July 30, 2021
Hotel & Lodging SmartBrief
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Front Desk
Hilton Q2 profit signals industry resurgence
(Justin Sullivan/Getty Images)
Hilton Worldwide Holdings reported a second-quarter profit Thursday as rising vaccination rates, leisure travel demand and overall economic recovery carried US hotel occupancy to its highest level since October 2019. Major chains are expected to approach pre-pandemic occupancy marks as the year progresses and lagging business travel ramps up.
Full Story: Reuters (7/29) 
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Business Update
RLJ Lodging Trust is acquiring the Hampton Inn & Suites Atlanta Midtown in a $58 million deal. "Midtown Atlanta is a top submarket, and this property is located within the heart of demand, surrounded by significant new development activity," RLJ CEO Leslie Hale says.
Full Story: Bisnow (free registration) (7/28) 
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Two travel tech companies, Revinate and Navis, have merged, but details of the deal were not disclosed. The merger will enable the companies to consolidate the services they offer to hoteliers and vacation rental managers.
Full Story: Skift (tiered subscription model) (7/27) 
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Investments
Microsoft reportedly is negotiating to invest in Indian hotel startup Oyo, whose leaders say they're aiming toward a public listing. Sources say the SoftBank-backed Oyo may use Microsoft's cloud services under the proposed deal.
Full Story: CNBC (7/30) 
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Market Trends
New York City led the way among cities with planned hotel construction in the second quarter, according to a report by Lodging Econometrics. Los Angeles and Dallas were second and third, respectively.
Full Story: Building Design + Construction (free registration) (7/28) 
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Regardless of vaccination status, guests at Walt Disney World Resort in Florida and the Disneyland Resort in California will be required to wear face coverings indoors beginning Friday. The updated policy is based on new guidance from the US Centers for Disease Control and Prevention amid surging COVID-19 cases.
Full Story: CNBC (7/28) 
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Luxury Hotels
The Conrad Spa at Mexico's Punta de Mita resort offer treatments that builds indigenous wellness practices, including hand-woven massage cocoons.
Full Story: PaperCity (Texas) (7/27) 
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It is a time in which we will redefine what it means to be human, for this is not just the start of a revolution, it is the start of an evolution.
David A. Sinclair,
biologist, professor of genetics
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