Hotel Industry News
HFTP Announces 2018 Paragon Award Recipient - Anna McFarland, CPA, CFE, CHAE, CHTP
The HFTP Global past president will be honored at HFTPs Annual Convention this October
Hyatt Announces Plans for 5.5 Acre Andaz Turks and Caicos at Grace Bay
Hyatt Hotels Corporation (NYSE: H) announced today plans for Andaz Turks & Caicos at Grace Bay, a hotel and residences development expected to open in 2021, marking the Andaz brand's first property in the Caribbean.
Canopy by Hilton Tempe Downtown University Area Breaks Ground
Slated to open as a 198-room hotel by January 2020, Canopy by Hilton Tempe Downtown University Area is located in the heart of Tempe across the street from Arizona State University (ASU), one of the largest public universities by enrollment in the United States.
Global Hotel Construction Pipeline Projects Have Reached Record Highs
Lodging Econometrics (LE) has released its bi-annual Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for every country and market around the world, states that the total global construction pipeline stands at 12,839 projects/2,158,422 rooms which are at all-time highs. The construction pipeline is up an extraordinary 86% by projects over the cyclical low established in 2011 when global counts were at 6,907 projects/1,257,296 rooms.