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Briefs: China will overtake France as top destination

Karisam hires for growth. Karisma Hotels & Resorts has named Diego Jaramillio as the new general director of Karisma Latin America to play a key role in the company’s expansion throughout the region with brands like Margaritaville and Nickelodeon. Formerly CFO of Hoteles Decameron in Bogota, Colombia, Jaramillio will also lead sales and marketing strategies. Karisma’s growth plans include the opening of Nickelodeon Hotels & Resorts Riviera Maya in 2019 and the first-ever Margaritaville by Karisma in 2020. Karisma now has 32 properties.

Choice Q3 results. Choice Hotels International announced 3Q18 earnings beating earnings per share of US$1.24 but missing on RevPAR estimates. At US$103.6 million, it beat on consensus EBITDA, while domestic systemwide RevPAR was -1.4% inclusive of WoodSpring versus some guidance of +0-1.5%. Choice noted impact from weather events, hotel renovations within the Comfort brand, and holiday timing for the RevPAR result. Most of CHH’s legacy major brands struggled in 3Q, down low to mid single digits. However, WoodSpring was +5.8%.

Was only a matter of time. China will overtake France as the world’s number one tourist destination by 2030, a new report from global research company Euromonitor International predicts, citing increased regional traffic. As well as receiving more visitors than any other country in the world, it will also have the largest number of outbound travellers, overtaking the U.S. and Germany, with 260 million outbound tourist trips by 2030.

Read The Guardian report

Utah convention hotel. The Governor’s Office of Economic Development Board in Utah has approved a proposal for a new US$337 million, 700-plus room downtown Salt Lake City convention center hotel being developed by a joint venture between DDRM, a real estate developer headquartered in St. George, Utah, and Portman Holdings, a real estate development, investment and management company. They will break ground in the fall of 2019 and announce an operator early next year.

Read The Desert News report

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