Host Hotels' Strong Third Quarter
Host Hotels delivered a great third quarter report, as did DiamondRock Hospitality. Plus, Sonder's collapse and more hotel deal and development news.
Dream Hotel Group
Hyatt Launches Unscripted While IHG Doubles Conversion Signings
Hyatt launches new Unscripted brand with 40 hotels in talks. IHG sees total global conversion signings nearly doubling between 2023 and 2024.
Fitch Sees Strong Hotel Outlook for 2025 on Supply Constraints
Fitch Ratings' 2025 hotel sector outlook is neutral, reflecting stability, moderate growth, and varying regional confidence, with steady revenues supported by limited supply and strong business travel momentum.
Travel Volume Surge Masks Property Performance Gaps
Colliers' latest report highlights 10 key trends shaping the 2025 U.S. travel and hospitality markets, including record travel volumes, inflation-driven challenges, rising operating costs, and shifting brand and capital dynamics.
Hyatt Has Had a Good Year, But Stock Still Drops After New Guidance
Hyatt’s stock dropped over 6% after the company lowered its growth outlook, adjusted EBITDA, and free cash flow guidance for 2024.
New York City Targets Hotel Labor Sub-Contracting
A proposed bill in New York City aims to ban nonunion hotels from outsourcing key functions, potentially disrupting hotels that subcontract consumer-facing work to firms that pay employees lower wages for tasks like housekeeping and security.
MGM Collection with Marriott Bonvoy Launches
MGM Collection with Marriott Bonvoy, the brand created by MGM Resorts International and Marriott International, is now accepting reservations for 16 hotel and resort destinations on Marriott's website and app.
U.S. Hotels See Best Rates and Occupancy Since 2019
The DJIA ended Friday with a gain of 395 points, while NASDAQ was up 255, the S&P 500 rose 59 points and the 10-year treasury yield ticked up a little to 4.15%. Lodging stocks were mostly…
Hyatt Announces Major Mexico Expansion
TD Cowen upped their price targets on Hilton to $142 from $140 and Marriott to $172 from $170.
HVS gave their findings from the Hunter Conference . HVS said early 2023 comparisons continue to look favorable with easy comparisons in 1Q due to last year’s Omicron outbreak.
Canada’s hotel performance increased from the previous month, with February RevPAR exceeding C$100 for the first time on record
International Arrivals to U.S. in November Increased 61% YoY
Wells Fargo changed price targets on a bunch of hotel names in their coverage.
In November 2022, total non-US resident international visitor volume to the United States increased 61.3% compared to November 2021
According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics, Canada’s total construction pipeline stands at 267 projects/35,758 rooms.