Month: October 2018

Your new breakfast of champions likely comes in a fast-food wrapper. Morning is the new hot time for the super-competitive, quick-service restaurants, who each want to entice hungry, possible groggy, customers. National chains, already duking it out for lunch and dinner, now want a chunk of those a.m. dollars. (USA Today)

SAN DIEGO—With the cost and improved quality of construction, combined with the sprint to open doors sooner, many hoteliers are now leveraging an emerging trend in pre-fab construction. That is according to panelists at the Stack and Stay panel at CREW Network Convention and Marketplace. (GlobeSt.com)

REPORT FROM THE U.S.—Lodging is a cyclical industry, meaning that it passes over time through four distinct phases: peak, contraction, trough and expansion. Most industry participants believe that 2007 was the previous peak of the current business cycle following six years of expansion from the 2001 industry recession. (Hotel News Now)

NEW YORK—The combination of a steady rise in U.S. hotel room demand, an appreciation for unique design touches and the rise of improved distribution technology during the past decade has made it easier for developers to obtain financing to build or redevelop unbranded boutique hotels throughout the U.S., panelists said at the sixth-annual Independent Lodging Congress at the William Vale Hotel in Brooklyn last week. Additionally, many hotels in the boutique sector have also been able to boost profitability by charging higher room rates than chain hotels with similar amenities, panelists said, which included KHP Capital Partners’ Managing Partner Mike Depatie, Rockbridge CEO and Founder James Merkel and HHM President and CEO Naveen Kakarla. (Hotel News Now)