U.S. Hotel Room Construction Sees Another Increase
The U.S. hotel industry is experiencing steady growth, with construction volumes rising for seven consecutive months, especially in upscale and luxury segments.
Kim Woinski
Kim is Vice President of Gaming USA Corporation, the previous owner of the Daily Lodging Report, now owned by Skift. Kim is the primary writer of the Daily Lodging Report – North America. Kim moved to Southwest Florida in July of 2020 and recently became a first time grandmother to baby Susie.
Amex GBT Releases Forecast for Global Hotel Industry
American Express Global Business Travel predicts sustainability, personalized experiences, technology, and flexible pricing will reshape the hotel industry by 2025.
Alan Woinski and Kim Woinski |
IHG Reports Slowdown in Revenue Growth
IHG Hotels & Resorts reported mixed results, with global RevPAR up 1.5% despite a 10% decline in China, and announced the end of its licensing deal with The Venetian and The Palazzo in 2025.
Alan Woinski and Kim Woinski |
Hotel Transactions in the U.S. Are Projected to Increase
A report from last week's Lodging Conference points to a surge in hotel transactions due to maturing loans, growing construction, and renovation projects, despite labor challenges and softening RevPAR trends.
Alan Woinski and Kim Woinski |
Business Travel Spending to Hit $1.5 Trillion This Year
Business travel is set to surpass pre-pandemic levels in 2024, with global spending projected to reach $1.5 trillion, driven by strong growth in the U.S. and China.
Alan Woinski and Kim Woinski |
Hoshino Resorts to Debut First U.S. Luxury Hotel in New York State
Hoshino Resorts is set to open its first new-build hotel in the United States by 2028, bringing a 40-room luxury resort to the small town of Sharon Springs, New York, marking a significant expansion for the renowned Asian hotel operator.
Alan Woinski and Kim Woinski |
Service Properties Trust Shares Plunge
Service Properties Trust is reducing its dividend, selling 114 hotels to repay debt and save on capital expenditures, and will continue owning 34% of Sonesta while selling other properties.
Alan Woinski and Kim Woinski |
Skyline Investments Sells Courtyard Hotels Across the U.S.
Skyline Investments sold 11 Courtyard by Marriott hotels in the U.S. for $101 million, retaining ownership of three other Courtyard properties, which are up for sale.
Kim Woinski and Alan Woinski |
Truist's Earnings Season Projections
Truist expects hurricanes to boost midscale hotel RevPARs but raise insurance costs, while labor pressures and union demands challenge hotel profitability despite occupancy growth and M&A opportunities.
Alan Woinski and Kim Woinski |
Forecasting the Medium-Term Hurricane Impact on Hotels
Baird predicts short-term negative impacts on hotel revenues from recent hurricanes but expects a boost in the intermediate term due to FEMA, insurance, and clean-up crew spending, especially benefiting select service and extended-stay hotels
Alan Woinski and Kim Woinski |