Asia-Pacific
Banyan Tree Debuts in Japan
Banyan Group has launched its first Banyan Tree hotel in Japan, located in Kyoto, and plans further expansion with four additional properties in development.
Grand Hyatt
North America
Takeaways From Hotel Earnings Season
Key events included DiamondRock Hospitality's upgrade, Hyatt and Apple Hospitality lowering guidance, and IHG reporting strong new room signings despite challenges in China.
Asia-Pacific
Hotel Transactions in Asia Pacific Hit $5.7 Billion
Hotel transactions in Asia Pacific surged 19% to $5.7 billion in the first half of the year, driven by Japan, with a projected annual total of $11.6 billion, indicating a robust recovery to pre-pandemic levels.
Asia-Pacific
H World Reveals $2 Billion Shareholder Return Plan
H World Group approved a three-year, $2 billion shareholder return plan, including dividends and repurchases, effective from July 23.
Asia-Pacific
IHG Signs Deal for First Kashmir Hotel
IHG Hotels & Resorts will open its first hotel in Kashmir, voco Srinagar, in late 2026, featuring 95 rooms, diverse dining, and meting facilities – marking the sixth voco hotel in India.
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
Disney Vacation Club's New Island Tower
Disney's Island Tower at Polynesian Villas & Bungalows, opening December 2024, says it will be an eco-friendly addition to Walt Disney World.
Asia-Pacific
APAC Hotel Construction Pipeline Rises 7% Year-Over-Year
The Q1 2024 Hotel Construction Pipeline Trend Report shows significant growth in the Asia Pacific region's hotel construction, with a 7% increase in projects and a 2% increase in rooms year-over-year, led by India, Vietnam, and Indonesia.
North America
Marriott Boosts Quarterly Dividend 21%
In a week filled with earnings news, Marriott’s increased dividend will likely please investors the most.
North America
Host Hotels and Summit Hotels Post Better Than Expected Earnings
Host Hotels reported solid first-quarter earnings exceeding expectations, while Summit Hotels also outperformed with significant margin expansion.