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News in brief: Melia, Dusit, American Hotel Income Properties

Melia Cuba: Melia Hotels International signed a contract for managing the Gran Hotel, Colón Hotel and Camagüey Hotel, three iconic facilities in Camagüey. 

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Dusit: Dusit International signed a management agreement with Anhui Wanfo Lake Jinlong Bay Tourism Development Company Limited to manage Dusit Thani Hot Springs Resort Wanfo Lake, the first internationally branded luxury resort in Wanfo Lake, an eco-tourism development zone near Hefei, the capital city of Anhui Province, eastern China. Additionally, Dusit signed a deal with Gokongwei-led Robinsons Land Corp. to open a 271-room beachfront luxury hotel-resort at the northern peninsula of Mactan, Island in Cebu by 2019. Dusit Thani Resort Mactan Cebu Resort will be the third property in the Philippines to carry the Thai brand after Dusit Thani Manila in Makati and the Dusit Hospitality Management College which will open in BGC next year.

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American Hotel Income Properties acquisition: American Hotel Income Properties REIT LP completed its acquisition of a portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for approximately US$407.4 million, including brand-mandated property improvement plans.

 


Palladium Royal Suites rebrand: Palladium Hotels & Resorts is rebranding its adults-only luxury resorts known as The Royal Suites by Palladium and changing to TRS Hotels. The rebrand includes a fresh and elegant look on the property as well as an updated marketing campaign and logo.

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CHTA on U.S. Cuba policy: The Caribbean Hotel and Tourism Association says it regrets the recent U.S. reversal of its travel policies on Cuba and the likely effects on the socio-economic development of Cuba and the wider Caribbean region. The Association continues to support the ending of the U.S.-Cuba embargo and its restrictions on trade and travel, and encourages Cuba’s active engagement in regional economic development. CHTA concludes that the announced policy changes could stall or altogether reverse the heartening progress made in recent years.

 


Dorchester promotion: Dorchester Collection promoted Eugenio Pirri to the position of chief people and culture officer. Eugenio Pirri joined Dorchester Collection as vice president, people and organizational development in 2011. Priorto that, he was regional human resources director of The Savoy and Fairmont Hotels and Resorts, Europe.

 


STR data, Europe: The hotel industry in Europe reported positive results in the three key performance metrics during May 2017, according to data from STR.

In Belgium, May marked the third-straight month with double-digit RevPAR growth in the country. Performance recovery has been evident since November 2016 when Belgium broke a streak of eight-consecutive months with double-digit declines that followed the March 2016 terror attack in Brussels. Returning demand levels have coupled with a low rate of supply growth to push performance up considerably. Brussels, which tends to be a corporate-driven market, reports its highest performance levels on Tuesdays and Wednesdays, and May was no different.

In Italy, this was the country’s lowest year-over-year increase in RevPAR since the beginning of the year. In terms of actual occupancy, however, this was the highest level for the month of May since 2001. Several Italian hotel markets benefitted from hosting events in May, including Verona (RevPAR +62%), which hosted a series of concerts, Bologna (RevPAR +38.5%), which hosted the annual AIC dental congress, and Venice (RevPAR +21.0%), which hosted the Biennale Arte international exhibition. In Sofia, Bulgaria, May was the eighth month in a row with double-digit RevPAR growth in the market and hotelier pricing power was helped by a second-consecutive month with flat supply. Year to date, RevPAR has grown 19.4% in Sofia. 

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