North America
IHG Accelerates Global Expansion
Choice Hotels International purchased more shares in Wyndham Hotels & Resorts in its unsolicited exchange offer to acquire the company.
The Baird/STR Hotel Stock Index rose 9.3% in November, with the Hotel REIT sub-index up 7.6% year-to-date and the Hotel Brand sub-index up 30.6% year-over-year.
BCD Travel forecasts a global decrease in airfares and a 6.8% increase in hotel rates in 2024.