Marriott may bring the Edition to the former John Hancock building. Deloitte says only 45% of Americans plan a summer vacation with paid lodging, the lowest in six years. Plus, more hotel development news.
Sonesta International said it had opened 45 hotels that expand the portfolio of private equity franchisee NPA. Plus, more hotel deal and development news.
Hilton announced it has reached the milestone of 9,000 hotels globally, representing nearly three openings per day since reaching 8,000 hotels just over a year ago.
Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. Plus more hotel deals and development news.
Hotel industry shows activity with Accor confirming its outlook for the year without a downward revision and KHP Capital Partners securing $300 million for hotel acquisitions and renovations.
Richie Karaburun, clinical associate professor at NYU, is worried. But the hospitality industry continues growth with new hotels, acquisitions, and expansions across the US and Europe despite tariff concerns.