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October 4, 2019

Any concern over a weakening U.S. economy has not yet infiltrated U.S. hotel industry profits.

GOPPAR increased 1.4% year-over year in August, matching RevPAR growth, which also clocked in with a positive 1.4% gain, according to monthly data from HotStats.

August continued a streak of GOPPAR growth in 2019, with the only negative blip coming in April, when GOPPAR was down 4.5% YOY.

Despite a YOY increase, the $76.95 GOPPAR was 24% below the year-to-date average of $101.21.

While RevPAR was up for the month, occupancy was down 0.2 percentage points, but bolstered by a 1.7% gain in average room rate.

Total revenue per available room was up 2.2% for the month. Profit conversion came in at 32.8% of total revenue in August, negatively affected by a 3.4% YOY increase in payroll on a per-available-room basis.

Profit & Loss Key Performance Indicators – U.S. (in USD)

KPI August 2019 v. August 2018
RevPAR +1.4% to $154.89
TRevPAR +2.2% to $234.41
Payroll +3.4% to $90.29
GOPPAR +1.4% to $76.95

“U.S. hoteliers continue to drive profits despite contending with monthly rises in expenses,” said David Eisen, Director of Hotel Intelligence, Americas, HotStats. “With costs including labor and A&G rising in August at a rate higher than RevPAR, it’s become even more critical that costs are flexed in order to maintain profit levels.”

In New York, occupancy, room rate, RevPAR and TRevPAR were all up YOY, but it still translated into a 6.0% drop in GOPPAR, as labor costs jumped a precipitous 10.5% YOY in the month.

While demand for New York hotels consistently translates into some of the highest occupancy rates and room rates in the U.S., the city is invariably besieged by rises in hotel supply. According to Lodging Econometrics, 65 new hotels/9,396 rooms will open in the city in 2019.

With more than 65 million visitors annually, the leisure segment makes a significant contribution to accommodation demand for hotels in New York and comprised more than 43% of total demand in August.

Profit & Loss Key Performance Indicators – New York City (in USD)

KPI August 2019 v. August 2018
RevPAR +3.5% to $263.37
TRevPAR +4.6% to $342.44
Payroll +10.5% to $188.01
GOPPAR -6.0% to $70.53

In contrast to the challenges in the Big Apple, it was a positive month of profit performance for hotels in Houston, which came despite recording a 1.2% YOY decline in RevPAR to $80.99.

Some of the RevPAR losses were recouped by hoteliers recording an increase in ancillary revenues, which were led by a 2.9% increase in food & beverage, and tempered the 0.8% decline in TRevPAR to $116.17. August is historically the lowest TRevPAR month in Houston.

However, cost savings in payroll (down 0.3%) and overheads (down 7.9%) helped hotels in the city record a 16.4% YOY increase in profit per room. 

Profit & Loss Key Performance Indicators – Houston (in USD)

KPI August 2019 v. August 2018
RevPAR -1.2% to $80.99
TRevPAR -0.8% to $116.17
Payroll -0.3% to $46.92
GOPPAR +16.4% to $31.46 
 
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3, October 2019 (Ottawa, Ontario Canada) – IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, celebrates the rebranding and recent opening of the Holiday Inn Ottawa Downtown – Parliament Hill  hotel with a grand opening celebration. The grand opening was celebrated by the owners at Westlight Investments Limited Partnerships, Salim Mukadam of Westmont Hospitality Group, along with notable members of the community, including Ottawa Mayor Jim Watson. The hotel is expected to become a top choice for travellers visiting the nation’s capital.

Jonathan Lund, Regional Vice President Hotel Operations, Canada said: “With over 50 Holiday Inn properties across Canada, we’re excited to add the Holiday Inn Ottawa Dwtn – Parliament Hill hotel to our growing roster of great hotels. With this rebranding and reopening, we’re helping to service the increasing market need for upper-midscale hotels that cater to both leisure and business travelers.”

There are currently eight IHG brand hotels in the Ottawa region, and the area at large is showing a strong appetite for these types of properties.

The Holiday Inn® Ottawa Dwtn – Parliament Hill hotel, is located at 402 Queen St., is owned by Westlight Investments Limited Partnerships and managed by Westmont Hospitality Group under a license agreement with IHG. The hotel has recently completed a full renovation to the Holiday Inn brand’s new H4 design concept.

Walking distance to Canada’s historic Parliament Hill and offering such business conveniences as onsite meeting rooms and a business centre, Holiday Inn® Ottawa Dwtn – Parliament Hill provides a flawless guest experience.  Amenities include Keurig® brewer in every room, fitness centre, onsite restaurant, Gibson’s on Queen and pets are welcome. The property also features IHG® Connect, providing a seamless Internet experience for guests, with a faster and more reliable Wi-Fi connection. With IHG® Connect, IHG Rewards Club members will be able to walk into any IHG Connect-enabled hotel and access Wi-Fi by entering their Rewards Club credentials and then be automatically recognized in future visits.

Peter K. Wilson, General Manager, Holiday Inn Ottawa Dwtn – Parliament Hill said: “We look forward to offering our guests an enhanced stay experience while we continue to offer exceptional levels of customer service. Our Guest rooms have been renovated and feature a bold, modern look and amenities for today’s traveler.”

The hotel has two meetings rooms totaling 1,000 square feet that can accommodate 80 guests standing. Onsite catering is available for meeting rooms via the hotel’s restaurant, Gibson’s on Queen.

 
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Columbus, OH – September 12, 2019 – Red Roof® has announced that Greg Aden is expanding his role with Red Roof and will be joining the team as Consultant, Franchise Development, West Coast and will be leading franchise development for the Western United States. Greg brings more than 30 years of hospitality experience plus financial services knowledge and leadership coaching to the organization.

Greg is a former Vice President of Franchise Development-Western US with IHG where he led strategic franchise development for five globally recognized brands and provided mentoring and leadership for seven regional directors. At IHG, Greg was recognized as the most prolific franchise development person in company history, setting sales records as he provided top-level client service and created genuine franchisee relationships.

Greg owns Aden Leadership, a coaching and consulting firm focused on guiding top performers and leaders to create a positive impact in the world of development and leadership. Using an authentic language and behavioral approach, Greg’s coaching incorporates transformational methods to help his clients find their true sense of purpose and perform at their highest and best selves. 

Greg is based in Denver, Colorado where he enjoys life with his two boys, Brooks and Jackson. 

 
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VISIONARIES AND COMMUNITY LEADERS UNITE FOR FIRST-EVER SUSTAINABLE HOSPITALITY SYMPOSIUM IN MONTEREY

 

Congressman Jimmy Panetta, Allison Gosselin of Aramark Leisure Services and                  

 

Former President José María Figueres Olsen of Costa Rica Announced as Speakers

 

 

 

MONTEREY, Calif., February 6, 2017 - From the world-renowned Monterey Bay Aquarium to a hotel industry that has garnered numerous accolades, Monterey County has long set the bar for sustainable business practices and standards. As the region continues to be at the forefront of the sustainable movement, more than two dozen community leaders and visionaries along with an audience of public officials, public policy experts, hospitality and tourism professionals, hospitality developers and contractors and hospitality educators are gathering for the first-ever Sustainable Hospitality Symposium on Thursday, February 23, 2017.

 

 

 

The Sustainable Hospitality Management program at CSUMB has partnered with the Monterey Bay Aquarium, the Monterey County Convention and Visitors Bureau, the Monterey County Hospitality Association, the Fort Ord Reuse Authority, the Monterey County Workforce Investment Board, the Santa Cruz County Economic Development Agency, local cities and firms as well as the Government of Costa Rica to host this momentous event.  CSUMB is also thrilled to announce that Congressman Jimmy Panetta, who was recently selected to serve on the House Committee on Natural Resources' Subcommittee on Water, Power and Oceans and the Subcommittee on Federal Lands, will be joining the list of notable speakers.

 

 

 

"The Sustainability Symposium is bringing together the creme-de-la-creme of policy-makers, public officials, hospitality leaders, green developers and builders as well as educators from Costa Rica and the United States. The goal is to shape the future of the Monterey Bay region as the leading sustainable hospitality, eco-tourism and eco-recreation region in the country," says Shyam Kamath, Dean of the College of Business at California State University, Monterey Bay (CSUMB).

 

 

 

Costa Rica is a world leading country in sustainable hospitality and eco-tourism. Former President José María Figueres Olsen was the primary architect and public official who pioneered the country's sustainable hospitality development and ecotourism strategy. President Figueres will keynote the symposium with a team of leading sustainable hospitality CEOs and the Minister of Tourism from Costa Rica.

 

 

 

Allison Gosselin, Director of Engineering and Sustainability at Aramark Leisure Services, is confirmed as Keynote Speaker; and Julie Packard of the Monterey Bay Aquarium will also address attendees at the reception. Leaders will be discussing topics such as sustainable hospitality, eco-tourism, eco-recreation development and opportunities as well as attracting sustainable investment and public-private partnerships to Monterey County.

 

 

 

"At Aramark, a deep commitment to reducing our environmental footprint is a driving factor in our management of Asilomar Conference Grounds, and we've made significant strides in water and waste management," says Gosselin. "The symposium presents a great opportunity to learn from other environmental leaders and discover new ways for Aramark to continue to make an impact."

 

Additional speakers include: President Eduardo Ochoa, Dean Shyam Kamath and Sustainable Hospitality Management Program Executive Director John Avella of CSUMB; Ted Balestreri, CEO of Cannery Row Company; Costa Rican hospitality firm CEOs Alfonso Gómez, Jose Alvaro Jenkins, Karin Zurcher and Roberto Fernández along with Tourism Minister Mauricio Ventura of the Government of Costa Rica; John Laird, California Secretary of Natural Resources; Cody Plott, COO of the Pebble Beach Company; Kurt Gollnick, COO of Scheid Vineyards; Margaret Spring, Vice President of Conservation and Science and Chief Conservation Officer of the Monterey Bay Aquarium; Assemblywoman Anna Caballero; Supervisor Jane Parker of Monterey County;  Janine Chicourrat, General Manager of the Portola Hotel & Spa; Tammy Blount, President & CEO of the Monterey County Convention and Visitors Bureau; Teresa Matsui, CEO of Matsui Nursery; and Tejal Sood, CEO of Bayside Resorts in Santa Cruz.

 

"Monterey County's values in practices and development are key to our strength as a sustainable destination and make us the perfect place to hold this symposium to ensure our continued leadership in this arena," says Blount.

 

 The Sustainable Hospitality Symposium will be held on Thursday, February 23, 2017, at the InterContinental The Clement Monterey from 8am - 4pm. For more information, please visit: csumb.edu/green <http://csumb.edu/green> .

 

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