Airbnb willing to ‘crack down’ in NYC: With the clock ticking on a bill on the New York governor’s desk that imposes steep fine on anyone who rents out an entire apartment on Airbnb for fewer than 30 days, The New York Times reported Wednesday that the leader in shared economy accommodation rentals is was willing to crack down on individuals in New York City who rent out multiple homes. It also said it is willing to create a registry of hosts to make it easier for the state to enforce housing rules and that it would create a hotline for neighbors’ complaints. Airbnb would also bar hosts who violated local regulations three times and has already taken 3,000 operators off its service.
Read more at The New York Times
IHG’s Q3 trading update: IHG’s Q3 Trading Update reported that global RevPAR was up 1.3%, with Americas RevPAR up 1.9%. U.S. RevPAR was up 1.4% and Canada reported a 6.7% increase in RevPAR.
Atelier de Hoteles to invest in Mexico: Atelier de Hoteles announced an investment of US$700 million in Mexico, with a plan to opened 5,000 guestrooms over 20 hotels. The business plan also will create 10,000 direct jobs during the next five years across Mexico.
Crown Resorts to spin off hotel business: James Packer will spin off a minority stake in several of his Australian hotels and retail properties, as his casino empire goes into damage control. The potential IPO of a 49% stake in the hotels and retail properties is likely to include the Crown Promenade hotels and the Crown Metropol hotels.
Another Place plans six hotels: Another Place will launch in the UK next year. The collection’s first hotel, Another Place, The Lake, is set to open in Ullswater, Cumbria, next August and will include family suites, dog-friendly rooms and other “contemporary spaces.”
Revenue loss during Hurricane Matthew: STR reports that Florida, Georgia, North Carolina, South Carolina and Virginia experienced a net hotel room revenue loss of approximately US$50 million as a result of Hurricane Matthew. The major markets most affected were Orlando, Florida (down US$14.5 million); Miami/Hialeah, Florida (down US$13.6 million); and Charleston, South Carolina (down US$9.6 million).