The US and China lead the world in hotel-pipeline volume, with 41% and 20%, respectively, according to Lodging Econometrics. The firm's biannual "Global Construction Pipeline Trend Report" counts 12,839 hotels with 2.16 million rooms overall, both all-time highs and, for hotels, 86% above the cyclical low of 2011.
Snow Time Inc. is selling three central Pennsylvania ski resorts to Peak Resorts, which owns 14 other ski facilities in the Northeast and Midwest. Snow Time founder Irv Naylor has retired, prompting his family to let go of the Roundtop Mountain, Liberty Mountain and Whitetail resorts.
The Best Western Key Ambassador Resort Inn became the first Florida Keys property of OTO Development with a purchase from the Key Ambassador Co. The buyer, based in Spartanburg, S.C., plans a complete makeover of the 100-room hotel, built in the 1950s.
City and James Madison University leaders helped cut the ribbon as the Montpelier Restaurant & Bar opened in the Hotel Madison in Harrisonburg, Va. Hotel General Manager Wendell Bush said the restaurant would emphasize local food.
A Morningstar report shows the investing population is diverse, despite "this common stereotype of an old, rich, white guy," report author Jake Spiegel says. The report says about one-quarter of investors are nonwhite, more than one-third of investors make less than the $52,700 median household income and one-quarter of investors are younger than 37.
Companies know the value and urgency of diversity and inclusion initiatives, but many struggle to implement them properly, writes Tanya Axenson, global head of HR at Allegis Group. Axenson offers three tips to eliminate unconscious bias and to integrate diversity and inclusion into company culture through mentorship and transparency.
The spa at the Grand Hotel Stamary in Zakopane, Poland, features five types of body wraps and 11 massage options. Microneedle mesotherapy and microdermabrasion and peel treatments are available.
The number of Fortune 500 CEOs who are women and people of color has fallen in recent years, despite commitments by companies to foster diversity, write Jeff Green, Jordyn Holman and Janet Paskin. Persistent pay gaps often drive women and minority hires to seek other employment before they can move up the ranks to the C-suite, according to academic studies.
Building hotels can establish a lifestyle brand, according to Bill Taylor. "After all, what more visceral, intimate way is there for you to articulate and communicate the lifestyle attributes of your brand than to invite customers to live in a space that reflects those attributes?" he writes.
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