Airbnb is on its way to becoming a hotel company

Travel Daily Media | December 10, 2019

After disrupting the billion-dollar hotel industry, Airbnb is slowly straying away from its roots of listing private houses and rooms to becoming more of a hotel company. Airbnb is partnering with Newgard Development Group to open a 48-story tower in Miami called Natiivo that will feature 412 condos and 192 hotel rooms — all of which will be listed and can be rented out via Airbnb. Natiivo, which will open in 2020, claims to be the first property to be designed specifically for home-sharing. Airbnb-branded towers are rising in cities like Miami, Austin, Nashville, and Orlando. Natiivo towers are not owned by the tech company, but Airbnb will be a branded partner and provide consultation on interior design.

Spotlight

Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Its colonial core centers on the Padang, a cricket field since the 1830s and now flanked by grand buildings such as City Hall, with its 18 Corinthian columns.


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HOSPITALITY TRENDS

Trinity Investments Acquires Fifty Percent Interest in Omni San Diego Hotel

Trinity Investments | December 22, 2021

An investment fund managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), announced the acquisition of a 50 percent interest in Omni San Diego Hotel from JMI Realty, who originally developed the hotel in conjunction with Petco Park in 2004. Omni Hotels & Resorts (“Omni”) owns the remaining fifty percent interest in the hotel and will continue to manage it. The acquisition also includes more than 13,000 square feet of fully leased, street-level retail space, located across the street from the hotel.Situated in the heart of the historic Gaslamp Quarter, adjacent to Petco Park and across from the San Diego Convention Center, the 511-key, AAA 4-Diamond, award-winning Omni San Diego Hotel is located in a highly trafficked area and benefits from numerous demand generators. Trinity and Omni plan to take advantage of strategic opportunities, including a multimillion-dollar capital improvement plan involving a comprehensive renovation of guestrooms, a reimagination of the food and beverage offerings, and the enhancement of the hotel’s rooftop pool deck, fitness center and other amenities. “We are pleased to acquire, what we believe to be, one of the best-located hotels in San Diego, and to partner with Omni to unlock the hotel’s full potential,In partnership with Omni, our teams have identified numerous opportunities to drive higher revenues and position the hotel as the premier destination in the market for business and leisure travel.” -Sean Hehir, Managing Partner, President and CEO of Trinity Over the last 10 years, the San Diego lodging market has demonstrated robust growth as a top drive-to, leisure destination, and highly desirable locale for business gatherings. The downtown area is experiencing significant redevelopment, with several large office and life science development projects underway, as well as the anticipated future expansion of the San Diego Convention Center, all of which projected to drive increased demand for well-appointed hotels. In conjunction with their capital improvement plan, and factoring in the area’s redevelopment activity, Trinity and Omni plan to shift current demand segmentation to higher-rated transient and group business. “This is a mutually important and strategic business alignment between Omni Hotels & Resorts and Trinity,We are especially excited to partner with Trinity, given their current portfolio of premier assets, and their dedication to elevating the hotel’s presence and impact in the San Diego market.” -Omni Hotels & Resorts’ President Peter Strebel. The Omni San Diego Hotel represents Trinity’s third acquisition on behalf of Trinity GP Fund I L.P., Trinity’s inaugural U.S. commingled hospitality fund, following its acquisitions of the 352-key EAST Miami and the 305-key W Hollywood, earlier this year. About Trinity Real Estate Investments LLC Trinity is a private real estate investment firm with a 26-year history of specializing in value-add opportunities. Based in Honolulu, Hawaii, with an office in Beverly Hills, California, Trinity focuses on unique real estate investments in world-class markets and has invested more than $8 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. Trinity is based in Honolulu, Hawaii, with an office in Beverly Hills, California. For additional information, please visit Trinity’s website at www.trinityinvestments.com. About Omni Hotels & Resorts Omni Hotels & Resorts creates genuine, authentic guest experiences at over 50 distinct luxury hotels and resorts in leading business and leisure destinations across North America. With more than 21 iconic golf courses and multiple short courses, 24 award-winning spas featured in dynamic locales nationwide, every Omni proudly opens its doors to share the true spirit of its destination. Reflected through local color, personalized service, unique wellness options, signature restaurants and creative culinary offerings, Omni leaves a lasting impression with every guest and a heightened level of recognition and rewards delivered through its Select Guest® loyalty program. Omni is committed to reducing hunger and is on a mission through its Say Goodnight to Hunger initiative to provide millions of meals each year for food banks to feed children, families, and seniors in communities in which it operates. Through its partnership with Shared Hope International, Omni is dedicated to the education and training of its associates to help combat human trafficking. Omni Hotels & Resorts is the official hotel of the PGA TOUR® and PGA TOUR Champions. For information or to book accommodations, visit www.omnihotels.com or call 1-800-The-Omni.

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HOSPITALITY TRENDS

Marriott International Signs Agreement With Sunwing Travel Group to Debut Royalton Splash Riviera Cancun

Blue Diamond Resorts | May 23, 2022

With a dynamic and growing selection of all-inclusive experiences across the Caribbean and Latin America, Marriott International, Inc. announced the signing of Royalton Splash Riviera Cancun to join its growing all-inclusive portfolio. Expected to open in late 2022, Royalton Splash Riviera Cancun is owned and managed by Blue Diamond Resorts and will join the All-Inclusive by Marriott Bonvoy portfolio, which includes close to 30 immersive getaways in 8 locations across the Caribbean and Latin America. We are thrilled to continue working with Blue Diamond Resorts & Hotels to add another exciting all-inclusive resort to the All-Inclusive by Marriott Bonvoy portfolio, said Laurent de Kousemaeker, Chief Development Officer, Caribbean and Latin America, Marriott International. “The Autograph Collection Hotels brand champions individuality with each hotel being a product of passion, making this brand an exceptional fit for this significant project and the other 20 Blue Diamond Resorts that have joined the collection. Set to debut in late 2022, the 1,049-room Royalton Splash Riviera Cancun will bring an exciting new all-inclusive resort and waterpark to one of the world’s most vibrant vacation destinations. Additionally, the resort is expected to offer encapsulating experiences through its distinct personality including a theater, bowling alley, unique water attractions, and immersive culinary encounters at a dozen on-property restaurants and nine bars all amidst stunning views of the Caribbean Sea. “We are excited for Royalton Splash Riviera Cancun to join Marriott’s Autograph Collection brand, Today’s announcement reinforces Blue Diamond’s position as one of the fastest growing hotel chains in the Caribbean.” -Jordi Pelfort, President, Hotels and Resorts of Sunwing Travel Group Redefining and elevating the segment, All-Inclusive by Marriott Bonvoy brings together several of Marriott International’s iconic brands, unsurpassed operational expertise, and the over 164 million Marriott Bonvoy members, creating exciting new opportunities for guests. Marriott International entered the all-inclusive space in 2019 with the acquisition of Elegant Hotels’ seven hotels in Barbados. In 2021, the company announced a long-term agreement with Sunwing Travel Group’s hotel division, Blue Diamond Resorts, to add 20 hotels into the portfolio, moving Marriott International into the top 10 of global all-inclusive players. Current all-inclusive resort locations include Antigua, Barbados, Costa Rica, Dominican Republic, Grenada, Jamaica, Mexico, and St Lucia. Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram. About All-Inclusive by Marriott Bonvoy Encompassing eight leading brands, All-Inclusive by Marriott Bonvoy is Marriott International’s all-inclusive platform, offering unparalleled amenities, diverse culinary options, and endless experiences for all ages, and tailored for each brand. The growing portfolio of close to 30 immersive getaways in spectacular destinations include The Westin Reserva Conchal, an All-Inclusive Golf Resort & Spa in Costa Rica and Royalton Antigua, An Autograph Collection All-Inclusive Resort & Casino. All-Inclusive by Marriott Bonvoy is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. About Autograph Collection® Hotels Autograph Collection Hotels advocates for the original, championing the individuality of each of its over 260 independent hotels located in the most desirable destinations across 44 countries and territories. Each hotel is a product of passion, inspired by a clear vision, soul, and story that makes it individual and special: Exactly Like Nothing Else. Hand-selected for their inherent craft and distinct perspectives on design and hospitality, Autograph Collection properties offer rich immersive moments that leave a lasting imprint. For more information, please visit www.autographhotels.com, and explore on social via Instagram, Twitter, and Facebook to be inspired by immersive moments that are #ExactlyLikeNothingElse. Autograph Collection is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. About Blue Diamond Resorts Since its inception in 2011, Blue Diamond Resorts has curated an impressive portfolio encompassing 45 properties, exceeding 15,000 rooms in ten countries. Taking a proactive approach to differentiating brands under each market’s demands, the resort management company caters to a range of budgets and interests from adult-only elegant getaways to fun-filled family vacations. Award-winning, All-In Luxury® Royalton Luxury Resorts offers signature amenities including All-In Connectivity™, modern Sports Event Guarantee™ and in-suite wellness elements. Royalton Luxury Resorts’ adults-only sub-brands include Hideaway at Royalton, an adults-only experience with exclusive dining and preferred accommodations, plus the stylish lifestyle resorts where you can Party Your Way, Royalton CHIC, located in the Caribbean’s best beachfront locales. In Jamaica, Grand Lido Negril provides those over 21 with an upscale and luxurious naturist vacation along with a secluded shore for the utmost privacy. Memories Resorts & Spa offers a vacation designed to impress the entire family, while Starfish Resorts provides amazing value for customers in convenient locations. Planet Hollywood Hotels and Resorts invites guests to Vacation Like A Star™ with an engaging and interactive experience, plus famous pop culture items from iconic movies, music and sports. Mystique by Royalton, a boutique-style resort collection, offers personalized vacations in strikingly beautiful locals full of endless adventures. To learn more about Blue Diamond Resorts, please visit www.bluediamondresorts.com

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TRAVEL TECHNOLOGY

Rêv & Visit Mexico Establish Payments & Loyalty Innovations Partnership Focused On Strengthening Cross Border Travel Engagement

Rêv | January 07, 2022

Rêv Worldwide, Inc. (“Rêv”), a global payments & loyalty product innovations company, and Visit Mexico, Mexico’s official tourism marketing agency, announced a multi-year strategic partnership aimed at fostering cross border tourism by leveraging innovative digital products and services that facilitate engagement, convenience and value for the travel sector.With the introduction of the X World Wallet, a multi-currency debit account accessible by downloading a mobile app, linked to physical and digital Visa cards, and integrated loyalty program, Rêv and Visit Mexico take a first step in offering a suite of products and services with a mission to promote tourism activity for one of the world’s most important travel corridors. The X World Wallet, now available nationwide, puts in the hands of its users a powerful tool that facilitates international transactions, discounts on travel bookings, and a points based loyalty program that helps maximize value for the user. While there are a variety of branded and co-branded credit products targeting the travel market, the availability of a mobile-first debit product that combines payments, foreign currency exchange, loyalty, and bookings is part of a recent wave of innovation that is giving consumers an alternative from credit cards with application requirements, high annual fees, interest rates and restrictive loyalty programs. “We are proud to be working side by side with Visit Mexico to put our technology to work so that travelers can access relevant and hassle free tools to facilitate their journey,” -Bertrand Sosa, President & Chief Marketing Officer, Rêv Worldwide. Given continued pandemic impacts globally across the travel industry, consumers and industry players alike are seeing how digital solutions play an even more important role in helping to reduce friction as well as open the opportunity to enhance key aspects of the travel experience. While the pandemic has decimated the travel industry globally, Mexico is one of the few countries who kept air travel open throughout the challenging times. The World Tourism Organization (WHO) estimates Mexico was the third most-visited country in the world in 2020. “As we continue to establish Mexico as the best destination for travelers from around the world, we are excited to collaborate with Rêv on the development of useful products that help us connect with travelers and help make their travel experience better - beginning with making it easier, cheaper and safer for Americans to transact in our country,” -Carlos Gonzalez Gonzalez, Chief Executive Officer, Visit Mexico. In a recent report citing travel recovery trends, Ryan Felipe, Visa’s Head of North America Cross Border Business noted, “Travelers continue to seek digital-first experiences throughout their journeys – from planning and booking to paying for dining and shopping while on the road. This provides an opportunity for financial service providers and businesses to drive increased engagement with their customers via trigger-based offers and messaging to drive loyalty. The X World Wallet offers users access to person-to-person payment transfers, tap-and-go purchase convenience, virtual and digital pay card functionalities, block/unblock account security features, and an integrated support platform to automatically contribute to climate change initiatives. The no credit check, low fees, no application reloadable X World Wallet™ Visa Debit cards available on the X account are issued by Texas First Bank, pursuant to a license by Visa Inc., and subject to cardholder Terms & Conditions. There are no offline or online purchase transaction fees, or foreign conversion fees when using the X World Wallet Visa card(s). Standard ATM fees and applicable FX rates do apply. For more information on the X World Wallet, visit xworldwallet.com. Rêv and Visit Mexico are also collaborating on making available the X World Wallet in Mexico in early 2022 so Mexicans traveling abroad may also enjoy the benefits US tourists have access to now. About Rêv Rêv is a fintech company, founded by prepaid debit industry pioneers Roy Sosa and Bertrand Sosa, dedicated to delivering innovative payment experiences to consumers worldwide. Its solutions are powered by the company’s proprietary multi-currency and multi-language payments processing platform. With vast experience developing payment industry innovations, Rêv is focused on the general, international banking & travel sectors. Rêv has partnered with companies across the globe to launch products in the Americas, Europe, the Middle East, and Asia-Pacific. Learn more at revworldwide.com. About Visit Mexico Visit Mexico, the official brand under which Mexico’s Tourism Board has promoted domestic and international travel within-and-to Mexico for years, is now a private-government collaboration operating as the official marketing agency in charge of developing tourism campaigns, partnerships, and innovative operating models to further tourism activity for the country around the world. For more information visit visitmexico.com.

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INDUSTRY OUTLOOK

Consumers’ Shifting Behavior Continues Reshaping Travel Industry's Future

Travel Pulse | December 14, 2021

Data intelligence company Morning Consult has released its ‘State of Travel and Hospitality’ report for 2021’s fourth quarter. The objective of its analysis was to discover how consumers are changing the sector’s future amid the ongoing pandemic by surveying over 9,000 adults across the Americas, Europe and the Asia-Pacific region. The firm found that that the travel industry is, indeed, rebounding, although slowly. Especially given the recent rise of fast-spreading strains, like the Omicron and Delta variants, COVID-related health concerns remain a factor for potential travelers; as do vaccination, testing and quarantine requirement at their intended destination, including confusion about what the actual regulations are at any given time.Sixty-four percent of U.S. adults said they’d traveled within the past year, more than 25 percent in the past month alone. It was discovered that younger generations—Millennials and Gen Zers—and high-income consumers were found to be more likely to travel than their older and poorer counterparts. One of the trends it examined is the pandemic-fueled increase in air rage. COVID-related airline (and federal) mandates, specifically when it comes to mask-wearing, prompted a steep rise in incidents of passengers refusing to follow the rules aboard their flights. From verbal rants and offensive language to physically assaulting crew members and fellow flyers, “unruly passengers” have become an all-too-common problem. According to Morning Consult’s survey, 41 percent of Americans have actually avoided domestic travel during the pandemic, due to concerns about how their fellow passengers might act aboard the plane. And, 63 percent are at least slightly concerned that an “air rage” incident will occur on their next flight, and 21 percent said they’re either “very” or “extremely” concerned.Just as with face masks, COVID-19 vaccines quickly became a highly politicized issue, with an already-polarized America split in their perceptions about COVID-related precautions and the virus itself. Consumer support for vaccination mandates, while polarized across party lines, is actually rather high when it comes to air travel. Sixty-three percent of Americans believe vaccination should be required when flying internationally, while 60 percent also said they should be required of passengers flying domestically. Travelers are also approaching travel planning differently and reorganizing some of their priorities. Leisure travelers have become accustomed to the idea that their plans may need to change at a moment’s notice. From consumers, the industry is seeing shorter booking windows, higher importance placed on flexibility and even a willingness to spend more money to ensure their plans are reschedulable. Price still remains the primary concern in booking travel, followed by brands’ safety measures.Then, there’s the business travel segment, which everyone foresaw would start rebounding only after the return of leisure travel. The fast rise and widespread adoption of remote-working and virtual-meeting technology prompted by the pandemic seem to have permanently displaced a portion of the business travel market. Now, 39 percent of regular U.S. business travelers say they’ll never go on another work trip again. Those who do travel for business are likely to do so closer to home, bound by tighter corporate policies and smaller budgets. The data actually revealed that one in every five business trips taken over the next year will just be day trips.

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Spotlight

Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Its colonial core centers on the Padang, a cricket field since the 1830s and now flanked by grand buildings such as City Hall, with its 18 Corinthian columns.

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