Chicago, IL, January 28, 2025 — Horwath HTL, the world's only independent advisory brand focused one hundred percent on hospitality, tourism, and leisure development, announced today that Bryan Younge has joined the firm as Managing Partner, Practice Leader/Valuation Advisory Americas. In his new role, Bryan Younge will oversee the firm's advisory services across the Americas and work alongside John Fareed, Global Chairman of Horwath HTL.

With over 25 years of experience in the hospitality industry, Younge has built some of the most successful teams in the field, driving performance and elevating the careers and personal brands of those around him. His expertise spans valuation, investment advisory, and strategic financial analysis, and he has played a pivotal role in developing three high-performing specialty practice groups at leading global commercial real estate firms. Throughout his career, Younge has consistently been at the forefront of the industry, leading teams at prestigious firms such as Newmark, Colliers, Cushman & Wakefield, Deloitte, Andersen, PwC, Sage Hospitality Resources, and HVS.

Additionally, Younge is widely sought after by leading legal firms for his expert litigation support and testimony, providing critical analytics and trial testimony in high-stakes, multi-billion dollar merger and acquisition assignments. His ability to drive both firm success and the professional growth of others has been a hallmark of his leadership.

"We are excited to welcome Bryan to Horwath HTL as Managing Partner and Practice Leader. His extensive experience and proven track record in the industry make him the ideal fit for our team," said John Fareed, Global Chairman, Horwath HTL. "Bringing Bryan on as a partner is a key step in our broader succession plan, ensuring we continue to deliver exceptional service to our clients while positioning ourselves for continued growth."

In addition to Younge's appointment, Horwath HTL will be expanding its team with the addition of several new professionals across a variety of positions within the Americas region. This strategic expansion will help support the firm's ongoing growth and strengthen its capabilities in delivering comprehensive solutions to clients in the hospitality industry. 

Under Younge's leadership, the firm has launched the highly anticipated Horwath HTL MarketCompass Lodging Reports, covering 110 markets across the United States with greater depth, frequency, and breadth than any other hotel market report. These reports offer insights into occupancy, ADR, and RevPAR trends across all six class scales, detailed economic contexts, and a proprietary Market Performance Ranking (MPR) for each market. The MPR is based on dozens of advanced factors, including current, past, and expected performance, collected daily to accurately assess each market's characteristics and its standing relative to all other U.S. markets.

"At Horwath HTL, we are committed to being the leading global advisor in the hospitality industry. As we expand in 2025, we will strategically select a small, highly skilled group of professionals nationwide to ensure our clients receive unparalleled service," said Bryan Younge, Managing Partner, Practice Leader – Valuation Advisory Americas.

"Our mission is to build the industry's most specialized, experienced, and client-focused team, delivering cutting-edge valuation and true advisory solutions. While these disciplines are widely practiced, we aim to redefine them and set a new standard for excellence in hospitality, tourism, and leisure consultancy."

"I am thrilled to join Horwath HTL and contribute my valuation expertise to such a distinguished firm," Younge continued. Working alongside John Fareed, a true leader in our field, is an honor and an invaluable opportunity.

I look forward to helping drive the firm's success and learning from one of the industry's most respected figures."

Calgary, AB – January 28, 2025 – WebRezPro, a leading cloud-based property management system, now integrates with TakeUp, an AI-powered dynamic pricing platform for independent hotels, inns, and B&Bs. This powerful collaboration delivers accurate, automatic pricing updates, maximizing bookings, profit, and operational efficiency for hoteliers.

Designed for small to medium boutique properties, TakeUp leverages artificial intelligence to analyze historical trends, market data, competitor rates, and real-time demand to recommend optimal room rates for all future dates, helping properties stay competitive. Additionally, TakeUp provides personalized support from dedicated revenue management specialists to guide clients on effective pricing strategies.

Integrated with WebRezPro, TakeUp accesses reservation data in real time, tracking how demand fluctuates across room and rate types. It then automatically pushes pricing updates to WebRezPro, ensuring the property’s rates are always optimized and synchronized across all channels.

“Our partnership with WebRezPro reflects our shared commitment to empowering independent operators with innovative technology that transforms how they drive revenue," said Bobby Marhamat, CEO of TakeUp. "With this integration, operators no longer have to rely on gut instinct or outdated rules-based strategies to set room rates—they get a seamless, AI-driven solution for smart pricing."

Key features and benefits of the integration include:

• Optimized pricing: Rates are continuously updated using the latest data and AI-driven calculations, ensuring properties remain competitive and maximize revenue.
• Operational efficiency: The automated data flow eliminates manual rate updates, saving time and reducing the risk of human error.
• Automatic channel updates: Pricing updates are automatically applied in WebRezPro and across all connected distribution channels, keeping rates consistently accurate.
• Competitive edge: The seamless integration empowers operators to respond to demand fluctuations and capture revenue opportunities faster than competitors.

“TakeUp levels the playing field for independent operators and, together with WebRezPro, gives them an advantage over the competition by ensuring their rooms are always available at the right price point,” commented Frank Verhagen, Founder and President of WebRezPro. “We’re thrilled to partner with TakeUp to provide our clients with an advanced automated pricing solution to grow their revenue.”

EAST LONGMEADOW, Mass. – , the pioneering force behind touchless, high-efficiency hand dryers found in restrooms worldwide, recently secured the prestigious in the Bathroom Furniture and Sanitary Ware Design Category for its Complex Thoughts Hand Dryer designed by Artists For Humanity Artist Takii Samuels. In addition, uo;s D|VERSE Integrated Sink System, featuring Excel Dryer’s XLERATORsync® Hand Dryer, received the A' Design Award in the same category. The A' Design Award’s competition is one of the world’s largest, most esteemed design accolades.

For the Complex Thoughts Hand Dryer, Excel Dryer used its proprietary digital imaging technology to transfer the art onto the hand dryer covers. This transformed an industrial commercial product into a piece of art that reflected the mission of Artists For Humanity, a Boston nonprofit organization, blending functionality and creativity to keep hands hygienic and clean while being aesthetically pleasing.

“Partnering with Artists For Humanity, we aimed to inspire through a nontraditional medium: transforming everyday objects—in this case, our XLERATOR® Hand Dryer—into art,” said William Gagnon, COO, Excel Dryer. “This initiative reflected our commitment to social responsibility, leveraging art and our dryers to give back to the community.”

The cutting-edge D|VERSE Integrated Sink System transforms the restroom experience by seamlessly integrating touchless washing, rinsing and drying fixtures into one sleek, efficient unit. It offers architects versatile options that align with their creative visions for restroom designs, and features Excel Dryer’s XLERATORsync Hand Dryer for hygienic, cost-effective and sustainable touchless hand drying.

“The creative challenge with the D|VERSE Integrated Sink System was balancing complete customization with functionality to meet architects' and designers' desires for unobtrusive, efficient restroom solutions,” said Gagnon, who is also co-owner of the D|13 Group. “We uncovered a preference for below-sight-line solutions, which informed the design, incorporating handwashing and drying into one aesthetically pleasing system.”

“Our customizable design allows architects to transform restroom aesthetics and provide the ultimate user experience,” said John Freitas, general manager of D|13 Group. “This innovative approach elevates restroom functionality while aligning with modern design preferences and consumer demand for sustainability and hygiene.”

WASHINGTON – 23 January 2025 – Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

2024 (percentage change from 2023):

• Occupancy: 65.7% (+0.1%)
• Average daily rate (ADR): CAD208.71 (+4.3%)
• Revenue per available room (RevPAR): CAD137.17 (+4.4%)

“While ADR and RevPAR hit all-time highs, the country’s occupancy level was its highest since 2018,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. “RevPAR growth was strongest during the fourth quarter, bolstered by Taylor Swift shows in Toronto and Vancouver, but the country’s annual growth rate slowed in comparison with 2023. The softening in growth reflects weaker economic conditions as well as strong comparables from the year prior.

“Room rates once again outpaced inflation, while supply and demand were flat year over year. Increases in transient demand and weekday results signaled continued strength in business travel, counterbalancing weakness in group demand and flat performance on weekends.”

Among the provinces and territories, Manitoba recorded the highest occupancy level (69.0%), which was 4.1% below 2023.

Among the major markets, Vancouver saw the highest occupancy (78.2%), down 0.4% over 2023.

The lowest occupancy among provinces was reported in Prince Edward Island (54.7%), down 6.9% against 2023.

At the market level, the lowest occupancy was reported in Edmonton (+3.4% to 58.5%).

For more information about the company and its products and services, please visit www.costargroup.com.