Graduate Hotels

North America

Global Tourism Numbers in First 7 Months Beat 2023, Approach 2019

International tourism in the first seven months of 2024 grew by 11% compared to 2023, nearing 2019 levels, with all regions showing strong recovery, led by the Middle East, and many countries exceeding pre-pandemic arrival numbers and receipts.
North America

Hotel Worker Strikes Could Pick Up Steam

The nationwide hotel strike is intensifying, impacting major hotel chains and owners, with concerns about the long-term effects of either giving in to union demands or enduring prolonged strikes.
North America

U.S. Hotel Performance May Be Down But RevPAR Is Still Up

CBRE has lowered its U.S. hotel performance forecast for 2024 due to weakening leisure travel and corporate profits but still expects RevPAR growth driven by international tourism and election-related events.
North America

NYU, NAREIT, and Investor Conferences Special

The NYU Conference had mixed opinions on its tone and mood, with Barclays finding it muted and Truist noting a lack of extreme bullishness, while discussions on hotel REITs highlighted concerns about investment strategies and the influence of hedge funds.
North America

NoMad Las Vegas Will Be Rebranded

NoMad's Las Vegas property will be left behind as new owner Hilton focuses on other properties currently – and in the future – of the brand.
North America

A&O to Invest €500 Million in Hostels

Europe hostel chain A&O is set to invest €500 million to aid its expansion across Europe. The company is seeking to expand its presence in European city centers.
North America

Hilton to Acquire Graduate Hotels Brand

Hilton will acquire the Graduate Hotels brand for $210 million, which includes all rights to the Graduate brand worldwide, franchise agreements for all existing and signed pipeline Graduate Hotels, and future development and growth.
North America

IHG and Best Western Announce Openings

IHG Hotels & Resorts announced the opening of a new build Holiday Inn Express & Suites hotel in Arkansas, while Best Western Hotels & Resorts announced the opening of the Best Western Halito Inn in Oklahoma.
North America

Marriott Blows Past Analyst Expectations

Marriott International blew away estimates and like Hilton , reported a great earnings report on a not-so-great day in the market. Ashford Hospitality Trust reported 1Q results, more or less in line with expectations on the hotel level. Marriott, Hilton and IHG continue to dominate the U.S. hotel construction pipeline according to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics.