Jalisco Announces $1 Billion Hotel Development Program
Photo Caption: State Governor Pablo Lemus Navarro leads a press conference titled "Historic Investment in Jalisco: New Hotels”
Skift Take
Jalisco announced $1 billion investment for 38 new hotels by 2028, with Hyatt investing $295 million in three Puerto Vallarta properties.
The DJIA fell 770 points on Friday, with the markets reacting to the events in Iranand Israel. Nasdaq was down 256, the S&P 500 fell 68 points, and the 10-year treasury yield was up .07 to 4.42%. Lodging stocks were lower. PK was the biggest mover, down -5% on the day.
CBRE released its U.S. Hotels State of the Union June 2025 Edition. Adjusting for Easter, RevPAR rose 0.4% in March/April combined. During March/April combined, ADR growth of 1.5% was offset by a 1.1% decrease in occupancy. While trends are softening across the board, upper price hotels outperformed, posting RevPAR growth of 2.9% over the period. Roughly 50% of markets are experiencing RevPAR increases and 50% experienced contraction over the March/April period. Short-term rental demand grew 6.0% in April, again outpacing hotel demand. STR share of demand increased again in April to 13.7%, though down sli
