Daily Newsletter

11 August 2023

Daily Newsletter

11 August 2023

Ascend Hotel signs six agreements, adds seven properties in Q2 2023

These new properties will be supported by loyalty programme Choice Privileges.

August 11 2023

Ascend Hotel Collection, a part of Choice Hotels International, awarded six new agreements and added seven new properties to its domestic portfolio in Q2 2023.

These new properties will be supported by loyalty programme Choice Privileges.

Under this loyalty programme, members earn points on eligible charges during their stay, which can be redeemed for reward nights at about 7,500 hotels, representing almost 630,000 rooms, in 46 countries across the world.

The recent signings feature properties in popular destinations across the US. These properties include 44-key Three Bears Resort in Warren, Wisconsin; 49-room The Bradford Hotel in Springfield, Missouri; La Créole Inn & Suites in Lafayette, Louisiana; 68-room Black Bear Inn in Orono, Maine; a 44-room property in Red River, New Mexico.

Among the recent openings to the Ascend Hotel Collection include at distinct locations, from alpine resorts to lakeside retreats. These include Graystone Lodge, Ascend Hotel Collection at Boone, North Carolina; 101-room Blue Ridge Mountains in Boone; Ascend Hotel Collection in Michigan and CityFlats Hotel - Port Huron, Ascend Hotel Collection, also in Michigan, plus many more.

Choice Hotels senior vice president and general manage for upscale brands Indy Adenaw said: "From the Blue Ridge Mountains to the scenic shores of Lake Michigan, these new hotels are a great representation of the unique offerings guests have come to expect and value from Ascend.

"As we approach a curated collection of over 360 unique hotels and resorts around the world, we look forward to welcoming even more guests, so they can experience our exceptional service and upscale offerings that enhance their exploration of the destination."

Choice Hotels operates in the upscale segment with brands Ascend Hotel Collection, Radisson and Cambria Hotels.

Earlier this week, Choice Hotels International posted net income of $84.7m in the second quarter of 2023, a decline of 20% from $106m in the year-ago quarter.

Demand for upscale and luxurious products has been rising steadily in the travel and tourism sector

The theme of premiumization, and the upscale and luxury markets, now have the opportunity to thrive in an industry that has had to rapidly change to meet new changes in traveler demands. The increased need for privacy, a greater focus on health and wellbeing, a desire to tick off ‘bucket list’ experiences, unintentional saving of money, the tendency to take longer trips, the focus on eco-tourism, and an increase in millionaires means the theme of premiumization will continue to grow in importance. The travel industry will experience a surge in demand for higher-end and customized offerings as experiential consumption keeps growing. For many, ‘premium’ means a variety of things. However, it refers to first-rate service, extreme comfort, and one-of-a-kind experiences in travel and tourism. Premiumization is closely linked to luxury travel. While premiumization attracts only a small number of global travelers, it is important for companies as it is a valuable revenue stream that is unlikely to be impacted by external factors like economic downturns. Personalization is key in premium offerings, the shift from focusing solely on premium products to an emphasis on delivering exclusive and personalized offerings is apparent. Therefore, smart destinations can help to create hyper-personalized services and products. Leveraging the Internet of Things, destinations can curate offerings based on gathering real-time data on guest preferences and behaviors. This enables the industry to transcend typical offerings and remain competitive.

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