Tuesday, September 26, 2023
North America

Ennismore Moves to Market All-Inclusives Amid International Push

  • Corporate travel data company TRIPBAM reports a 25% increase in booking volumes for US travel in mid-September compared to 2022, with expectations of a return to pre-Covid levels by the end of the quarter and surpassing them in 2024, albeit slower in tech-heavy San Francisco.
  • The third edition of the Hospitality Industry Sentiment survey shows a shift in expectations, with group demand and major events on the rise, while labor costs and supply challenges remain top concerns for the hotel industry.
  • Various hotels announce renovations and openings, including Le Meridien Tampa, Springhill Suites Truckee, Hotel Dena Pasadena, Omni Charlottesville Hotel, and a new hotel project in East Austin. Nashville International Airport opens a new international arrivals facility, and citizenM appoints Rani Gharbie to lead its Americas expansion. Ennismore aims to change the reputation of all-inclusive resorts, and LEGOLAND Windsor Resort announces a LEGO Woodland-themed holiday village. London & Regional is close to acquiring the Kempinski Hotel Bahia in Estepona, Spain.

The DJIA fell 382 points while Nasdaq was down 208, the S&P 500 fell 64 points and the 10-year treasury yield was up another .02 to 4.56%.  Lodging stocks were lower. AHT was down -6% to a new 52 week low. Truist held a webinar with corporate travel data company TRIPBAM. They are solely focused on individual/business transient travel. The main takeaways include that booking volumes in mid-September […]