HOSPITALITY TRENDS
prnewswire | April 04, 2023
Cambria Hotels, part of the Choice Hotels International, Inc.family of brands, continues its nationwide expansion with the grand opening of its first hotel in Georgia: the Cambria Hotel Savannah Downtown Historic District. The brand's newest downtown addition will provide modern travelers with the upscale amenities they need to discover all the opportunities Savannah has to offer.
To commemorate the grand opening of Georgia's first hotel, which officially opened its doors in December, the Cambria Hotel Savannah Downtown Historic District welcomed community members and distinguished guests to a ribbon cutting ceremony. Guests were treated to a Savannah-inspired reception and property tours featuring the hotel's full-service bar and restaurant, contemporary and sophisticated guestrooms, and state-of-the-art fitness center.
Speakers at the event included Janis Cannon, senior vice president, Upscale brands, Choice Hotels, Savannah city officials, and Lois Model, Executive Director at Savannah Center for Blind and Low Vision, who each expressed their enthusiasm about the brand's debut in Georgia.
"Known for its hospitality, innovative history, and vibrant culture, Savannah is a corporate, entertainment and industrial hub," said Janis Cannon. "At Cambria Hotels, our expansion stays focused on growth in markets with strong business and leisure demand. This makes Savannah the ideal spot to debut the Peach State's first Cambria. We're proud to welcome guests to yet another brand-defining property in our growing lineup of Cambria hotels nationwide."
The new six story, 101-room Cambria hotel positions guests in the heart of the city's National Historic Landmark District, providing modern travelers with easy access to top Savannah landmarks, renowned architecture and more than 100 restaurants situated along the neighborhood's cobblestone streets. The Cambria Hotel Savannah Downtown Historic District is within walking distance to the Savannah Civic Center, the SCAD Museum and Forsyth Park, and is a short drive to several top area employers, including Georgia Ports Authority – one of the busiest container gateways in the nation – Gulfstream, Hunter Army Airfield, St. Joseph's Hospital, and Mitsubishi Hitachi Power System's North American headquarters. The hotel's charming design is reflective of the surrounding Savannah community, known for its stunning buildings, iconic city squares and parks, and coastal landscapes.
The Cambria Hotel Savannah Downtown Historic District, which participates in Choice Privileges, the award-winning loyalty program from Choice Hotels, features upscale amenities and approachable indulgences that appeal to today's travelers, including:
Multi-purpose indoor and outdoor spaces, including a lobby bar, for productive work or relaxation.
Locally inspired design décor, reflecting the unique personality of the surrounding National Historic Landmark District community.
Contemporary and sophisticated guest rooms, complete with design forward fixtures, abundant lighting and plush bedding.
Immersive, spa-style bathrooms with Bluetooth mirrors.
Onsite dining with freshly made food, local craft beer, wine and specialty cocktails, as well as to-go options.
Multi-function meeting and event spaces.
State-of-the-art fitness center.
The Cambria Hotel Savannah Downtown Historic District showcases how Choice Hotels has become the go-to challenger brand for developers looking to move to upscale with the flexibility to build at a reduced cost while retaining a design-forward experience. This property was developed by HOS Management Group, a second-generation hospitality and development group with over 30 years of industry experience managing a diverse collection of iconic hotel brands, and is managed by Peachtree Hotel Group, a private equity management firm focusing on opportunistically deploying capital across its distinct operating and real estate divisions.
There are currently over 65 Cambria hotels open across the U.S. in popular cities such as Chicago, Los Angeles, New York, New Orleans, and Phoenix, with over 70 hotels in the pipeline. Cambria guests visiting any of these locations and more are able to gain enhanced rewards and benefits through the Choice co-branded, no fee credit card program.
About Cambria Hotels
The Cambria Hotels brand is designed for the modern traveler, offering guests a distinct experience with simple, guilt-free indulgences allowing them to treat themselves while on the road. Properties feature compelling design inspired by the location, spacious and comfortable rooms, flexible meeting space, and local, freshly prepared food and craft beer. Cambria Hotels is rapidly expanding in major U.S. cities, with hotels open in Chicago, Los Angeles, Washington DC, Nashville, and Phoenix. There are currently more than 65 Cambria hotels open and nearly 70 hotels in the pipeline. To learn more, visit www.choicehotels.com/cambria.
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TRAVEL TECHNOLOGY
businesswire | April 17, 2023
Harvest Portfolios Group Inc. is pleased to announce the completion of the initial offering of Class A Units of the Harvest Travel & Leisure Income ETF pursuant to a prospectus dated April 4, 2023, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Travel & Leisure Income ETF will commence trading on the TSX today under the following ticker symbol: TRVI:TSX.
TRVI captures the travel & leisure industry through a diversified index portfolio of Airlines, Cruise Lines, Hotels, Resorts, Casinos, and Online Booking Services. It earns a high monthly income distribution through the application of an active & flexible covered call option writing strategy.
The ETF is launching with an initial target yield of 10.4%. The first monthly distribution will have a record date of May 31, 2023 with a payable date of June 9, 2023.
TRVI tracks the Solactive Travel & Leisure Index GTR which encompasses the 30 largest travel & leisure related companies listed in North America by market cap. It is the same index tracked by the Harvest Travel & Leisure Index ETF, which was launched in 2021 as the first Canadian ETF to exclusively capture the travel & leisure industry.
“TRVI like TRVL is a first in Canada, offering exposure to the lucrative Travel and Leisure market with the addition of an attractive monthly income generating portfolio” said Michael Kovacs, President and CEO of Harvest ETFs. “The Travel & Leisure industry has long-term structural demand drivers, such as retiring baby boomers, and millennials that are entering their peak earnings years. We saw those when we launched TRVL in 2021. Now TRVI offers investors access to those same tailwinds, with the addition of high monthly income earned through Harvest ETFs’ active & flexible covered call option strategy.”
About Harvest Portfolios Group Inc
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $3.3 billion in assets for Canadian Investors. At Harvest ETFs, our guiding principles are premised on building wealth for our clients through ownership of strong businesses that have the potential to grow & generate steady income over time. Harvest ETFs offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
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BUSINESS TRAVEL
Mondee | April 11, 2023
Mondee Holdings Inc.a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced a new partnership with TISSINI, a social selling platform empowering U.S. Hispanic women. As part of Mondee's Affiliate Network program, TISSINI’s micro-network of 55,000 U.S. Hispanic women, who have to date been focused on selling products to their local communities, are now expanding into services with the opportunity to sell travel through Mondee's platform.
"We are excited to welcome TISSINI to our Influencer and Affiliate Network program and expand our reach to the growing Hispanic market," said Mondee's Chairman, CEO, and Founder, Prasad Gundumogula. "TISSINI's network brings a unique opportunity for us to connect with a community of consumers who frequently and consistently book travel as a way to connect with family and friends.”
Founded in 2015, TISSINI has quickly become a leading social selling platform focused on empowering U.S. Hispanic women, many of whom are single-mother entrepreneurs. The company offers a range of high-quality fashion and beauty products, and now, with Mondee’s partnership, will be able to expand its offerings to include travel services. TISSINI’s network of women entrepreneurs will now have access to Mondee’s vast inventory of travel products, including flights, hotels, car rentals, and vacation packages.
“We are thrilled to partner with Mondee and bring travel opportunities to our community of entrepreneurs and customers,” said Sion L. Tesone, Founder and CEO of TISSINI. “Travel is an important part of the Latin American culture, and now, with Mondee’s platform, we can provide our customers with even more ways to explore the world and visit their loved ones.”
Mondee’s modern Influencer and Affiliate Network program is designed to enhance the product line-up and increase growth and profitability for the growing closed groups of expert and influencer global travel affiliates. The program provides affiliates with access to Mondee’s inventory of travel products, as well as fintech, marketing and technology support to help drive sales and increase revenue.
“We believe that partnerships like this with TISSINI are the future of the travel industry,” said Mr. Gundumogula. “By leveraging each other’s strengths and expertise, we can create a win-win-win situation for everyone involved – from our affiliates to their customers, as well as our suppliers, offering unique and highly-targeted sales channels.”
ABOUT MONDEE
Established in 2011, Mondee is a travel technology company and a modern travel marketplace with its headquarters based in Austin, Texas. The company operates 17 offices across the United States and Canada and has core operations in India, Thailand, and Greece. Mondee is driving change in the leisure and corporate travel sectors through its broad array of innovative solutions. The company’s platform processes over 50 million daily searches and generates a substantial transactional volume annually. Its network includes 55,000+ leisure travel advisors and gig economy workers, 500+ airlines, and over one million hotels and vacation rentals, 30K rental car pickup locations, 50+ cruise lines. The company also offers packaged solutions and ancillary offerings that serve a global customer base.
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