5 things to know: 16 June 2017
 
5 things to know: 16 June 2017
16 JUNE 2017 9:10 AM

From the desks of the Hotel News Now editorial staff:

  • Senate unlikely to vote on Obamacare repeal by deadline
  • President Trump expected to tighten travel to Cuba
  • Ian Carter on Hilton’s blueprint for global growth
  • US hotel results for week ending 10 June
  • Hotel prices in Las Vegas jump ahead of Mayweather-McGregor

Senate unlikely to vote on Obamacare repeal by deadline: The U.S. Senate has two weeks before its Fourth of July recess and self-imposed deadline to take action on a number of health-care items, Politico reports, including deciding in which year to roll back Medicaid expansion, how much to cut from the program and determine how to shrink health insurance premiums.

Although Senate Republicans can attempt to repeal Obamacare at any time, the article points out they hoped to take care of it by the end of June so they could focus on other priorities, such as tax reform. The article states it’s unlikely Republicans will meet the deadline, however, as there are disagreements on how to handle the repeal and, if those are settled, they would still need to write the bill, send it to the Congressional Budget Office to await its score and hold on to enough votes to pass it.


President Trump expected to tighten travel to Cuba: President Donald Trump will announce plans today to pull back on rules allowing Americans to travel to Cuba as well as restrict U.S. companies from making deals with Cuban businesses that are tied to the Cuban military, Reuters reports. President Barack Obama had reinstated diplomatic relations with the island nation in 2014.

The new policy will have tighter enforcement to make sure Americans traveling to Cuba fit within the “12 authorized categories they claim to be travelling under,” the article states, and it will eliminate “people to people” educational visits for individuals while keeping them for group tours.

While the new policy will be tougher on individual travel and companies doing business in Cuba, the news agency reports embassies will remain open, diplomatic relations will continue and there’s no intention to disrupt current deals in place, such as Marriott International’s management of the Four Points by Sheraton Havana.


Ian Carter on Hilton’s blueprint for global growth: In a video interview with HNN’s Bryan Wroten at the NYU International Hospitality Industry Investment Conference, Ian Carter, president of global development, architecture, design and construction at Hilton, shared his company’s strategy for expansion around the world.

Hilton takes a phased approach to growing its footprint in other countries, he said, starting with brands such as Hilton and Conrad and then strategically introducing others, such as DoubleTree by Hilton and Hilton Garden Inn.

“We applied that same mentality to other target markets that we focused on, so it’s not a scattergun approach,” he said. “It’s what we call this phased approach on target markets. So we’ll see much the same happen in 2017.”

U.S. hotel results for week ending 10 June: The U.S. hotel industry reported mixed year-over-year results for the week ending 10 June 2017, according to data from STR, HNN’s parent company. Occupancy fell 0.8% to 73%, but average daily rate increased 1.5% to $128.37, allowing revenue per available room to grow 0.7% to $93.73.

The Orlando, Florida, market saw the largest increase in occupancy among the top 25 markets, growing 6.3% to 76.2%. Its RevPAR also topped the other markets, growing 16.4% to $86, helped by ADR growth of 9.6% to $112.86.

The San Francisco/San Mateo, California, market had the sharpest drop in RevPAR, falling 18.6% to $196.88 as ADR dropped 14.1% to $226.02 and occupancy declined 5.3% to 87.1%.


Hotel prices in Las Vegas jump ahead of Mayweather-McGregor: The recently announced Floyd Mayweather-Conor McGregor boxing match on 26 August at the T-Mobile Arena in Las Vegas has caused hotel prices to “skyrocket” for the days around the fight, ESPN reports.

Before the announcement of the fight, the average cost for a three-night stay at a Las Vegas hotel room came to about $133 a night for the days before and after the fight, the article states. Less than 12 hours later, the average cost rose 79% to $233.


Compiled by Bryan Wroten. 

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