Ritz-Carlton Expands to Mexico’s Caribbean Coast
Skift Take
The Ritz-Carlton brand will make its debut on Mexico's Caribbean coast with The Ritz-Carlton Residences, Riviera Maya, featuring 127 residences, with sales and construction starting this year and the first phase debuting in 2026.
Following STR/CoStar materially lowering its 2024 US RevPAR forecast by 210 bps to +2% at the NYU Conference, Truist hosted a conference call with them. STR finds the wide spread of RevPAR performance between Economy chain scale and full service reflective of the bifurcation of customer trends (group strong/domestic leisure soft). For 2025, STR is forecasting RevPAR growth of 2.6%. Real RevPAR growth remains below 2019 levels at -6.2% for 2024 and -6.1% for 2025. Truist said STR’s numbers suggest modest growth at best for the industry for the rest of the year.
Sage Hospitality has signed an agreement with IMH Columbia to oversee the management of Merriweather Lakehouse Hotel, Autograph Collection in Columbia, Maryland. Located on Lake Kittamaqundi, the property will join Sage’s rapidly growing Premier Collection. Merriweather Lakehouse Hotel is home to 212 spa-inspired rooms, a lakefront fitness center, a rooftop pool and multiple dini
