From the desks of the Hotel News Now editorial staff:
- Invesco acquires three Portuguese hotels for €313m
- AHLA launches new campaign to fight human trafficking
- US companies siding with China in trade war
- US, Canada hotel results for week ending 22 June
- Hotels celebrate 50th anniversary of the moon landing
Invesco acquires three Portuguese hotels for €313m: Global real estate manager Invesco Real Estate has set a transaction price record in its Portugal debut with the sale-and-leaseback deal of three hotels in Lisbon for €313 million ($355.6 million): Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and Avani Avenida Liberdade Lisbon, writes HNN’s Terence Baker.
Invesco acquired the three hotels from Minor International. NH Hotels, a subsidiary of Minor, will operate the properties.
“Lisbon has strong demand growth and as a result strong (revenue per available room) growth, and we believe that is set to continue,” said David Kellett, senior director of hotel transactions at Invesco. “Also, supply growth is not as bad here as in other cities. Supply is moderate, and demand continues to come from leisure and international travel, from the U.S. and further afield.”
AHLA launches new campaign to fight human trafficking: The American Hotel & Lodging Association has launched “No Room for Trafficking,” a new campaign to help the U.S. hotel industry fight against human trafficking in hotels, according to a news release. AHLA has partnered with non-profit anti-trafficking organizations ECPAT-USA and Polaris.
The campaign calls for every hotel employee in the U.S. to undergo training to help them identify human trafficking and how to respond when they see it, the release states. It will also provide a member resource guide, which will provide information on access to training, downloadable signage to display at hotel properties and strategies to connect with law enforcement. The campaign will also provide a companywide anti-trafficking policy template that hotel companies without such a policy can adopt.
“No Room for Trafficking sends a loud and clear message: we will not tolerate human trafficking in the hotel industry,” AHLA President and CEO Chip Rogers said in the release. “Thanks to our dedicated associates, our industry already has a strong record of combatting trafficking and supporting survivors. There is still much more to do, and our commitment to training and education will continue to make a difference.”
U.S. companies siding with China in trade war: U.S. companies are warning the Trump administration that an additional 25% tariff of $300 billion of Chinese goods “will wreak widespread direct and collateral damage,” The Wall Street Journal reports. U.S. President Donald Trump and Chinese President Xi Jinping scheduled to meet to negotiate trade ahead of the G-20 summit in Japan this weekend.
During a public hearing about the tariffs, John Reinhart, CEO and executive director of the Virginia Port Authority, said the equipment used to load cargo mainly comes from China, according to the article.
“All we’re doing is making it more competitive for the freight to find its way to Canada or to Mexico, because they won’t have to pay the tariffs on their equipment and they’ll be able to put forward a product at a lower price,” Reinhart said.
U.S., Canada hotel results for week ending 22 June: The U.S. hotel industry reported mostly positive year-over-year results for the week ending 22 June, according to data from STR, parent company of HNN. Occupancy decreased by 0.6% to 75.5%, but average daily rate increased by 0.8% to $134.83, resulting in revenue per available room growth of 0.2% to $101.80.
Canadian hotels also reported mostly positive results. Occupancy dipped 0.5% to 75.5%, but ADR grew by 2.2% to 179.64 Canadian dollars ($136.94), resulting in RevPAR growth of 1.7% to CA$135.72 ($103.46).
Hotels celebrate 50th anniversary of the moon landing: Hotels around the U.S. are celebrating the 50th anniversary of the Apollo 11 moon landing this July, Travel and Leisure reports. Many of those hotels celebrating are in Houston, home of NASA’s Johnson Space Center.
The Post Oak Hotel at Uptown Houston has a package that includes a round-trip private helicopter ride between the hotel and Ellington Field as well as a private lunch and guided tour of the Johnson Space Center with an astronaut. The Hotel Alessandra has a package that includes freeze-dried ice cream, a NASA Archives coffee table book and a $50 food-and-beverage credit in the space-shuttle inspired Lucienne restaurant or the Bardot lounge.
Compiled by Bryan Wroten.