5 things to know: 25 October 2017
 
5 things to know: 25 October 2017
25 OCTOBER 2017 10:00 AM

From the desks of the Hotel News Now editorial staff:

  • Trump administration delays processing of refugees
  • Hyatt CEO makes a business case for empathy
  • Wyndham Hotel Group Q3 RevPAR up
  • Pebblebrook's Q3 exceeds expectations
  • A look at room rates at Mandalay Bay, competitors

Trump administration delays processing of refugees: The processing of refugees from 11 countries identified as high-risk will temporarily be delayed by the Trump administration, and the admissions of refugees from other countries will resume, Reuters reports. 

Reuters reports that most of the countries affected by the delay are in the Middle East and Africa.

“The administration also will place on hold a program that allows for family reunification for some refugees resettled in the United States, according to a Trump administration memo seen by Reuters and sent to Congress on Tuesday,” the news organization reports.


Hyatt CEO makes a business case for empathy: Hyatt Hotels Corporation President and CEO Mark Hoplamazian told Hotel News Now empathy has been a guiding strategy for the hotel company, which turns 60 years old this year, HNN’s Stephanie Ricca reports. 

“One of the great things about our business is that we’re part of a very significant movement in the growth of travel around the world,” he said. “The power of understanding cannot be underestimated, and we’re focusing on making sure we’re helping to enhance that for the benefit of our colleagues and our guests, and elevating the opportunities to understand others.”

Click here to view the full transcript from the interview, and check back on HNN tomorrow to read part two of the conversation. 


Wyndham Hotel Group Q3 RevPAR up: According to Wyndham Hotel Group’s Q3 results, domestic same-store RevPAR rose 2.3% compared to the third quarter of 2016, and global same-store RevPAR increased 3.3%. The company’s hotel system had more than 8,100 hotels and more than 708, 500 rooms as of 30 September.

Executives on Wyndham Worldwide’s Q3 earnings call with analysts said they expect recent natural disasters to drag down fourth-quarter and full-year results. The company attributed to the recent hurricanes declines of $13 million in revenue, $6 million in net income and $9 million in earnings before interest, taxes, depreciation and amoritization.

Pebblebrook's Q3 exceeds expectations: Pebblebrook Hotel Trust had several properties that were affected by natural disasters in the third quarter, but executives said performance for the quarter was better than expected, according to a news release.

“During the third quarter, our hotels performed better than our overall expectations, even with the negative impact from several natural disasters that occurred during the quarter, as same-property EBITDA, adjusted EBITDA and adjusted FFO exceeded our outlook,” said Jon E. Bortz, chairman, president and CEO of Pebblebrook, in the company’s news release.

Occupancy decreased 0.2% to 89.5% during the quarter, average daily rate declined 3% to $256.56 and revenue per available room dropped 3.1% to $229.68, according to the release.


A look at room rates at Mandalay Bay, competitors: After the 1 October shooting at the Mandalay Bay Resort and Casino in Las Vegas, rates (as listed on Expedia) at the hotel have dipped a bit compared to its Las Vegas competitors, Metro reports.

The news site reports that the average hotel rate at the hotel is $129 per night after the attack. Close hotel competitors have higher rates listed on Expedia. The New York-New York Hotel and Casino is approximately $179 per night, Caesars Palace is around $325 per night and the Trump International Hotel is running rates of $191 per night.

Compiled by Danielle Hess.

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