Global Hotel Markets See Average Daily Rate Increases
Hotel growth in February was balanced with 64% of markets showing increased occupancy and 70% achieving a higher ADR than last year.
Alan Woinski
Alan is the founder of the Daily Lodging Report, now owned by Skift, and remains editor. He also founded the Gaming Industry Daily Report and Gaming Industry Weekly Report which remains under the ownership of Gaming USA Corporation, owned by Alan and his wife Kim. Alan and Kim recently moved from Bergen County, NJ to Southwest, Florida and are loving the SWFL lifestyle. Both Alan and Kim recently became grandparents for the first time to a beautiful baby girl.
Marriott Points to Its South Asia Development Pipeline
Marriott International said they signed 28 deals in South Asia in 2023 and so far in 2024, adding over 4,500 rooms to its development pipeline.
Hilton’s Loyalty/Glamping Move
Hilton announced a new exclusive partnership with AutoCamp to offer Hilton guests an experience that blends the spirit of an iconic outdoor adventure with the hospitality and design-forward thinking of a boutique hotel.
Jumeirah Group CEO Will Depart
Katerina Giannouka has left Jumeirah Group, one year into her time as CEO. Thomas Meier, CEOO, will serve as Interim CEO again.
Marriott's Massive Expansion Across the Caribbean and Latin America
Marriott International announced a year of robust room signings and additions across the Caribbean and Latin America in 2023. The Company nearly doubled its number of organic deal signings in the region versus the prior year.
Hyatt Unveils Tokyo Shibuya Hotel
Hyatt Hotels Corporation announced the opening of Hyatt House Tokyo Shibuya. They reached an agreement with Tokyu Land Corporation earlier in the month for the 126-room hotel which includes 18 suites.
Canadian Deal Flow Booms Despite Lower Occupancy
Canada’s hotel industry showed lower occupancy but continued growth in ADR, according to CoStar’s January 2024 data.
Host Hotels and Pebblebrook Report Earnings
The earnings season for hotel companies kicked into high gear with Host Hotels and Pebblebrook becoming the first REITs to show their hand.
Langham's Three Hotels in Xiamen
Langham Hospitality Group has signed management agreements for three hotels on a single plot. The newly built properties are part of Xiamen Seaworld which is China Merchant Group’s mixed-use development that is perched on the western shore of Xiamen’s main island.
MCR to Turn London's BT Tower Into a Hotel
The BT Tower will be transformed into a hotel after the telecom giant inked a £275m deal to sell the London landmark to MCR Hotels.