Amid mixed hotel sector performance, Hilton beat earnings while trimming 2025 guidance as hospitality firms expand with new properties across the US and globally.
Hotel investment in the Asia Pacific region is rising, with Japan, Singapore, and Australia leading interest, while investors shift focus to upscale segments and await interest rate clarity.
Hilton is expanding on Maui with a new Hampton Inn & Suites opening in April and the conversion of Maui Seaside Hotel into a Tapestry Collection by 2026.
JLL reports a significant rise in large hotel transactions, particularly in luxury markets, with 2024 seeing a 59% increase in single-asset deals over $200 million, totaling $4 billion.
Hilton is dramatically expanding its portfolio of luxury hotel experiences with the addition of nearly 400 boutique properties from the Small Luxury Hotels of the World collection.
Hotels are increasingly charging for early or late checkouts, impacting both regular guests and loyalty program elites. This comes alongside a 1.8% rise in US hotel RevPAR and a 3.1% increase in Group RevPAR.
Waramaug Hospitality acquires Atlanta Marriott Peachtree Corners with 222 rooms and versatile meeting spaces. SpringHill Suites by Marriott open in Delaware, Scottsdale, and Lansing. Oyo Hotel in St. Louis undergoes a $46 million renovation to become a Sheraton, introducing Bonvoy Apartments.
Leading Hotels of the World adds four member hotels: The Adria (London), Azur Legacy Collection Hotel (Vancouver), Chedi Katara Hotel (Qatar), and Aleenta Retreat (Chiang Mai). These properties offer unique amenities, including a tranquil spa, rooftop dining, private beaches, and repurposed Thai dwellings.
Stock market decline: DJIA and Nasdaq both down, S&P 500 fell, causing investor anxiety due to rising interest rates.
Hotel acquisitions and auctions: Apple Hospitality acquires Courtyard by Marriott in Cleveland, Sheraton Bucks County Langhorne hotel up for auction, Holiday Inn in Charleston to become Live Oak in Marriott's Tribute Portfolio.
Hotel developments: Hampton Inn & Suites in Manistee near completion, Resorts World Las Vegas opens private members' club, Virgin Hotel in Dallas changes ownership, Kona Village in Hawaii opens as a Rosewood Resort.