News Briefs

02/03/2023

Hyatt Completes Dream Hotel Group Acquisition

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Dream Hotel Group Nashville

Hyatt Hotels Corporation announced the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a vibrant portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.

Dream Hotel Group properties are known for their progressive design and vibrant dining and nightlife that are the soul of each hotel. They boast unique and authentic hospitality experiences built on inventive activations and design-savvy spaces that inspire creativity and act as social hubs for guests as well as local communities.

The acquisition welcomes more than 600 new colleagues into the Hyatt family, bringing deep expertise in experiential hospitality to Hyatt’s global portfolio of lifestyle offerings and extending Hyatt’s brand footprint in strategic destinations including Nashville, Hollywood, Las Vegas, South Beach, Saint Lucia, Doha and several new locations new in New York City. It will also include new markets such as the Catskills in New York and Valle de Guadalupe in Mexico.

“Hyatt’s acquisition of Dream Hotel Group represents an exciting chapter in our asset-light growth as we expand our lifestyle offerings, providing global travelers with an increased number of elevated experiences – now, and in the future,” said Mark Hoplamazian, president and chief executive officer, Hyatt. “Together, we will carefully preserve the spirit and individual identities of the sought-after Dream Hotel Group hotels while adding the commercial strength of Hyatt’s marketing and sales channels, all united under the World of Hyatt loyalty program.”

Dream Hotel Group founder Sant Singh Chatwal will continue his commitment as an owner of four open and two future hotels that are expected to join the Hyatt portfolio.

“Hyatt has a proven track record of preserving what makes lifestyle hotels special and is the ideal new home for our growing Dream Hotel Group brands,” said Sant Singh Chatwal, chairman and founder, Dream Hotel Group. “As an owner of Dream Hotel Group properties, I look forward to the next part of our journey, and I am confident there is a bright future ahead for our hotels, owners, guests and team members as part of the Hyatt family.”

Former Dream Hotel Group CEO Jay Stein is joining Hyatt as Head of Dream Hotels to guide the integration of Dream Hotel Group brands into the Hyatt portfolio; former Dream Hotel Group Chief Development Officer David Kuperberg is joining Hyatt as Head of Development – Dream Hotels; and former Chief Operating Officer Michael Lindenbaum is joining Hyatt as Head of Operations – Dream Hotels.

Dream Hotels will join as a brand within Hyatt’s Boundless Collection. The Chatwal and Unscripted Hotels brands will be welcomed into Hyatt’s Independent Collection, joining The Unbound Collection by Hyatt and JdV by Hyatt brands, respectively.

To learn more about these new properties, visit hyatt.com/info/dream-hotel-group-announcement. On January 19, 2023, The Chatwal, a hotel in New York City, joined the World of Hyatt loyalty program. Stay tuned for when and how other Dream Hotel Group properties will participate in World of Hyatt.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

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02/03/2023

OYA Resorts to Offer Lifetime Membership NFT

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oya resorts

OYA Resorts — where rooms average $450 a night and large private villas, up to $1,500 per night — is offering 1,500 members the opportunity to purchase a lifetime membership to the exclusive members-only OYA Resorts via their Local, Global and Corporate NFTs.  Those with Lifetime memberships will enjoy bespoke experiences not offered to with a standard membership, and will not incur the annual standard membership dues of $1,999.  To join the exclusive Lifetime membership whitelist, please visit, OYA.io.

OYA is not the traditional volume driven first-class hospitality resort, but rather a platform focused on individually-curated, bespoke experience. Current and future resorts have a boutique setting with a maximum 60 guests limit, spread through a vast land between 100 - 250 acres to ensure absolute privacy to all members.  Although OYA locations offer all the high end luxuries of traditional resorts, including private chefs and exclusive spa services, the longevity retreats offer an experience a "traditional" resort does not.  OYA's cabins are designed and built to experience how nature and its elements work, an outdoor spa which celebrates ancient wisdom and tradition, holistic chefs preparing farm to table meals, and a team of experts who introduce members to the latest and greatest technologies available to achieve one's longevity goals. Visitors can also choose to be in full control of their daily routine -use the facility to explore one's inner potential, explore the gardens and AI-operated aquaponic containers harvesting the produce, cook their own meals and set their own schedule.

The Lifetime memberships range from $1K for the Local level membership to $5K for the Global membership.  Lifetime membership holders will have access to one (Local membership) or all (Global membership) OYA locations whenever they choose.  OYA locations, opening this year, include The Catskills in upstate New York, Virginia, and the Dominican Republic. Global lifetime membership gives members lifetime access to all three current locations and all future OYA locations.  In addition to the current three locations, OYA plans to open an additional resort on Zakynthos Island in Greece and a safari resort in Rwanda, both are scheduled to open by 2025. 

As part of OYA's onsite wellness services, guests can expect at each location to have access to the latest technologies in biohacking and health tracking to create individualized health plans. They will experience a one-of-a-kind Ancient Trail, a trail of global indigenous structures where they can partake in indigenous healing rituals and be transported to that part of the globe as they do so.  In addition, each location's spa services will be integrated into the beautiful natural outdoors settings inspired by these ancient traditions.

Due to the limited capacity of the resorts and exceptionally curated personal service, until further notice OYA is releasing only several thousand memberships worldwide.

02/02/2023

Groups & Corporate Main Focus for Hotel Revenue Teams in 2023

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Duetto 2023 special trends report teaser

Duetto, a Revenue Management Software (RMS) provider for the hospitality industry, has announced the results of its second annual Trends & Predictions Survey.

The Duetto Outlook & Trends 2023 Survey has shown that business and corporate are the two segments most revenue teams will focus on for the year ahead.

“We surveyed hoteliers and revenue professionals from around the world and talked with industry experts, to get their outlook on what 2023 may bring. Changes in guest behavior, staffing challenges, and new technological innovations are all shaping the hospitality industry – making it more agile, adaptable, and stronger,” said David Woolenberg, CEO, Duetto.

When asked how they planned to optimize business mix in 2023, the top five responses were:

  • Group business - 59.5%
  • Corporate business – 51.9%
  • Channel management – 48.1%
  • OTAs – 38%
  • Tour operator, wholesale, FITs – 30.4%

Other respondents also cited growing revenue per guest, segmentation, and length of stay as important factors for revenue management in 2023.

While business travel is tipped to return in 2023, many are already stating that it probably won’t return to 2019 levels. This may explain why business travel also topped the list of biggest challenges for the hotel industry in 2023.

The top five challenges, as identified by those taking the survey, were:

  • Business travel – 60.8%
  • Staffing - 55.7%
  • Increased costs - 53.2%
  • Government restrictions - 45.6%
  • Lead times - 43%
  • Cancellations came in sixth place, with 36.7%.

The Duetto Outlook & Trends 2023 Survey also gauged market sentiment in terms of technology investment.

Of those surveyed, 82.3% were already using a revenue management system (RMS). Of those not using an RMS, 71.4% planned to invest in revenue management technology in 2023.

Looking back on tech investment in 2022, 72.2% said their hotel tech spend had either increased or stayed the same. Looking ahead, 60.8% expected their hotel tech spend to increase in the next three years.

The survey included input from revenue managers, property-level and corporate-level directors of revenue management, revenue consultants, revenue and distribution analysts, and property general managers.

Most respondents (51.9%) worked in leisure hotels, but there was also good representation from business hotels, casino resorts, and hostels.

Geographically, respondents came from North America (39.5%), Europe (21.1%), Latin America (21.1%), APAC (14.5), and the Middle East & Africa (3.9%).

Duetto conducted this survey among its software users and other hospitality industry professionals including revenue consultants and educators from across the globe from December 1, 2022, to January 16, 2023.

For more insight on industry trends & predictions for 2023 read Duetto’s latest eBook: Targeting Greater Profitability In 2023. Download your free copy today: https://www.duettocloud.com/special-reports/targeting-greater-profitability-2023-trends-predictions-to-boost-your-revenue-strategies

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02/02/2023

INSPIRE Announces Sayi Puligandla as Chief Operating Officer

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logo, company name

INSPIRE, a global event solutions company owned by Ashford Inc., is pleased to announce the appointment of Sayi Puligandla as Chief Operating Officer.

In this position, Puligandla will oversee human resources, hospitality operations, information technology, and other projects to support the entire organization.

Puligandla brings to INSPIRE an extensive background in the hospitality industry and valuable experience in data, analytics, and building efficient operational units for accelerated growth. He was an executive vice president and a founding member of Nor1 (acquired by Oracle in 2020), a known pioneer and industry leader in hospitality upsell technology, where he architected and developed the analytics and BI infrastructure that paved the way for Nor1’s upsell science.

Upon Oracle’s acquisition of Nor1 in 2020, Sayi continued managing all aspects of Nor1’s Global Gaming business as its Senior Director, as well as Business Development and Strategic Account Management for all Nor1’s Global Accounts which included several of the ten largest hotel chains.

“Sayi is incredibly talented and a proven leader. His unparalleled background and expertise will propel us toward our goals and ensure we achieve individualized, valuable solutions for our clients,” said Chuck Bauman, CEO of INSPIRE. 

02/02/2023

Cloud5 Welcomes Telecoms Veteran Jerry Gore as Company CTO

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Jerry Gore

Cloud5 Communications, a provider of communications and technology solutions for more than 5,000 hotels, MDUs, and commercial facilities across the Americas, announced the appointment of telecommunications expert, Jerry Gore, as company CTO.  

Gore joins Cloud5 following an impressive career spanning more than 20 years wherein he has specialized in telecommunications architecture and integration, as well as software development and support services. Most recently, Gore served as CIO and CTO for CrossCom, a leading lifecycle technology solutions provider for several of the largest retail chain businesses within the US. While at CrossCom, Gore oversaw the company’s transition from providing telecommunications services to serving as a full on-premise technology provider. Leveraging his expertise in technology and software development, Gore also successfully spearheaded integration efforts for companies acquired by CrossCom, and launched a new help desk division that leveraged automation to provide excellence in retail customer support operations.   

“We are excited to welcome Jerry to the Cloud5 team,” said Mark Holzberg, CEO of Cloud5 Communications. “As we continue to innovate, develop deeper integrations with key technologies and partners and bring even greater value and support to clients, Jerry’s expertise and leadership will be critical to our continued success.” 

Earlier in his career, Gore has served as a consultant for Centric Consulting, and founded LOIS, Inc., a software development consulting firm. Jerry holds a BA from Illinois Wesleyan University and is also a graduate of Harvard Business School’s advanced management program.

02/02/2023

Restaurant Tech Solution Aims to Increase Table Turns

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man hands on a phone

Let us Nudge, a restaurant seating maximization technology, announces the launch of its [email protected] platform backed by NudgeAI. 

[email protected] allows for restaurants to nudge customers at home with incentives to visit the restaurant, such as discounts, free food, new menu items and more. The customers can accept or deny the nudge and if accepted, the restaurant receives a notification the customer is headed in.

Let us Nudge, which serves large franchise chains, fine dining and small family-owned restaurants, launched with its in-restaurant solution, Nudge Table Turnover. Nudge Table Turnover optimizes restaurant traffic and frequency by gently nudging customers during busy times to aid in table turnover with incentives. The Nudge Table Turnover solution has helped restaurants increase revenue by 20%, according to the company.

Both solutions are powered by NudgeAI, a patent-pending SaaS technology that delivers real-time data and analytics to help restaurant owners and operators improve their targeted marketing and campaign management. According to SmallBiz Genius, 95 percent of restaurants feel technology can improve restaurant efficiency, including food cost management, staffing and consumer traffic flow.