-
North America
U.S. Shows Increase in Hotel Pipeline Activity
The Americas is the only region to show an increase in hotel construction and development activity in the first quarter of 2024, contrasting with declines or slower growth in Europe, Asia Pacific, and the Middle East and Africa. -
North America
Marriott to Expand Apartments by Marriott Bonvoy
Marriott International, Inc. announced plans to further expand its new Apartments by Marriott Bonvoy brand offering with signed agreements in the United States, Italy, and the Kingdom of Saudi Arabia. -
North America
Ryman Hospitality Ends Year on High Note
Yesterday, Pebblebrook Hotel Trust lowered guidance for 4Q results and shook up the industry a bit. Today, Ryman Hospitality did the opposite. Lodging stocks were mostly lower with a long list of new lows, many of them REITs. New lows were set by PEB, PK, AHT, SHO, XHR, ABNB and VCSA Marriott International announced that long-time executive Stephanie Linnartz is leaving the company, effective February 24, 2023. -
North America
Early October U.S. Hotel RevPAR Up 13% Over Same Period 2019
The DJIA fell 28 points, Nasdaq was down 9, the S&P 500 fell 12 points and the 10-year treasury yield was down .04 to 3.90%. Braemar Hotels & Resorts Inc . reported the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $403 resulting in RevPAR of approximately $288. Ashford Hospitality Trust, Inc . announced the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $179 resulting in RevPAR of approximately $127.