DoubleTree by Hilton Opens 700th Property
Photo Credit: An infinity pool at the DoubleTree by Hilton Malta Hotel. Hilton
Skift Take
DoubleTree by Hilton has added 40 properties in the past year, including in Nice, Laos, the Azores Islands, and Malta. Meanwhile, Canada's hotel industry reported mixed year-over-year performance in April, plus other hotel news.
The DJIA ended Friday with a decline of 256 points, while Nasdaq was down 199, the S&P 500 fell 39 points, and the 10-year treasury yield was down .04 to 4.51%. Lodging stocks were modestly lower ahead of the long weekend.
In observance of Memorial Day, there will be no Daily Lodging Report on Monday, May 26th.
On the negative side of the Easter calendar shift, Canada's hotel industry reported mixed year-over-year performance in April, according to data from CoStar. April 2025 (percentage change from 2024): Occupancy: 63.2% (-1.0%) ADR: CAD190.46 (+1.1%) RevPAR: CAD120.36 (0.0%). Among the provinces and territories, British Columbia recorded the highest occupancy level (68.7%), which was 1.5% above 2024. Among the major markets, the highest occupancy was seen in Vancouver(-1.2% to 78.5%). The lowest occupancy among provinces was reported in Prince Edward Island (44.2%), up 6.4% against 2024. At the mark
