Colin Tessier

3 weeks ago | lodgingmagazine.com | Colin Tessier

Spark by Hilton has grown quickly since the brand launched in January 2023. Designed as a premium economy lodging option, Spark is centered around providing guests and owners with value, quality, and consistency at an accessible price point. The brand's first hotel opened in September 2023, and less than two years later, it has surpassed 100 open hotels. Moving forward, Spark's pipeline includes 230 hotels around the world.

4 weeks ago | lodgingmagazine.com | Colin Tessier

Hotel profit margin, which measures profits as a percent of revenue, is considered a good indicator of the efficiency of hotel operations. In 2023 and 2024, hotel profit margins at both the gross operating profit (GOP) and earnings before interest, taxes, depreciation, and amortization (EBITDA) levels have declined, indicating that both operating and ownership expenses have increased at a greater pace than revenues.

1 month ago | lodgingmagazine.com | Colin Tessier

Since Charlestowne Hotels was founded in 1980, the South Carolina-based management company has built its reputation in the independent space, and its portfolio now includes more than 60 hotels across the country. As the boutique hotel segment has evolved over the years, Charlestowne's management expertise has remained consistent.

1 month ago | lodgingmagazine.com | Colin Tessier

In recent months, economic uncertainty has impacted various businesses, including the hospitality industry. With tariffs specifically raising concerns, fears of a potential recession continue to swirl. However, Wyndham Hotels & Resorts had a record first quarter in which its global openings increased 13 percent year-over-year, and the company awarded 181 development contracts globally.

1 month ago | lodgingmagazine.com | Colin Tessier

Wyndham Hotels & Resorts ' Global Conference is underway at the Caesars Forum in Las Vegas, Nevada. The strength of the Wyndham brand was the focus of the general session on May 20, as Geoff Ballotti, president and CEO, Wyndham Hotels & Resorts, and several other company leaders discussed various new initiatives, especially in the technology space.