SHERIDAN, WYOMING – February 18, 2025 – SHERIDAN, WYOMING – Feb. 18, 2025 – The historic partnership between Sparco and Lancia, a motorsport powerhouse during the Eighties and Nineties, is back and stronger than ever as the world-renowned brand makes its return to racing.

A Reunion of Legends

The reunion of these two legendary and iconic Turin-based brands was made official during the “Rally Racing Meeting”—the annual event organized by Miki Biasion which was held on February 8th and 9th at the Vicenza Expo Center with over 10,000 attendees—during a presentation at the really appreciated Lancia stand. The brands are essentially going back to the future in style, uniting heritage and innovation to support Lancia’s return to motorsports and, more generally, to allow fans to feel part of a brand which has always had racing in its DNA.

Supporting Lancia's Return to Motorsport

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry is experiencing a wave of new leadership appointments, with several prominent hotels and groups announcing key hires this week. These appointments signal a focus on growth, enhanced guest experiences, and strategic revenue management. From regional general managers to cluster directors of revenue and executive chefs, these individuals bring a wealth of experience and innovative ideas to their new roles.

Choice Hotels EMEA Promotes Tobias Reinecke

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – Over the past decade, the concept of luxury has evolved dramatically. Once defined by opulence, exclusivity, and grandeur, it is now centered around authenticity, purpose, and transformative experiences. Today’s travelers seek more than material indulgence—they crave meaningful connections, personal enrichment, and experiences that go beyond traditional luxury.

The Evolving Concept of Luxury

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – According to Holistique Training’s Evolution of Hospitality Industry Trends, the hospitality industry is undergoing a profound transformation driven by shifting consumer expectations, technological advancements, and a growing focus on sustainability and well-being. In response, hotels worldwide are investing in renovations to meet the demands of the modern traveler.

Understanding the Modern Traveler

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry has historically focused on primary markets, but exciting opportunities lie in secondary and tertiary markets. These markets offer a balanced approach to risk and the chance to contribute to local economies while meeting evolving traveler preferences. This combination makes them valuable for the future of hospitality.

Why Focus on Secondary and Tertiary Markets?

Our philosophy at Edgewater Group centers on risk management. Secondary and tertiary markets offer a more predictable risk-return balance. Unlike primary markets with extreme value fluctuations, these smaller markets offer stability and steady, sustainable growth. This stability makes hotel investments less vulnerable to economic downturns.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry's recovery has significantly altered financing needs. Hotels now require capital for technology upgrades, sustainability initiatives, and operational enhancements, in addition to traditional expansions. This necessitates a thorough understanding of both traditional and alternative financing sources. This article, by Sanat Patel, Chief Lending Officer, AVANA Companies, explores the comparative advantages of banks and private lenders in supporting these evolving needs.

Stability vs. Flexibility

Banks: Operating within a highly regulated environment, banks offer stability and predictability. Their adherence to federal oversight provides a secure framework for borrowers, making them attractive for those seeking reliable partnerships and predictable terms.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – Owner's representatives play a crucial role in transforming hotel developments from concept to reality, ensuring that every phase of the project aligns with the owner's vision, budget, and timeline. In today’s complicated hospitality construction landscape, project owners can become overwhelmed trying to make smart financial decisions while juggling a multitude of contractors and subcontractors who may have differing opinions. With construction costs rising higher than ever, more and more hotel owners are looking towards owner representatives to help navigate the complexities of construction projects.

What is an Owner’s Representative?

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of fourth quarter of 2024, showing minimal change year-over-year (YOY).

Projects Under Construction and in Planning

Projects currently under construction stand at 2,753 projects/491,966 rooms, up four per cent by both projects and rooms YOY. Projects scheduled to start construction in the next 12 months stand at 357 projects/62,112 rooms at Q4, while projects in the early-planning stage dropped slightly to 669 projects/127,837 rooms.

Segment Preferences and Growth

Upper-Midscale and Upscale Segment Dominance

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The Chelsea Hotel, Toronto has appointed Shane Downey as its new managing director. Downey brings over 20 years of experience in the hospitality industry, having worked with major brands like Marriott and Hilton in Europe, the Middle East, the U.S., and Canada.

Downey's Extensive Hospitality Experience

Downey's career has been marked by success in various roles across diverse hotel categories, including five-star luxury, select-service, and extended-stay properties. He has a proven track record in leading hotel openings, rebrandings, and renovations, as well as managing multi-million dollar capital projects.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING - Feb. 17, 2025 - Indigenous Tourism BC (ITBC) has launched a new Indigenous-Owned designation and a refresh of the existing Authentic Indigenous designation. Honouring quality and authenticity, both designations promote Indigenous tourism businesses across British Columbia, ensuring travellers can identify and engage with cultural experiences and businesses in a meaningful way.

The new Indigenous-Owned designation is granted to tourism businesses that are at least 51 per cent owned and operated by Indigenous individuals or organizations. More than 300 Indigenous-owned tourism businesses have received the designation.