Monday, 03 August 2015

Marriott net income increases 25 percent

Marriott net income increases 25 percent

Monday, August 3, 2015 – Marriott International, Inc. reported that net income during the second quarter of 2015 increased by 25 percent year over year. Net income for the second quarter totaled $240 million. “We were pleased with our results in the quarter. Our worldwide RevPAR grew over 5 percent and rooms growth increased more than 6 percent. With many hotels reporting peak occupancy rates, room rates continue to move higher,” Arne M. Sorenson, president and CEO of Marriott International, said. “We opened over 20,000 rooms in the second quarter, including 9,600 rooms in Canada from our acquisition of the Delta Hotels and Resorts
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Industry News

Lexington opens first new-build hotel

Wednesday, July 29, 2015 – Lexington by Vantage announced the opening of the brand’s first new const
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Kana Hotel Group to manage new Embassy Suites in Illinois

Tuesday, July 28, 2015 – Embassy Suites by Hilton announced the opening of its newest upscale property, Em
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North Point sells two Savannah Midtown hotels, plans seven in Historic District

Tuesday, July 28, 2015 – North Point Hospitality Group, Inc., an Atlanta hotel development and operations compa
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India News

GBTA updates forecast to 9.8 percent growth

image Friday, May 29, 2015 - Business travel spend in India will grow 9.8 percent this year, predicts the Global Business T
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Hilton and Room to Read partner to educate girls

image Friday, May 29, 2015 – More girls in India and other Asian nations will have the opportunity to learn to read a
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Brands

IHG launches mobile pilots for guests

Thursday, June 18, 2015 -- InterContinental Hotels Group (IHG) announced Thursday that it is trialing and selectively
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Best Western forges ahead in upper-midscale segment

Thursday, June 18, 2015 -- Best Western International opened six hotels in the U.S. during May – all of which w
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AmericInn Upgrade Investments Paying Dividends

AmericInn, the largest midscale hotel brand in the upper Midwest, reported increased revenues and investments, a
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Trends & Issues

RevPAR has lowest growth since 2013

image Wednesday, July 29, 2015 – During the second quarter of 2015, RevPAR experienced its lowest growth since 2013,
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Orlando hotel market makes comeback

image Wednesday, July 29, 2015 – Orlando is officially the most visited tourist destination in the U.S., reporting mo
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People

Millennial hotelier takes the lead

Mayur Patel is AAHOA 2015 Young Professional Hotelier   Tuesday, July 21, 2015   By Adina S
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H.P. Patel Elected AAHOA Secretary

By Jonathan Springston, AAHOA Lodging Business AAHOA members elected Hitesh “H.P.” Patel of Austin, T
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AAHOA Floridian Earns Community Hotelier Award

Florida businessman and hotelier Paresh “Paz” Patel was awarded P&G Professional's "Communit
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Community

Homewood Suites to ease travel stress for U.S. troops

image Monday, July 20, 2015 – A RELAXING STAY does not always mean a night at a hotel for members of the U.S. militar
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Asks members to follow its example

image Tuesday, May 19, 2015 – IN THE WAKE of the devastating earthquake in Nepal, AAHOA has donated $5,000 to the Ame
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Gallery

Hunter Hotel Investment Conference, March 25-27, 2015, Atlanta, Ga.
Vantage Conference, Dec. 8-10, 2014, Las Vegas, Nev.
AAHOA Gulf Regional, Dec. 2, 2014, Little Rock, Ark.
AAHOA Upper Midwest Regional, Nov. 6, 2014, Schaumburg, Ill.