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Articles by Rachel Mammen
RobertDouglas Advises Chartres Lodging Group on the Refinancing of Dr. Wilkinson’s Backyard Resort & Mineral Springs in Calistoga, Napa County
San Francisco – RobertDouglas advised Chartres Lodging Group in successfully refinancing its existing loan for the recently renovated, 50-key room Dr. Wilkinson’s Backyard Resort & Mineral Springs in Calistoga, California with a best-in-class institutional balance sheet lender. The Property is located in the heart of Napa Valley wine country, just steps away from boutique shops, art galleries, exceptional fine dining and eateries, and an abundance of winery tasting rooms in Downtown Calistoga.
How have past Sargassum blooms affected hotel performance?
The upcoming summer travel season is an especially important one for the Caribbean and Mexico hotel industries. While performance recovery has ramped up as 2022 has progressed, this summer will be the first of the pandemic-era with travel restrictions lifted in many of the Caribbean’s tourism source markets as well as in key islands in the region. Mexico has been further along in recovery, which has expectations for the summer even higher.
STR: Estonian Hotels’ Recovery Lag and Hotel Development
Tallinn is the cultural and archeological hotspot in Estonia. Estonia shares a 180 mile border with Russia (Estonian Prime Minister Kaja Kallas on war in Ukraine and the Russian threat | PBS NewsHour). Russia’s invasion of Ukraine has impacted Estonia’s economy through supply difficulties and higher inflation. Estonia has donated one-third of its military budget to Ukraine. Additionally, the country has welcomed around 40,000 Ukrainian refugees since February 2022.
Hotel demand races upwards around Formula 1 events
STR 4 min read26 April 2022 Formula 1 has an ever-growing fan base, including many hoteliers who are currently witnessing a surge in occupancy on the books because of an upcoming Grand Prix in their city. Utilizing STR’s Forward STAR, we review five markets set to host a race over the course of this year, including Miami, one of our newest Forward STAR markets in North America. Through STR’s historical database, we also look at the actualized impact from a recent F1 event in Australia.
Belfast seeing a surge in spring and summer bookings
As 2022 moves further into spring and the summer months draw nearer, many markets around the world are seeing pent-up travel demand bolstering their hotel occupancy on the books. A good example can be found in Belfast, where the growing desire to travel and a variety of big-name events are leading to a positive performance outlook for hotels in Northern Ireland’s capital. This latest update from STR’s Forward STAR shows the many ups Belfast hoteliers can expect in the next year.
Laos Pipeline Increases, but Occupancy Still Lags 2019 Levels as per STR
Photo: Depositphotos Laos is becoming an increasingly important part of the tourism and transport chain in south-east Asia and should aim to become a tourist destination unlike any other. Lao National Tourism Administration (LNTA) predicted that Laos will have 4.1 million tourists by 2020 however the tourists volume was down with 886K in 2020. Laos government closed international borders in April 2020 due to the pandemic, and tourism is negatively impacted until today.
Hotel bookings continue to grow in anticipation of Commonwealth Games in Birmingham
Late last year, STR’s initial analysis of the upcoming Commonwealth Games showed the early event impact on hotel occupancy on the books and pickup in Birmingham, England. This latest update with Forward STAR data shows an even further uptake in hotel booking levels now four months out from the arrival of the games.
HVS Las Vegas Casino and Hotel Market Outlook 2022
The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%.
YHS announces 2022 virtual summit theme and starts ticket sales
The Young Hoteliers Summit (YHS) will take place online from the 7th to the 9th of March 2022. As the largest student-run hospitality summit worldwide, YHS’ objective is to engage hospitality experts, media partners, and student delegates from the most prestigious hospitality institutions in insightful discussions on the industry’s latestissues. To tackle the most relevant industry topics, the summit focuses on a different theme every year.
California Lodging Investment Conference [CLIC] Announces Final Speakers and Additional Sponsors & Exhibitors for 2022 Event
Officials of the California Lodging Investment Conference [CLIC], the only hospitality conference focused on the California hotel market, today released its final slate of speakers and updated its sponsor and exhibitor lists. Scheduled for March 10 at the JW Marriott Anaheim Resort, the one-day event is expected to draw approximately 300 attendees, including representatives from 11 brands, six lenders and other third-party hotel professionals.
Boston University SHA Hospitality Leadership Summit Highlights Innovation For The Future Of Hospitality
Boston University School of Hospitality Administration (BU SHA) is proud to announce that its annual Hospitality Leadership Summit will take place in-person on Friday, April 1, 2022, at the Hotel Commonwealth in Boston. The Hospitality Leadership Summit brings together students, alumni, faculty, and the community to hear from world-renowned industry leaders on topics and trends shaping the future of the business.
Virtual ITB Berlin Convention 2022: More leading speakers and panels announced
ITB Berlin Convention from 8 to 10 March 2022 – Three days, three forward-looking topics: Resilience, digitalisation and sustainability are key themes – Convention slogan: ’Open for Digital, Responsible & Resilient Solutions’ – The programme is available online at itb.com/convention From 8 to 10 March 2022 the virtual ITB Berlin Convention will be gathering renowned speakers from all parts of the industry.
Travel and Covid Rebounds
It seems as if the future of travel has become dependent on pandemic trends. Over the last two years, changes in the travel and tourism industry have primarily been Covid-focused, with new attention being paid to remote variables and contactless benefits. The constant cycle of lockdowns and reopening has become a recurring theme as we enter another post-Covid situation as the Omicron variant becomes less of a factor.
Two Major Events Which Impacted The Hotel Industry in Salt Lake City-Utah
There are two major events which have impacted the hotel industry in Salt Lake City, Utah, and the ongoing Covid-19 pandemic and the 2002 Salt Lake City Winter Olympic. As a result, the Event Impact Analysis of Salt Lake City has some unique findings. Salt Lake, is the most populous county in the state of Utah, is currently in high level of coronavirus transmission. Hotels are open and are required to follow state and county health guidelines.
Pandemic Impact Severe On Moroccan’s Hotel Industry | By Rachel Mammen – Hospitality Net
Morocco is located in North Africa, a lot of its country depends on tourism, and it is the second or third largest industry in Morocco. There are 585 hotel properties in Morocco participating in the Smith Travel Research (STR) data. Oriental Bay Beach Golf & Spa Resort Saidia is the largest hotel in Morocco with 614 rooms followed by Mogador Palace Agdal Marrakech with 610 rooms.
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