Travel Deal Activity Drops 8% in First Half of 2025
Photo Credit: A studio room with balcony view at InterContinental Dubai Marina Hotel in Dubai UAE. IHG
Skift Take
The travel & tourism sector witnessed a notable decline in deal activity in the first half of 2025, down 8% year over year. Plus, hotel deal and development news.
The DJIA fell 542 points on Friday, while the Nasdaq was down 472, the S&P 500 fell 101 points, and the 10-year treasury yield was down .14 to 4.22%. It was a rough last two days of the week in the market, meaning the earnings reports, good or bad, did not really matter. BHR reported results, and they were down -5%, the only mover of note in the group.
Park Hotels and Xenia Hotels had opposite type 2Q25 reports. PK beat estimates but tightened guidance, and not in a good way. They are now expecting flat to down -2% RevPAR in 2025. PK also said they are permanently closing the Embassy Suites Kansas City Plaza in this current quarter. They did not repurchase any shares in 2Q25. XHR, on the other hand, reported a 2Q that was very much ahead of expectations but did not change their 2025 outlook, guidance raised to reflect 2Q's results, clearly deemed to be a conservative stance. They bought back $35.7 million worth of stock i
