Courtyard by Marriott

Key events included DiamondRock Hospitality's upgrade, Hyatt and Apple Hospitality lowering guidance, and IHG reporting strong new room signings despite challenges in China.

Hotel production in the San Francisco Bay Area has nearly stopped in 2024, with only two new openings and uncertain prospects for ongoing projects.

Thailand is expected to reach pre-pandemic tourism levels of 40 million arrivals this year and potentially 50 million by 2028, contingent on avoiding global or local crises – not to mention whether or not they add casinos.

Luxury hotels in Bangladesh are facing a nearly 90% drop in guests and significant financial losses due to unrest, curfews, and travel warnings, with near-zero bookings reported for late July and August.

Investors are concerned as Travel + Leisure Co. and Red Rock Resorts reported modest or solid earnings but saw stock declines, reflecting nervousness and a shoot-first-ask-later mentality on Wall Street.

H World Group approved a three-year, $2 billion shareholder return plan, including dividends and repurchases, effective from July 23.

Alliance Global Corp plans to spend nearly $170 million this year, mainly on upgrading facilities at Newport World Resorts and developing Westside City.

Accor Greater China announced a dual-branded project on Banping Island in Wenzhou, featuring the debut of Peppers Edge and an MGallery luxury resort, both opening in late 2027.

Luxury and upper upscale hotel segments show strong guest satisfaction, while limited-service segments have declined, with The Luxury Collection, Margaritaville Hotels & Resorts, and others ranking highest in their categories.

Marriott unveils renovations at Courtyard by Marriott Nashville Downtown and new Palmetto Marriott Resort & Spa, while Kimpton celebrates the grand opening of its first hotel in Budapest.