In Indonesia, hotel occupancy rates in several regions have plunged to as low as 20% as the budget cuts have stripped away a vital source of income for hotels.
Hotel stocks face pressure amid analyst downgrades, mixed industry performance data, and various property transactions. Companies like Hyatt, Gencom, and Ashford Trust announced changes.
U.S. hoteliers expect strong group sales growth by 2025, driven by demand from tech, healthcare, and construction, with resorts seeing the fastest increase despite federal spending concerns.