A quick roundup of global hospitality news.
IHG’S NEW PROGRAM FOR DIVERSE OWNERS: IHG Hotels & Resorts has launched IHG LIFT (signifying Leadership, Inclusivity, Facilitation and Transformation), an “owner-growth program” to create more hotel development support for historically under-represented groups in the hospitality sector. The new program will help ease common challenges to hotel ownership among these groups and empower diverse owner-entrepreneurs. The company will commit over $30 million in the next five years to support the program, which includes support, access to capital and help along the hotel life cycle for eligible owners in the U.S. and Canada. The program aims to help under-represented diverse owners in the hospitality industry and also within IHG’s owner community. The program is a continuation of IHG’s ongoing commitments to diversity, equity and inclusion.
NEW WATER PARK AT DELTA HOTELS BY MARRIOTT RIVIERA NAYARIT: Delta Hotels by Marriott Riviera Nayarit, An All-Inclusive Resort in Cruz de Huanacaxtle in Mexico has unveiled the Aqua Jungle & River experience and a new rooms and suites tower. Both these additions are part of the resort’s expansion plan. The resort is part of the 31 properties in the All-Inclusive by Marriott Bonvoy hotel portfolio in the Caribbean and Latin America. Located in the resort’s own forest canyon, the Aqua Jungle & River experience is open for both adults and families and offers five jacuzzis for adults, seven pools, an extended lazy river and two children’s areas with water slides and splash amenities. The experience is inspired by the Tolantongo caves in Hidalgo. Delta Hotels by Marriott Riviera Nayarit is the first Delta-branded hotel to open in the Caribbean and Latin America and the first Delta to be an all-inclusive resort globally. The property includes three restaurants, three pools, a beach club and a spa.
REMINGTON HOSPITALITY ADDS MURRIETA HOT SPRINGS RESORT TO PORTFOLIO: Remington Hospitality has assumed management of Murrieta Hot Springs Resort in Murrieta, Calif. Spanning 46 acres of land in Southern California, the hotel is currently undergoing renovations. The reimagined resort will reopen this winter as a hot spring health and wellness hotel. The 174-room property will provide access to more than 60 natural hot spring pools and water features, along with wellness amenities, meeting areas and a geothermal-focused spa with mineral soak pools and contrast circuits. The hotel will also feature dining options. Initially opened in 1902, the resort underwent a transformation into a Christian conference retreat center in 1995. The property was acquired in 2022 by Olympus Real Estate Group, which also owns The Springs Resort in Pagosa Springs, Colo. Remington Hotels’ portfolio currently comprises 128 hotels under 24 brands across 27 states and Washington, D.C.
MONTAGE DEER VALLEY COMPLETES RENOVATIONS: Montage Deer Valley, located in Park City, Utah, has completed an extensive renovation of its 154 rooms and suites and dining venues. Renovations were led by two interior design companies — San Francisco-based BraytonHughes Design Studios for the resort’s rooms and Salt Lake City-based Denton House Design Studio for restaurants and lounges. The hotel has also opened a new dining venue, Slopestream, by the mountainside with fireside outdoor seating. Spanning 16 acres, the resort includes 81 privately-owned Montage Residences and features ski-in and ski-out access to ski runs, a 35,000-square-foot spa, children’s programs, retail shops and 60,000 square feet of indoor and outdoor event and meeting space. Montage Deer Valley is a member of Preferred Hotels & Resorts’ global collection.
CANADA ADR, REVPAR PEAK IN JULY: Canada’s hotel industry posted record ADR and RevPAR in July, according to CoStar’s latest data. The occupancy level was also at its highest level since August 2022.
- Occupancy: 75.6% (+0.1%)
- ADR: CA$232.13/ US$171.33 (+7.7%)
- RevPAR: CA$175.42/ US$129.48 (+7.8%)
The increased cash flow enables hoteliers to pay for increased debt service costs, other costs through the bottom line, property improvement plans and general capital expenditure projects, which were mainly running behind during the pandemic, CoStar said. While ADR growth was significant across most segments, transient weekend rates continued to rise. Among the provinces and territories, Newfoundland and Labrador stood out with the highest July occupancy (87.9%), up 5% from 2022 levels. Vancouver achieved the highest occupancy at 87%, surpassing July 2022 by 2.4%. Saskatchewan (63.1%) posted the lowest occupancy among provinces, down 1.8% from 2022. At the market level, Edmonton recorded the lowest occupancy (-2.9% to 58.8%).