Atwell Suites

North America

State of Global Tourism, According to the UN

International tourism nearly reached pre-pandemic levels in early 2024, with notable growth in the Middle East, Europe, and Africa, and a full recovery projected for the year.
North America

Hilton Taking Over NoMad Brand

Hilton acquires a majority stake in Sydell Group to globally expand the NoMad Hotels brand, with plans for up to 100 properties and integration into Hilton’s commercial platforms, while NoMad Las Vegas will rebrand, addressing Hilton’s gap in the luxury market.
North America

IHG’s New Prototypes for 3 Brands

IHG Hotels & Resorts unveiled new prototype options for Staybridge Suites, Candlewood Suites, and Atwell Suites, set to roll out by Q2 2024 and debut in properties as early as 2025.
North America

Club Med Says It’s Hit a Milestone

Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever.
North America

Hotel Job Growth Slows Down

While U.S. unemployment remains below 4%, employment growth has been slowing and hotel job openings have also slowed. Wage growth outpaced inflation, but RevPAR contracted again in January.
North America

Hotels May End the Year Strong Thanks to Group Business

Truist reports strong trends in the U.S. hotel industry, with no signs of demand slowdown and expectations of growth in Q4 2023, driven by group business, business travel, and international visitors. CoStar data indicates a shift in U.S. hotel occupancy trends, with family travel slowing, group events strengthening, and a return of business travel, particularly during weekdays. Various hotel-related developments include property updates, new hotel constructions, and management changes across different locations in the United States.
North America

The Sortis Acquisition of Ace Hotel Is Ongoing Saga

DJIA fell 169 points in August; Nasdaq rose 16; S&P 500 down 7. Travel intent increases: 21.8% plan foreign trips, 45.9% plan vacations. Hotel developments: New AC Hotel in Lansing, Sheraton San Diego rebranded as Sheraton Resort & Marina, TRS Coral Hotel added to Wyndham’s Registry Collection. Upcoming: Highgate manages Hilton Garden Inn Kauai, IHG’s Atwell Suites in Henderson and Fort Worth, proposed dual-tower project near Austin Convention Center.
North America

U.S. Hotel Performance Stays Strong

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is in line with their recent guidance. Tourism to and from the U.S . has gradually recovered in 2022 without fully returning to pre-pandemic levels, according to the Commerce Department.
North America

Airbnb Has Its First Profitable Year

Airbnb definitely got a better response from investors on their 4Q earnings report than traditional lodging analysts. Choice Hotels continued the parade with 4Q revenue and EBITDA comfortably above estimates with the Radisson acquisition helping with that. STR reported U.S. lodging data for the week ended 2/11. RevPAR was up 18.9% year over year.