Hospitality Industry Sees Leadership Changes

Twenty Four Seven Hotels has expanded its leadership team, appointing Brian Hughes as executive vice president for business development and promoting Damien Abrams to vice president of lifestyle brands to support growth. Crescent Hotels & Resorts has also appointed Vanessa Claspill as chief commercial officer, bringing over 20 years of experience in various hotel categories. Meanwhile, the hotel industry in Manhattan is witnessing a gradual increase in revenue per available room (RevPAR) driven by a rise in occupancy and average daily rates. Luxury properties, in particular, saw an 8.3 percent increase in RevPAR year-over-year in Q2 2024. As the US Open Tennis Championship approaches, hotels like Aman and Equinox are offering exclusive packages to enhance visitor experiences, including luxury amenities and unique transportation options. Overall, the hospitality sector is adapting and thriving amidst changing market dynamics and consumer expectations.