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North America
Club Med Says It’s Hit a Milestone
Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever. -
North America
Hotel Job Growth Slows Down
While U.S. unemployment remains below 4%, employment growth has been slowing and hotel job openings have also slowed. Wage growth outpaced inflation, but RevPAR contracted again in January. -
North America
Choice Hotels Ends Bid to Acquire Wyndham
The market liked this conclusion: both companies’ stock prices rose, with Choice Hotels up 6% and Wyndham Hotels 2%, indicating investor relief – or strategic reassessment. -
North America
Lodging Stocks Rise on U.S. Fed Statement
The Fed Chief made it pretty clear there will be no interest rates lowered for some time and the markets seemed to like the certainty. -
North America
Travel + Leisure Finalizes Accor Vacation Club Acquisition
Travel + Leisure Co. has closed the acquisition of the vacation ownership business of Accor. The acquisition is expected to be immediately accretive to Travel + Leisure Co. earnings. -
North America
Global Hotel Construction Pipeline Sets a New Record
At the close of 2023, analysts state that the total global construction pipeline stands at 15,196 projects and 2,367,727 rooms, a 7% increase in projects and a 3% increase in rooms year-over-year. -
North America
Host Hotels and Pebblebrook Report Earnings
The earnings season for hotel companies kicked into high gear with Host Hotels and Pebblebrook becoming the first REITs to show their hand. -
North America
MCR to Turn London’s BT Tower Into a Hotel
The BT Tower will be transformed into a hotel after the telecom giant inked a £275m deal to sell the London landmark to MCR Hotels. -
Asia-Pacific
Sri Lanka Steals Tourism Share From Maldives
The tensions with the Maldives have Indian tourists diverting to other coastal tourist destinations and Sri Lanka is already reaping the benefits, surpassing Maldives in the number of tourists for the first time. -
North America
Hilton’s New Partnership With Small Luxury Hotels of the World
Hilton and Small Luxury Hotels of the World announced an exclusive strategic partnership that will welcome Hilton guests to hundreds of independently minded luxury hotels in the most sought-after destinations around the world.