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Hilton's Curio Collection is set to reach its 150th hotel milestone by the end of 2023, with notable openings in various global locations, including Kenya, Vietnam, Monaco, Australia, and Argentina. Sun Hill Properties announced plans for a new 395-key hotel next to the Hilton Los Angeles/Universal City, aimed at accommodating the 2028 Olympics. The Marriott Sanibel Harbour Resort & Spa in Florida announced the opening of a newly transformed spa and renovated guestrooms and restaurants.

79% of markets showed growth in Revenue Per Available Room (RevPAR) compared to 2019, with countries like the United Arab Emirates, South Korea, and Singapore leading. Wyndham Hotels & Resorts is set to open over 10 new hotels in Malaysia, and BWH Hotels announced a new upscale hotel in Vietnam, indicating significant growth and investment in the Asian hospitality market. Chinese airlines are canceling flights to Thailand amidst decreasing traveler numbers, despite visa waivers. Meanwhile, the Philippines surpassed its target for international visitor arrivals, with South Korea being the top source market.

As of November 11, 2023, 79% of markets showed growth in Revenue Per Available Room (RevPAR) compared to 2019, with leadership positions shifting from Europe to other regions as the Northern Hemisphere approaches winter. New York City led U.S. hotel sales in the last three months with transactions totaling $1.35 billion, despite a significant decrease in overall disclosed hotel transaction volume in 2023 compared to 2022. Several key hotel developments and acquisitions include KSL Capital Partners acquiring Hersha Hospitality Trust, the opening of the avid hotel Chattanooga South - Ringgold, and proposed sales like the Hyatt Place Pittsburgh Airport hotel.

Macau's gaming tourism area hosted over 245 MICE (Meetings, Incentives, Conferences, and Exhibitions) events in the third quarter of 2023, a 231% increase from the previous year. Several new hotels are opening or being signed across Asia, including the Four Seasons Hotel Suzhou in China, the first TRIBE NATION hotel in China, and Mandarin Oriental's Villa Mayavee in Phuket Mohegan Inspire Entertainment in South Korea begins a soft opening of its non-casino areas, and Indian Hotels Company announces its sixth Ginger brand hotel in Kerala, India.

Barron's recommended investing in travel stocks like Hilton and Marriott for business travel and Choice Hotels is still planning a takeover of Wyndham Hotels & Resorts. There is a new distribution agreement between Choice Hotels EMEA and Sercotel, the potential sale of Travelodge hotels by LXI REIT, and new hotel developments and refinancing deals in the UK and Europe. Significant strategic actions in the hotel industry include Choice Hotels' intent to nominate directors to Wyndham Hotels & Resorts' board amidst an $8 billion takeover battle.

China launches a pilot project allowing visa-free travel for visitors from several countries, with Malaysia reciprocating for Chinese and Indian visitors. IHG, Accor, SM Hotels, Hilton, and Artyzen Hospitality Group announce new properties and partnerships across Asia. The former Palazzo Versace in Australia is up for sale with a $100 million price tag.

B.Riley Securities downgraded Ashford Hospitality Trust. US hotel RevPAR increased by 6.3%. Innisfree Hotels acquired Hampton Inn in Florida; Apple Hospitality REIT bought Embassy Suites in Utah. Quality Inn in Cincinnati to become a senior living facility. Ranchhod LLC acquired Country Inn & Suites in North Carolina. JMA Ventures and Machete Group developing a mixed-use project in Orlando. Prospera Hotel plans a new hotel in Seattle. The Charles Hotel in Massachusetts updated suites and dining areas. West Baden Hotel in Indiana undergoing roof repair. Park Hotel in Ireland sold to Bryan Meehan. Como Hotels & Resorts opening new resort in Italy. Host AB sold a majority stake in Swedish hotels. Marriott introduced a new design for Courtyard in Berlin. The Standard International launching The StandardX in Melbourne, Australia.

Singapore saw a significant rise in international visitor arrivals in October, notably from China and Indonesia. Meanwhile, The Philippines plans to develop 48 new hotels by 2028. Several hospitality brands announced major expansions, including The Standard International's new The StandardX in Melbourne, Australia, and Accor opening Mercure Tokyo Haneda Airport. Indian Hotels Company formalized a partnership for a new Vivanta hotel in Kochi, India, and Crowne Plaza in Chennai, India will be replaced by luxury apartments.

Short of taking out a billboard or skywriting, we have no idea how much more  Wyndham Hotels & Resorts  can do to tell  Choice Hotels to go away on its bid. With the Fed expected to be done with its interest rate hike cycle, we expect the attention will turn to the Lodging REITs shortly. Marriott International’s Aloft Hotels  said  Aloft Lake Nona  announced its December opening in the Lake Nona community of Orlando, Florida.

Today's report highlights significant growth in global search results for inbound travel to China, with Trip.com noting a nearly 40% increase in 3Q23. New properties and expansions are underway, including The Grand Mercure Lampung Hotel in Indonesia and the first Four Points by Sheraton in Kuala Lumpur. The Imperial in New Delhi is undergoing a significant reinvention, including refurbishing historical furniture and revamping its food and beverage operations.

Deutsche Bank's conference highlighted mixed optimism in the lodging and gaming sectors, with expectations of growth driven by international markets. Revised forecasts for the U.S. hotel industry in 2023 indicate slight adjustments in occupancy, ADR, and RevPAR predictions. The sector saw various activities, including MHG's acquisition of Marriott West Palm Beach Airport, 3H Group's plans for a new Hilton in Florida, and the opening of a new Holiday Inn Express in Arizona. International expansions and renovations were also notable, with new properties and rebranding efforts in several countries. Valencia Hotel Group rebrands to Valencia Hotel Collection, marking its 20th anniversary with leadership restructuring and expansion plans. Libertyland USA, a mixed-use development, is set to open in South Dakota by 2026, featuring an indoor waterpark and other amenities. Agora Realty & Management acquires a 73-acre site in Las Vegas for mixed-use development.

Chinese tourists are showing decreased interest in Japan and Thailand, partly due to Japan's Fukushima wastewater release and negative perceptions from movies about Thailand. Consequently, Singapore, Europe, South Korea, Malaysia, and Australia have become more popular destinations. M Social opens its first hotel in Suzhou, China, and Indian Hotels Company plans to expand its Ginger brand across India. Other developments include the opening of the Ramada Encore by Wyndham in Amritsar, India, and new properties in Goa and Hong Kong under different brands. Sun Siyam Pasikudah in Sri Lanka reopens after renovations, and Berjaya Land Bhd secures a loan for developing the Four Seasons Resort in Okinawa, Japan.