Hotel industry analysts at Baird expressed caution about softening March demand trends, noting that U.S. RevPAR growth is tracking over 200 basis points below initial expectations.
Despite rising costs outpacing revenue growth in 2024, the hotel industry sees potential for recovery in 2025 through increased guest spending, job growth, and major events.
Design Hotels reported 10% portfolio growth, highlighted by new agreements including new Firmdale properties, and expansion with Grupo Habita, Drift Hotels, and ASH.
Truist reports slight downward revisions in U.S. hotel booking and pricing trends for 3Q and 4Q, with modest growth expected in 2025, but no signs of a sudden pullback or near-term upside for RevPAR.
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.
Truist met with Wyndham and Choice franchisees who had strong opinions about the merger and broad frustrations about brand costs and property valuation in limited service today.
Choice Hotels to integrate nearly 600 Radisson Americas hotels onto its reservation delivery engine and loyalty program.
Dauntless Capital Partners purchases Hilton Garden Inn Bethesda Downtown for immediate renovation.
Excel Hotel Group plans to build a 130-room SpringHill Suites Hotel in Grover Beach, California.
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.