The Blue Swan Daily brings you the first of this week’s round up of some of the latest accommodation news from across the globe.
- Radisson Blu expands in the Dominican Republic with Radisson Blu Resort & Residences, Punta Cana signing
- Choice Hotels boosts the benefits of its Choice Privileges loyalty programme
- US lodging industry will benefit from a relatively rapid economic turnaround, but RevPAR and ADR may not recover until 2023 and 2024, respectively
- Data metrics – latest performance insights from STR
- News briefs – bitesize updates of latest industry news and developments
Radisson Blu expands in the Dominican Republic with Radisson Blu Resort & Residences, Punta Cana signing
Radisson Hotel Group has announced the signing of Radisson Blu Resort & Residences, Punta Cana in the Dominican Republic. Located on the beach of Cabeza de Toro, the resort will be just ten minutes from downtown Punta Cana and Punta Cana International Airport and is located close to many of the destinations major attractions. Prior to opening its doors as a Radisson Blu in 4Q 2020, the existing property is undergoing an extensive renovation to offer 164 suites that are distributed among twelve buildings.
Choice Hotels boosts the benefits of its Choice Privileges loyalty programme
Choice Hotels International has revealed a series of enhancements to expand the benefits of its Choice Privileges loyalty programme for its more than 45 million members. These updates reflect Choice’s “ongoing commitment to its guests, loyalty members and franchisees, as the company continues to evaluate ways to best serve them amid the Covid-19 pandemic,” it explains. Building on the programme’s existing features the updates provide members with the flexibility to use their benefits as soon as they are ready to travel. These include pausing the expiration of loyalty points until 31-Dec-2020 and reducing the number of nights members are required to stay in 2020 to qualify for elite status in 2021 – from ten to seven for Gold, from 20 to 15 for Platinum, and 40 to 25 for Diamond.
US lodging industry will benefit from a relatively rapid economic turnaround, but RevPAR and ADR may not recover until 2023 and 2024, respectively
After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022, according to the Jun-2020 edition of CBRE’s Hotel Horizons forecast report. The real estate services specialist foresees demand for US lodging accommodations returning to pre-crisis levels in the third quarter of 2022. However, a lag in ADR (average daily rate) growth will stall the recovery in RevPAR (revenue per available room) until 2023 and ADR into 2024. US hotel occupancy levels are projected by CBRE to decline as low as 26.2% during 2Q 2020. CBRE forecasts an annual occupancy level of 41% for the full year with luxury hotels experiencing the lowest level at 33.4%. Conversely, economy hotels are projected to achieve the highest annual occupancy level, at 46.4%. The significant decrease in occupancy, combined with a forecast 22.5% drop in ADR for the year, results in a projected decline in RevPAR of 51.9% in 2020. Looking forward, CBRE sees US RevPAR surpassing its 2019 level in 2023 fuelled by the rise in demand and occupancy. ADR, on the other hand, will lag in its recovery until 2024.
Data metrics – latest performance insights from STR
- Canada’s hotel industry recorded steep year-over-year declines in the three key performance metrics during the week commencing 10-May-2020. In comparison with the week commencing 12-May-2019, occupancy declined -72.5% to 18.4%, ADR fell -38.8% to CAD101.70 and RevPAR was down -83.2% to CAD18.75. Among the major markets, Calgary saw the largest drop in occupancy (-82.1% to 10.4%), Montreal registered the steepest decline in ADR (-51.9% to CAD94.90) and one of the largest decreases in RevPAR (-90.1% to CAD16.74), the latter of which was matched by Toronto.
- Latest data shows continued modest gains in United States of America hotel performance compared with previous weeks, but year-on-year declines remain significant although not as severe as the levels recorded in Apr-2020. Comparing the week commencing 10-May-2020 with the week commencing 12-May-2019, occupancy was down -54.1% to 32.4% (compares with 30.1% the previous week), ADR declined -42.4% to USD77.55 and RevPAR fell -73.6% to USD25.12. Boston, Massachusetts, posted the largest decline in ADR (-64.6% to USD87.49). Absolute occupancy in New York was 43.6%, basically flat from the previous week (43.7%), while in Seattle it was 27.6%, up from 24.8% the week prior.
- The American Hotel & Lodging Association has released a ‘Roadmap to Recovery’ calling on US Congress to prioritise relief for hotel workers and small businesses in its next stimulus package. The April Jobs Report showed the hospitality and leisure industry has been the hardest hit, losing 7.7 million jobs – nearly as many jobs as the next four sectors combined.
- Anantara has announced the extension of its recently launched ‘Stay with Peace of Mind’ programme to include MICE facilities. To ensure guest and meeting delegate confidence, Anantara says it will be implementing stringent new health and hygiene measures, with enhanced levels of sanitation extending throughout the hotels’ meeting, events and conference spaces and focusing on wellbeing for guests and team members, launching at its Anantara Siam Bangkok Hotel in Thailand.
- Club Med, the all-inclusive resort concept, has announced the development of ‘Safe Together’ its new hygiene and safety protocols that will be implemented in all of the brand’s international resorts. It has confirmed that Club Med Sandpiper Bay in Port St. Lucie will be the first of its North American resorts to welcome back guests with a12-Jun-2020 reopening.
- Dream Hotel Group has agreed a partnership with real estate development group Los Amigos to operate three new properties in Tulum, Mexico. All three projects will fall under the company’s new By Dream Hotel Group lifestyle brand and mark the group’s third, fourth and fifth locations in the Riviera Maya for a total of eight hotels in Mexico. The three new locations – one beachfront hotel and two condo-hotels – will be branded as Central Park Lagunas by Dream Hotel Group Tulum, Central Park Rios by Dream Hotel Group Tulum and The Beach Club by Dream Hotel Group Tulum and will offer a total of up to 217 rooms.
- Fairmont Hotels & Resorts in Canada’s Western Mountain Region – Banff, Lake Louise, Jasper, and Whistler – announced that the hotels will reopen their doors to guests and visitors on 01-Jun-2020. This includes guest services, select food and beverage venues, and golf courses, as well as limited spa services.
- Greece‘s government aims to open borders for travellers from the EU, Schengen zone and Israel by 01-Jul-2020. The opening of borders reportedly includes the resumption of seasonal hotel businesses by 15-Jun-2020.
- New research from Kalibri Labs evaluating US hotel performance highlights that extended stay hotel RevPAR performed 14.4% better than the non-extended stay hotels during the first full month of Covid-19’s impact on the nation’s hotels in Mar-2020. This , its acknowledges, is the only month in the last five years that this has occurred. Lower tier extended stay hotels specifically drove this resiliency.
- OTO Development has confirmed the opening of the Residence Inn by Marriott Long Island Garden City. The all-new hotel, located at the doorstep of Roosevelt Field, features 163 studio and one-bedroom suites perfect for stays on Long Island. The hotel is the only Residence Inn in Nassau County and the first hotel to open in Garden City since 1983.
- Velas Resorts in Mexico has launched a ‘Stay Safe with Velas’ programme which covers seven categories including general health and sanitary measures, special protocols for guests and staff members, public areas, housekeeping, transportation and security, and food and beverage. It adheres to standards dictated by the World Health Organization and the government of Mexico.