Distressed deals in hospitality biz on the rise

Owners of hotels and resorts are dialling real estate consultants in desperate efforts to sell their properties amid the demand destruction in the tourism and hospitality industry from the coronavirus pandemic.

These properties, which have gone on sale in the past two months, are valued between ₹50 crores and ₹500 crores each and include some of the top domestic and international hospitality brands.

For More Information Click Below:

www.livemint.com/companies/news/distressed-deals-in-hospitality-biz-on-the-rise-11594254376840.html

download (16).jpg

We are seeing a lot of interest for our premium villas: Shridhar Nair

With Goa hotels opening their doors to customers and new bookings, there seems to be a glimmer of optimism in a corner of the industry in a state which has had a fantastic run when it comes to hospitality.

Amongst the many resorts in India luxury ones, The Leela Goa possibly the highest repeat guest ratio which runs into as high as 36 percent year round, touching 50 percent on some months.

For More Information Click Below:

hospitality.economictimes.indiatimes.com/news/hotels/we-are-seeing-a-lot-of-interest-for-our-premium-villas-shridhar-nair/76794058

download (4).jpg

This swanky new Hotel in Las Vegas is for adults only

We’ve been eagerly awaiting the arrival of the Circa Resort & Casino since the debut property was announced in early 2019.

It’s a new-build, 44-story resort with 777 rooms on Fremont Street in Downtown Las Vegas. Circa is designed for guests ages 21 and over the only playground with a pool amphitheater, where guests can relax in one of six pools on three different levels while gazing up at a 40-foot HD screen. There will also be a “Garage Mahal” — not just a parking garage, but a veritable work of art. 

For More Information Click Below :

thepointsguy.co.uk/news/adults-only-las-vegas-hotel-circa/

download (4).jpg

EIH Hotels Q4 net profit rises 66.46 pc to Rs 33.16 crore

EIH Hotels, which runs a chain of hotels and resorts under the Oberoi brand said its consolidated net profit was at Rs 165.14 crore in 2019-20 as against Rs 148.96 crore in 2018-19 and Consolidated Revenue from operations for FY20 was at Rs 1,596.25 crore as compared to Rs 1810.82 crore in FY19.

The company further said hotels in most locations have been allowed to resume operations effective June 8 with the balance expecting to open by July 1.

For More Details Click Below :

hospitality.economictimes.indiatimes.com/news/hotels/eih-hotels-q4-net-profit-rises-66-46-pc-to-rs-33-16-crore/76656330

download (9).jpg

Tamarack Resort Announces Plan for Phased Reopening Beginning May 16

In accordance with Idaho Rebounds, Gov. Brad Little’s guidelines for opening up Idaho, Tamarack Resort has received approval from Central District Health for its phased reopening beginning on Saturday, May 16.

The phased approach prioritizes the health and safety of employees, guests, and homeowners while resuming dining, lodging, and recreation-based activities.

Starting May 16, Tamarack will resume its dining and lodging services and will also open its meadow hiking and biking trails for complimentary use while encouraging appropriate social distancing. Tamarack’s recently opened retail outlets, including the Clearwater Coffee Shop and Village Market and Deli, will also reopen with enhanced health and safety protocols. Construction on The Village at Tamarack will resume, including real estate tours of the Village residential units and the real estate gallery. Additional activities will resume on the following dates:

  • May 21: Scenic lift rides on Tamarack Express

  • May 22 (Memorial Day Weekend): Waterfront Cabana motorized & non-motorized boat rentals

  • May 28: Lift-served mountain biking (dependent on mid-mountain snow melt)

  • June 6: Tamarack Zipline Tours (dependent on mid-mountain snow melt)

  • Mid-June: Guided whitewater rafting trips on the Cabarton stretch of the North Fork of the Payette River.

For all recreation updates, guests are encouraged to visit TamarackIdaho.com for the latest days and hours of operations, and to pre-book excursions.

Several of Tamarack’s new protocols and procedures across the resort will include:

  • COVID-19 training for employees pursuant to Central District Health (CDH), Centers for Disease Control and Prevention (CDC) and Occupational Safety and Health Administration (OSHA) guidelines

  • All employees will receive daily temperature checks and be provided gloves and masks to wear during interactions with the public

  • Enhanced cleaning and sanitizing of all high-touch surfaces, lodging properties, and recreation equipment

  • Installation of Plexiglass dividers at all point of sale locations

  • Hand sanitizing stations located throughout the resort, including all high traffic areas, elevators, and entry ways to main buildings

  • Signage and markers to support all social distancing guidelines

  • Limiting the number of guests inside dining, reception, and ticket areas

  • Use of one-time menus in dining establishments

  • Use of touchless card readers for transactions

  • Complimentary masks available for all guests who forget to bring their own

    The resort encourages all guests planning to visit Tamarack and surrounding mountain communities in Valley County to respect new protocols in place at local businesses and recreation areas – by continuing social distancing, wearing a mask in public, practicing good hand hygiene, and staying home when feeling sic

images (9).jpg

Tribal Casinos Are Turning to Technology to Protect Employees

 The safety of staff on casino grounds was anything but assured. Just as hotels have struggled with the prevalence of staff-related incidents including, but not limited to, injury, harassment, and assault, bustling casinos have endured the development of similar, concerning trends. Casinos, after all, invite an influx of guests from around the world, with studies showing that 26% of the population gambles along with a 4.1% increase in Indian gaming revenues. As patrons are caught up in games of chance and, subsequently, feel their inhibitions lower with the consumption of alcohol, incidents seem to happen at a higher frequency.

Not Leaving Staff Safety to Chance

Pauma Band of Mission Indians, a tribal casino in San Diego County, came under fire for 'unfair labor practices' when they put a stop to union organization. The organization was in affiliation with Unite Here's work to raise awareness for hospitality staff safety

 "The use of ESD technology has had a very positive impact on how our team members view their personal safety and how grateful they are the company made it a priority to outfit them with these devices before they were even mandated by local jurisdictions. Team Members have used these devices not only when they felt threatened or intimidated by someone but also when they were ill and could not get to a phone to call for assistance. 

With the provision of Bluetooth-enabled staff safety devices, employees are empowered to call for help in the case of an emergency, both on and off property, utilizing their smartphone or a small, standalone device. The distress call promptly transmits the precise location of the employee, sending real-time updates as they move throughout the property after sending the alert. As you might imagine, the adoption of this solution represents a pivotal step for tribal casinos hoping to transform their staff safety practices well into the future.

According to industry veteran, Joel Moore, CRDE, CHE, VP of Hotel Operations at Thunder Valley Casino Resort, "The use of ESD technology has had a very positive impact on how our team members view their personal safety and how grateful they are the company made it a priority to outfit them with these devices before they were even mandated by local jurisdictions.

The First Step Towards a Safer Future for Staff

 The River Rock Casino and Resort in Richmond is one of the first hotels in Canada to adopt the new technology, arming their staff with the React Mobile panic button platform.

River Rock Casino employees are provided a React Mobile standalone LTE device that is easy to use and, more importantly, discreet and easily wearable. If an employee feels threatened or in need of assistance anywhere on the property, they can simply press a button on the device, which will signal for help through a smartphone app and share the employee's location to security services.

In addition to the React Mobile safety system, River Rock has a 24-hour highly-trained security team as well as a state-of-the-art surveillance system.

xxl_153114371.jpg

With emotional ‘farewell’, Maldives’ first resort takes break amidst coronavirus outbreak

The coronavirus pandemic has hit the Maldivian economy hard, as travel restrictions and other preventive measures affect the country’s lucrative tourism industry, which contributes the bulk of the island nation’s state revenue and foreign reserves.

Before the pandemic, the government had been bullish about tourism prospects, targeting two million, high-spending holidaymakers this year after last year’s record 1.7 million.

Tourist arrivals saw a year-over-year decline of 22.8 per cent in the first 10 days of March. With arrival numbers falling, several resorts across the Maldives are being closed.

One notable resort that is suspending its operations is Kurumba Maldives, the very first resort that introduced tourism to the Maldives and whose opening in 1972 kicked off the island nation’s transformation from one of the world’s poorest countries to a world-class holiday destination favoured by the rich and famous.

batch_637vch6hhplpifnqcf3njjolmgyujtx4.jpg

Steven Drewery Named Executive Assistant Manager for the Pan Pacific London Hotel

Pan Pacific London announced the appointment of Steven Drewery as Executive Assistant Manager for Pan Pacific Hotels Group's first London property, opening in Autumn 2020.

Steven joins from The Biltmore Mayfair, where he was an integral part of the pre-opening and operational activity for the first London outpost of Hilton's most upmarket brand, LXR Hotels & Resorts.

In the new Executive Assistant Manager position, he will support Anne Golden, General Manager, on strategic decision making in addition to overseeing all Pan Pacific London's food and beverage operations. A highly established professional within the industry, Steven has an exemplary background in luxury hotel management and F&B operations, which includes positions at JW Marriott Grosvenor House; Fairmont Bab Al Bahr; Giorgio Armani, Ritz-Carlton and Conrad in Tokyo; Swissotel Singapore; and Peninsula Hong Kong.

Set to open its doors in Autumn 2020, Pan Pacific London will be taking reservations from Spring 2020. Located in a mixed-use development at One Bishopsgate Plaza, the City's new landmark tower, the hotel is currently under construction and will provide a new hospitality offering to The City of London. 

14.jpg

How to Get More Bookings With a Full Funnel Marketing Strategy

Whether you’re at a Hotel, Resort, Vacation Rental Management Company or a B&B, getting to full occupancy doesn’t happen overnight. There are thousands of businesses vying for travelers so your business needs to stand out from the rest. With changes to Google, OTA competition, Airbnb, and buyer behavior it can be a challenge to know how to market your property. In today’s travel landscape it’s essential to have a full funnel marketing strategy and be seen from traveler’s first Google search to creating a reservation at your property. This overview of how to get more bookings with a full funnel marketing Strategy will go over:

  • Top of Funnel: Awareness

  • Middle of Funnel: Engagement

  • Bottom of Funnel: Conversion

    Top of Funnel

    Top of funnel marketing involves getting your property found by travelers that are just starting their search. They may be going to Google and searching general keywords such as Wisconsin dells resorts or NY hotels. Others may start their search on an OTA or Metasearch site. These travelers are just starting their search, so how do you stand out from all of the travel businesses and be seen? Here are a few strategies on how to get more bookings by bringing in travelers at the top of the funnel:

    • Travel Blog

    • Paid Search: Top of funnel keywords

    • Marketplace Listings

    Middle of Funnel

    Congratulations! A traveler found your property online. Whether you’re marketing to a traveler who has merely seen your property online or who has booked through you previously they are now in the middle of your marketing funnel. With an average buying cycle of 80 days for travel, it is paramount to stay in front of them. Don’t let them forget about you! Here are some strategies on how to get more bookings by staying in front of travelers for the full buying cycle:

    • Email capture and email marketing

    • Social Media Retargeting Ads

    • Paid Search: Brand Protection

      Bottom of Funnel

      Now the traveler has found you AND is ready to buy! This is where you need to work to close the sale and get them to book direct. If they’re looking at your property on Metasearch you want them to pick your site so they can book direct. Once they’re on your site you want to keep them there to close the sale. Here are some strategies on how to get more bookings and close the sale.

      • Competitive pricing

      • Cart Abandonment

13 (1).jpg

LEGOLAND New York Resort Opening Delayed to 2021 In Response To Coronavirus

In adherence to the guidance of the Centers for Disease Control and Prevention and evolving restrictions from state and local governments in response to the coronavirus pandemic, LEGOLAND New York Resort and parent company Merlin Entertainments regret to announce the postponement of the Resort opening until 2021. The measure is consistent with the closure of venues and postponement of events worldwide.

"Nothing is more important to us than the health, safety and security of our team, the partners we work with, and the communities we serve,”

All previously purchased annual passes or single-day tickets will be honored when the Resort opens in 2021. Those who have booked vacation packages through LEGOLAND Vacations will be given the opportunity to be the first to book for the 2021 season.

Resort officials still plan to hire more than 1,000 Model Citizens (employees) to staff the theme park and hotel, and all hourly employees who received an offer to work for the 2020 season will be invited to join the team in 2021.

09.jpg

Brand overview: Pullman to grow portfolio by 40 hotels with strong APAC focus

Growth in the coming years

According to the TOPHOTELCONSTRUCTION database, Pullman Hotels & Resorts has 15 hotels in its pipeline for 2020, which will bring the company 4,410 new rooms

9 properties are planned for 2021 and things pick up again in 2022 with 12 scheduled openings. 4 more hotels are on the books for 2023 with more likely to be added by then.

Pullman’s main regional focus

Of Pullman’s 40 new hotels, 31 will launch in the APAC region, adding 8,732 rooms to this area. Africa comes in a very distant second place with 4 projects and 1,074 rooms followed by the Middle East with 3 openings. South America and Europe will each see one hotel launch.

China leads the pack with 17 projects and 4,833 new rooms. Despite the coronavirus wreaking havoc in the local hotel industry, investors are still keen on new projects there since they expect everything to go back to normal in the near future.

Vietnam and Indonesia share second place with 3 hotels each, followed by New Zealand and Australia which will get two new hotels each.

Noteworthy Pullman hotel projects around the world

The largest project currently in Pullman’s pipeline is the Pullman Doha Bridge Towers (West Bay) with 468 rooms. The hotel will open in late 2020 and offer guests easy access to Doha’s West Bay business district.

Visitors to Thailand’s serene islands will look forward to the late 2020 opening of the Pullman Khao Lak Resort. The 251-room property set on a stretch of gently sloping beach is the ideal family getaway thanks to its large kids’ club and family-friendly facilities. Couples can avail of the private villas to have their peace and quiet or go for a dip in the adult-only infinity pool overlooking the sparkling Andaman Sea.

Set within Accra’s Airport City enclave, the Pullman Accra Airport City will become a hub for business travellers visiting the city. Slated to open in early 2021, the 214-room property is anticipated to become a major venue for conferences and events thanks to its seven meeting rooms and banqueting facilities as well as its convenient location just a few minutes from Kotoka International Airport.

THCO_Pullman_Feb2020.png

MGM Resorts International has appointed Paul Salem to the Company's Board of Directors

MGM Resorts International has announced it has appointed Paul Salem to the Company's Board of Directors. With his appointment, the Company's Board has been expanded from 12 to 13 directors.

Mr. Salem is a distinguished leader with over 26 years of experience in the financial services industry

He joined Providence Equity in 1992, where he has served in several leadership positions and been instrumental in establishing the firm's London office, helping to create Benefit Street Partners, Providence's credit affiliate and leading the acquisition of Merganser Capital. Prior to joining Providence Equity, He worked for Morgan Stanley in corporate finance and mergers and acquisition, and for Prudential Investment Corporation, an affiliate of Prudential Insurance, in private placement financings and leveraged buyout transactions.

 He currently serves as a director of Grupo TorreSur. He previously served as a director of Asurion, Eircom, Madison River Telecom, MetroNet (formerly AT&T Canada), PanAmSat, Tele1 Europe, Verio, Wired Magazine and several other Providence investments.

Paul.jpg

Patrick Fernandes Named Executive Managing Director for Carillon Miami Wellness Resort

Carillon Miami Wellness Resort announced the appointment of Patrick Fernandes as Executive Managing Director and member of the Board of Managers, effective immediately. In this newly created role ,He will work closely with the leadership at the resort to further enhance the world-class wellness and luxury destination.

He has more than 20 years of hospitality experience across a number of leading brands and brings a proven track record of creativity and innovation in delivering five-star service. Most recently, He served as Hotel Manager of Faena Hotel Miami Beach and was instrumental in helping it become the first independent hotel to achieve a Forbes Five Star rating in its inaugural year, as well as being named a Leading Hotel of the World and #1 Hotel in the USA by Condé Nast. Earlier in his career, He held various roles across the hospitality industry, serving as Director of Training and Quality at The Setai, a luxury hotel in South Beach; Senior Consultant at F&G Hospitality Consulting, a premiere hospitality consulting firm; and General Manager at InterContinental Hotels Group, a British multinational hospitality company

Patrick-Fernandes.jpeg

One&Only opens its first resort in Europe

One&Only’s hotly anticipated One & Only Portonovi in Montenegro will begin to welcome guests from 1 July 2020. The ultra-luxury resort will be One&Only’s first in Europe and is set to become the most fashionable destination on the Adriatic.

“The opening of One&Only Portonovi is a milestone in our history, as we continue to expand our ultra-luxury portfolio into new destinations around the world. We are thrilled to introduce the One&Only experience to Europe, in response to demand from our loyal guests,” commented Brett Armitage, Chief Commercial Officer, Kerzner International.

We are particularly excited about our exclusive partnership with Henri Chenot, which will revolutionise the resort wellbeing experience, offering 360-degree wellness programmes for our guests. And for those looking to be part of the One&Only lifestyle, we are thrilled to introduce Private Homes for guests who wish to make this stylish resort their home.

One.jpg

JA Manafaru Maldives transforms into all-inclusive resort

JA Manafaru Maldives has become an exclusive all-inclusive resort, offering even more value to guests visiting the paradise island destination.

Seven scenic dining destinations provide a wealth of options with traditional Indian Ocean cuisine, international fare and seafood feasts all available on the all-inclusive plan. The stunning signature restaurant, White Orchid, sits in the middle of the ocean treating guests to balmy breezes as they indulge in award-winning Asian fare.

Guests can also enjoy a wide range of exclusively premium beverages across multiple venues including Horizon Lounge with its ocean views, Andiamo Bistro and Pool with its lush green backdrop and Ocean Grill, beachfront dining under the stars.

There is also an award-winning Calm Spa Sanctuary, offering Ayurveda, aromatherapy and wellness journeys for the soul. To keep all ages entertained, there are both Kids and Teens Clubs.

With a five-star rating and TripAdvisor Travellers’ Choice Award 2019, JA Manafaru is one of the Indian Ocean’s most sought-after destinations and a popular choice for couples and families — classified as a “Legend” hotel by Preferred Hotels & Resorts — extraordinary properties in the world’s most remarkable destinations.

ja.jpg

IHCL partners with Paper Moon to launch its Italian cuisine restaurants

South Asia’s largest hospitality company, Indian Hotels Company (IHCL), has signed an agreement with Ristorante Paper Moon S.R.L, to launch the globally acclaimed Italian cuisine restaurant, Paper Moon, at its marquee hotels across key locations.IHCL will be opening five Paper Moon restaurants over the next few years

Paper Moon will debut at Taj Fort Aguada Resort & Spa, India’s first luxury beach resort that opened its doors in 1974 and firmly established Goa on the global tourist map. Spread over 42 acres, Taj Fort Aguada Resort & Spa is built on the ramparts of a 16th-century Portuguese fortress. A family-run restaurant, Pio Galligani and his wife Enrica Del Rosso opened the first Paper Moon in the heart of Milan’s fashion district in 1977.

It provides a wide selection of Italian cuisine in a vibrant contemporary atmosphere and design is warm, clean and simple. that allows guests to enjoy mouthwatering meals with family, friends, and colleagues

The comfortable furniture and mood lighting is interspersed with natural greenery inspired by the local Goa vibe. The restaurant will offer authentic Paper Moon flavors, combined with a wide selection of the finest wines.

IHCL-Ristorante-Paper-Moon.jpg

Grand Nikko Tokyo Bay Maihama Hotel to Open May 1st 2020

Grand Nikko Tokyo Bay Maihama announce that it will open its doors on May 1st, 2020. Currently operating as the Tokyo Bay Maihama Hotel Club Resort, the hotel will be rebranded and operated by Okura Nikko Hotel Management Co., Ltd. from that date.

The Hotel will offer a Southern European atmosphere incorporating a striking pink exterior and also provide guests with a unique opportunity to refresh both their minds and bodies while enveloped in a refreshing resort breeze, inspired by the concept "The epitome of quality, where guests can experience ultimate comfort, unlock all their senses."

Opening Celebration Campaign

  • 5% discount off the best available rate, with early check-in from 14:00

  • Reservation period: March 2, 2020, to June 30, 2020

  • Applicable period: May 1, 2020, to check-in July 16, 2020

  • Room rates: from JPY 11,200 for 2 people, including tax and service charge (Standard room)

For One Harmony Members (members of Okura Nikko Hotels’ loyalty program)

  • 10% discount off the best available rate, with early check-in from 14:00

  • Reservation period: March 2, 2020, to July 16, 2020

  • Applicable period: June 1, 2020, to check-in July 16, 2020

  • Room rates: from JPY 10,600 for 2 people, including tax and service charge (Standard room)

*One Harmony loyalty points and benefits can be used from June 1, 2020

Overview

Location:

Maihama 1-7, Urayasu City, Chiba prefecture

Layout:

B1 floor to 12th floors

Facilities:

703 guest rooms, 11 banquet rooms, two wedding halls, and a chapel.

Access:

4 minutes walk from Bayside Station on the Disney Resort Line (connects to the JR Keiyo or Musashino Line at Maihama station)

13.jpg

Six Senses Shaharut to Open This June in Israel

Located in the Arava Valley in the south of the Negev Desert, Six Senses Shaharut will celebrate its opening this June. The resort is intimate in nature, comprising just 60 suites and villas, offering guests an authentic desert adventure. From sunrise yoga workshops and immersive local community experiences to late-night stargazing sessions, incredible hikes and camel treks through the luminous Negev Desert, the aim is to leave enriched and reconnected.

 Construction was done in an -friendly manner masterplan introduces architecture and interiors that blend seamlessly with its desert environment

It aims to bring guests in sync with nature and its elements by reinforcing the relationship between the inside and outside.

There are many on-site experiences including the fascinating Earth Lab, camel stables and an open-air amphitheater. The desert setting presents a host of activities from overnight camel camping to extreme sports, hiking, jeep safaris, and neighboring Kibbutz tour. Locally-inspired and restorative treatments together with a variety of wellness programs will be on offer at Six Senses Spa which draws its inspiration from the majestic landscape in which it is situated.

There are many on-site experiences including the fascinating Earth Lab, camel stables and an open-air amphitheater. The desert setting presents a host of activities from overnight camel camping to extreme sports, hiking, jeep safaris, and neighboring Kibbutz tour. Locally-inspired and restorative treatments together with a variety of wellness programs will be on offer at It draws its inspiration from the majestic landscape in which it is situated.

Guests can opt for a 50-minute domestic flight from Tel Aviv to the new Ramon International Airport (ETM) near Eliat, which also directly serves key European markets. From there, it is a 45-minute transfer to the resort.

Reservations are being accepted now for stays from June 1, 2020, onwards.

20.jpg