises architecture, culture, history and a decently priced pint. Even with flights and accommodation, it's easy to find a weekend break to the baroque Czech city for under £250pp when travelling outside peak season. The Prague Visitor Pass can also bag you discounted admission to attractions such as Prague Castle and the Petřín Tower. Where to stay The elegant Don Giovanni Hotel Prague hosts daily piano concerts and welcome drinks for a taste of affordable luxury. Toledo, Spain The former capital of the Spanish Empire, Toledo, is a walled ancient city in central Spain known for its gothic cathedral, Unesco World Heritage quarter and rich cultural heritage. Explore the winding streets on foot to try local specialities marzipan, carcamusas pork and Manchego cheese, and spend a fraction of the money you'd shell out on a trip to Barcelona. Where to stay Hotel Carlos V sits on the doorstep of Toledo's cathedral and the Alcázar Fortress. Rooms feature views of the World Heritage quarter.
