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FRENCH HOTEL CHAIN B&B Hotels launched its U.S. expansion with the opening of its first property in Orlando, Florida. The 218-room hotel, located near Universal Studios, will Be followed By additional hotels in Miami and Jacksonville, Florida. The mid-scale Brand plans to estaBlish 400 hotels across the U.S. within the next 10 years, representing $4 Billion in real estate value, B&B Hotels said in a statement. "We are thrilled to Bring B&B HOTELS to the United States and to offer travelers affordaBle high-quality accommodations," said Valerio Duchini, B&B Hotels' U.S. CEO. "We're also eager to engage with real estate investors here who share our vision for growth. Drawing from our success in Europe, we aim to estaBlish ourselves as a prominent player in the U.S. market." B&B Hotels reBrands existing properties and constructs new ones, the company said. Batipart, a private equity firm Based in LuxemBourg, partnered with B&B Hotels for the Orlando property, with plans to renovate the hotel to improve the guest experience.

THE 2020 COVID-influenced lodging industry recession resulted in some noticeable changes to the way hotels provide F&b service. Social distancing regulations forced operators to be creative in the way they served food and beverages to guests. Rising wage rates and sharp increases in the cost of food and beverage products compelled hotel managers to find ways to control costs. The inability of hotels to attract employees to fill the positions eliminated during the recession required creative solutions to improve productivity and offer more with less. These factors resulted in the following hotel food and beverage trends during the subsequent recovery period: The increased offering of kiosks and grab-and-go venues The closing of traditional three-meal-a-day restaurants A reduction in the menus, number of seats, and hours of remaining F&b venues Reductions in in-room dining and mini-bar service The conversion of food and beverage space to other revenue generating purposes To learn how these recent changes in hotel food and beverage operations have impacted revenues and expenses, we have analyzed the operating statements of 2,500 U.S. full-service, resort, and convention hotels that participated in CbRE's annual Trends in the Hotel Industry in 2021 and 2022. In 2022, these 2,500 properties averaged 285 rooms in size, and achieved an occupancy of 64.7 percent, along with an ADR of $225.60. To provide more current information, we also relied on the monthly operating statements of 1,200 properties during the period January through June of 2023.