Marriott Opens Its First Mexican All-Inclusive Luxury Hotel
Skift Take
This is the first Mexican property for Marriott's five-year old all-inclusive luxury push.
The DJIA plunged 606 points while Nasdaq was down 66, the S&P 500 fell 39 points, and the 10-year treasury yield was up .04 to 4.48%. Lodging stocks were lower, pretty much across the board. CLDT and SVC both traded down to new 52 week lows while VCSA was down -6% on the day.
Pricewaterhouse Coopers reduced its projections for ADR and RevPAR growth in its US Hospitality Directions: May 2024 report. PwC now expects 1.2% growth in ADR and 2.2% RevPAR growth, down from 2.4% and 2.7% respectively back when they issued their November report.
All-Inclusive by Marriott Bonvoy announced the first all-inclusive luxury resort for the company in Mexico, Almare, A Luxury Collection Adult All-Inclusive Resort, Isla Mujeres is now accepting bookings for stays starting November 15, 2024. The resort will offer 109 suites, seven restaurants and bars, and its world-class spa Al
