Choice Hotels Repurchases More and More Shares
Choice Hotels' earnings exceeded low expectations, highlighted by aggressive share repurchases that historically benefit the stock.
Cooper Hotels
IHG's New Prototypes for 3 Brands
IHG Hotels & Resorts unveiled new prototype options for Staybridge Suites, Candlewood Suites, and Atwell Suites, set to roll out by Q2 2024 and debut in properties as early as 2025.
U.S. Hotels Exceed Pre-Pandemic Levels with Strong Recovery in Q1 2023
US hotels surpass pre-pandemic revenue levels in Q1 2023, with a 13% increase compared to 2019, driven by higher room rates.
Despite concerns of a recession and liquidity crisis, US hotels continue to perform well, with leisure travel showing strength and business travel gradually returning.
Significant hotel developments and renovations are underway in various US cities, including new acquisitions, expansions, and upgrades to enhance guest experiences.
Marriott Blows Past Analyst Expectations
Marriott International blew away estimates and like Hilton , reported a great earnings report on a not-so-great day in the market.
Ashford Hospitality Trust reported 1Q results, more or less in line with expectations on the hotel level.
Marriott, Hilton and IHG continue to dominate the U.S. hotel construction pipeline according to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics.