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🏨 🛎️ Hotel, Motel Holiday Inn
After-party in the hotel lobby, then we off to the room, like vroom!
STAYnTELL
April 20, 2024 • Estimated Reading Time: 24 minutes
In partnership with
Get ready for a wild ride through the latest hotel news,
From CEOs swimming in cash to hotels getting soaked (literally), we've got the scoop. And don't get us started on the turbulence ahead in the airline world…
🏷 Million Dollar CEOs, Minimum Wage Maids
❗️ Desert Flood, Chaos in Dubai
✈️ Turbulence Ahead
⚙️ And more…
Fasten your seatbelts, because this ride's about to get bumpy...
📈 STAYnTELL Travel Pulse
TOP GAINERS & LOSERS
United Air 51.38 (+22.92%) | Vail Resorts 202.94 (-10.59%) |
* Prices as of Apr 19th, 5:00 PM EST
⏱💥 Inn-Sights
We at the Hotel, Motel, Holiday Inn…
The hotel industry seems like a party for CEOs, while housekeepers are stuck cleaning up for chump change. The industry is projected to reach $1.27 trillion by 2031, but some workers wouldn't know it.
Industry CEOs see record-breaking compensation packages of major hotel chains. For example, Hilton CEO Christopher Nassetta reportedly took home a whopping $56.8 million in 2023.
Meanwhile MGM Resorts CEO, Bill Hornbuckle is living large! He rakes in over a million bucks per property, as MGM only manages a 31 properties globally. His compensation was around $38 million.
Meanwhile, Hilton's got more hotels than there are days in a year (7,500 globally). Guess they can't afford to pay their CEO a cool $7.5 billion for running that empire.
🥊🏆 Hilton and Marriott are fiercely competing in the hotel industry. Hilton is aggressively acquiring brands, while Marriott focuses on renovating existing properties instead of constructing new ones.
🤔 📈 Despite the record growth, hotels are understaffed by about 225,000 workers compared to pre-pandemic levels. While the situation is improving, they are still struggling to fill open positions.
👀 🏨 Curious about who dominates the hotel industry? Look to the hospitality giants. Choice Hotels (Cambia, Comfort, etc.), Hilton (Waldorf Astoria, Hampton, etc.), Marriott (Ritz-Carlton, Courtyard, etc.), Wyndham (La Quinta, Super 8, etc.), and IHG (Holiday Inn, Crowne Plaza, etc.)
Although Marriott runs supreme controlling over 30 brands.
…The future is here, get ready to book a room in a flying hotel….speaking of flying, WTF Boeing, more on that down below 👇️
10 Largest Hotels in the U.S based on number of locations - Source: ScrapeHero
✨ 🛎️ Suite Spotlights
Hotel Happenings: Beyond the Lobby Lounge
Bye Bye Tropicana - source istock and Oakland Athletics
An historic mob-era hotel in Vegas just got whacked, by a baseball bat (literally). The Tropicana is getting demolished to make way for a new $1.5 billion stadium, showcasing the city's changing face.
🌆 💰Speaking of Vegas, the Fontainebleau cost $3 billion to construct and is the tallest hotel in the city. It boasts 3,644 rooms, 7 pools, and a whopping 36 restaurants.
🌑 🎤 Remember the astronomical hotel prices during the recent eclipse? Get ready for the "Swiftian Surge,” Taylor Swift concerts causing hotel rates in Europe to jump by a whopping 154%.
🔥 🏨 The Shining" Hotel Burns! The Timberline Lodge in Oregon, famously featured in the chilling film, recently suffered a fire. (Thankfully, everyone is safe! Including Johnny).
🧳🚀 News Travels Fast
ICYMI
💬 ICYMI… Quick travel news & updates for your weary, jet-lagged mind. Boeing and airlines continue to dominant headlines.
One thing's for sure, turbulence is rocking the aviation industry.
🛫 Boeing telling employees to shut up! The aviation giant is weathering a storm of safety concerns. Recent Senate hearings, with a whistleblower alleges problems with the 787 and 777 models. Boeing disputes these claims. (Hey Boeing, can you get your sh%t together, sincerely everyone who flys)
🔧 Is this solely a Boeing issue? Not exactly. Airline mechanics are under fire for their lax safety practices. Alaska Air was recently grounded by the FAA due to a technical glitch. Despite this, Delta's CEO, while expressing confidence in Boeing, recognizes the necessity for production process enhancements.
🌧️ Dubai faced flooding, mainly due to heavy rain, but there's uncertainty about the cause. The airport CEO denied cloud seeding, but mentioned “we’ve never seen anything like this.” The deluge, equivalent to a year and a half of rain in 24 hours, overwhelmed infrastructure, causing chaos citywide.
Hey Boeing, can you guys stay outta news please! Subscriber Bernie already has a fear of flying and her new saying is: “If it’s a Boeing, We ain’t going…”
But….when Bernie flys, she uses 👇️
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🧳🚀 Thanks For Reading
We've reached our destination, we hope you found our flight through the news enjoyable.
See you in the clouds,
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