From the desks of the Hotel News Now editorial staff:
- Federal judges rule against travel ban
- Upscale hotel buys happening in Greece
- Brands see opportunities for dual-brand hotels globally
- Hotel boom in Biltmore Village, North Carolina
- US, Canada weekly results
Federal judges rule against travel ban: A federal judge in Hawaii and a federal judge in Maryland ruled against President Donald Trump’s travel ban, The New York Times reports.
This is the second major setback for Trump’s travel ban policy. Last month, a federal court in Seattle stopped his “attempt to sharply limit travel from a handful of predominantly Muslim countries.”
Upscale hotel buys happening in Greece: For 2016 and the first few months of 2017, 10 major purchases of upscale hotels have occurred in Greece, Tornos News reports.
This amount is close to the number of upscale hotel purchased from 2012 to 2015, when 12 upscale purchases were recorded. Market analysts said there’s been a surge in tourism arrivals over the last two years despite the state Greece’s banking system, “especially amid the continuing uncertainty in rival destinations in other regional countries, such as Turkey and Egypt,” the new organization reports.
HVS’s Hotel Transactions of 2016 list shows the sale of the Athens Hilton, the Astir Pallas hotel and the Asteras Vouliagmeni resort.
Brands see opportunities for dual-brand hotels globally: Because dual brands are so efficient, more companies are developing these properties in international markets, HNN’s Bryan Wroten reports.
Daniel Lesser, president and CEO of LW Hospitality Advisors, said some brands might consider the same global market for a dual-branded hotel as they would for a single-branded hotel.
“It really boils down to best use,” he said. “It holds true anywhere in the world. The fact remains the hotel business has always been a neighborhood issue. It’s submarket driven. It doesn’t matter if it’s in the U.S. or China.”
Hotel boom in Asheville Biltmore Village, North Carolina: Just like in downtown Asheville, North Carolina, there’s a hotel boom happening in the historic commercial district of Biltmore Village, the Citizen-Times reports.
In the southern part of Asheville, new construction is happening with “$30 million planned in new lodging facilities.” The opening of four new hotels adds 468 rooms to the market, with downtown and the Biltmore Estate already among popular destinations in the area.
A 118-room Holiday Inn & Suites is under construction and costs $5.3 million, and a 112-room Courtyard by Marriott costing $14 million is planned for the area.
Occupancy rose 0.8% to 67.4%, average daily rate increased 3.9% to $128.61 and revenue per available room increased 4.8% to $86.72.
The hotel industry in Canada reported mixed results for the same week.
Occupancy dropped 1.2% to 59.9%, ADR rose 3.3% to 147.23 Canadian dollars ($110.64), and RevPAR increased 2.1% to CA$88.15 ($66.24).
Compiled by Danielle Hess.