5 things to know: 1 February 2018
5 things to know: 1 February 2018
01 FEBRUARY 2018 10:32 AM

From the desks of the Hotel News Now editorial staff:

  • Women gaining ground in hotel company leadership roles
  • MGM Las Vegas hotels increase parking fees again
  • Weekly performance data for US, Canada
  • Ritz Paris selling off furniture
  • Tapestry hotel planned for former chocolate factory

Women gaining ground in hotel company leadership roles: Men still fill the majority of CEO and other executive roles at hotel companies, but research from the Castell Project shows that there’s room at the top for women, HNN’s Dana Miller reports.

The data shows that only 5% of CEOs at hotel companies are women, but from 2012 to 2016, women have gained in share of hotel company leadership at all levels.

MGM Las Vegas hotels increase parking fees again: MGM Resorts International is continuing a trend of raising parking rates for hotel guest and visitors at properties along the Las Vegas Strip, the Los Angeles Times reports.

Valet parking for stays of two hours or less at MGM’s top-tier hotels will cost more than $21, and the 24-hour parking rate is $30, which is a 40% increase since 2016. The new parking prices will go into effect on Wednesday, according to the report.

MGM started charging guests for parking after the first hour about two years ago, the Times writes, and last increased rates in April 2017.

Weekly performance data for U.S., Canada: Data from STR, HNN’s parent company, shows hotels in the U.S. and Canada reported positive year-over-year results in the three key performance metrics for the week ending 27 January.

The U.S. hotel industry recorded a 0.6% increase in occupancy to 58.2%, a 3.9% rise in average daily rate to $124.72 and a 4.5% increase in revenue per available room to $72.55.

Canada saw occupancy rise 1.1% to 56.6%, ADR increased 4.1% to 144.14 Canadian dollars ($117.19) and RevPAR increased 5.2% to CA$81.64 ($66.38).

Ritz Paris selling off old furniture: The Ritz-Carlton Paris hotel is selling some of its older furniture after undergoing a renovation, Reuters reports.

The goal is to auction off more than 3,500 pieces of furniture and art on 17-21 April at Paris auction house Artcurial.

Pieces being sold include “sofas that once filled the salon frequented by novelist Marcel Proust to bar stools that propped up Ernest Hemingway and F. Scott Fitzgerald in the 1920s,” Reuters reports.

Tapestry hotel planned for former chocolate factory: A building dating back to the 1900s that housed the former Wilbur Chocolate Factory in Lititz, Pennsylvania, will soon be turned into a hotel that’s part of Hilton’s Tapestry Collection through adapted reuse, Lancaster Online reports.

Oak Tree Development Group announced the agreement for the hotel, which is slated to open by April 2019.

Compiled by Danielle Hess.

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