Meetings sector drives sale of hotels

On Monday, February 2nd, the Wyndham Hotel Group announced the purchase of the 24-property Dolce Hotels and Resorts group. Dolce hotels has 5,500 rooms in seven countries.

In making the announcement, Wyndham focused on Dolce’s position in the meetings sector and Wyndham’s plans to expand theirs.

The announcement said the purchase “allows Wyndham Hotel Group to expand its managed portfolio by nearly 40% with a significantly larger presence in the group and meetings segment. Dolce’s exceptional brand recognition among global meeting planners enhances Wyndham Hotel Group’s portfolio with significant group and transient cross-selling opportunities across Wyndham’s existing managed and franchised operations.”

Geoff Ballotti, president and CEO, Wyndham Hotel Group said, “Dolce is a respected leader in the group space with outstanding destination properties and some of the best meeting product offerings available in the market today. In addition, Dolce has a long, successful history of award-winning innovation in conference planning and management.”

This is a pretty clear indication that Wyndham sees the value of the meetings sector to a hotel chain’s bottom line. It puts more pressure on independents, destinations, convention centres to be on top form to deal with competition, RFPs and media requests or attracting media. Destination Doctor can help.

By allanlynch