Marriott Plans to Bring the Edition Brand to Chicago
Photo Credit: An interior room at a luxury hotel, the Edition in Jeddah, Saudi Arabia, operated by Marriott. Marriott International
Skift Take
Marriott may bring the Edition to the former John Hancock building. Deloitte says only 45% of Americans plan a summer vacation with paid lodging, the lowest in six years. Plus, more hotel development news.
The DJIA rose 645 points, the Nasdaq surged 1.54% or 400 points, and the S&P 500 was up 79. The decline in oil caused a buy of treasuries, resulting in the 10-year treasury yield falling .09 to 4.57%. Lodging stocks were higher. SVC was up 8%, CHH and HGV were both up 6%, while VAC, WH, CLDT, and PEB were up 5% each. New 52-week highs were hit by RLJ, CJDT, PEB, APLE, and IHG.
STR/CoStar reported U.S. lodging data for the week ended 5/16. U.S. hotel RevPAR rose 5.4% with ADR up 3.9% and occupancy up 1.5%. Group RevPAR was up 8%, also led by ADR, as occupancy was up 2.6%.
Deloitte's 2026 Summer Travel Survey, conducted among 4,003 Americans between April 2-9, 2026, indicates that only 45% of Americans plan to take a summer vacation that includes paid lodging. This is the lowest figure reported in the past six years. The main reasons cited by non-travelers are the high cost of travel (32%) and an inability to afford it (35%). Despite the decline in the overall
