Marriott Opens Its First-Ever StudioRes Hotel
Skift Take
Marriott opened its first StudioRes hotel in Fort Myers, marking the company's entry into midscale extended stay lodging.
STR reported U.S. lodging data for the week ended May 31. U.S. hotel RevPAR was down 1.9%, led by a 1.6% decline in occupancy. Group RevPAR was up 60 basis points.
Morgan Stanley held their 2025 Travel & Leisure Conference at the same time as the NYU Conference, with many of the same companies presenting at both. MS said most companies talked about a better demand backdrop as tariff talks progressed and volatility eased, but within sectors, MS pointed out the disparity, highlighting TNL vs. VAC, MAR/HLT vs. CHH/WH, and others, owing to the spreading out of more limited demand growth. MS also continued to hear positive commentary on the high end of their hotel owner/operator panel. C-Corps reiterated confidence in room growth, and nobody actually admitted to seeing any signs of a recession despite all the concerns.
As the insiders at Pebblebrook Hotel Trust continued buying stock, Truist Securities lowered their ta
