North America
Hotel Worker Strikes Resume in Boston
About 400 workers at four Boston hotels began a three-day strike on Thursday. They're seeking higher wages and staffing levels.
Highgate
North America
Large Hotel Transactions Are on the Rise
JLL reports a significant rise in large hotel transactions, particularly in luxury markets, with 2024 seeing a 59% increase in single-asset deals over $200 million, totaling $4 billion.
North America
U.S. Hotel Industry Reports a Largely Flat July Performance
In July 2024, the U.S. hotel industry saw flat year-over-year performance, with Oahu Island leading in key metrics, while Phoenix and New Orleans had the lowest occupancy rates.
North America
North America Guest Satisfaction Rankings Are In
Luxury and upper upscale hotel segments show strong guest satisfaction, while limited-service segments have declined, with The Luxury Collection, Margaritaville Hotels & Resorts, and others ranking highest in their categories.
North America
Corinthia Hotels Debuts in New York City
The Surrey, A Corinthia Hotel's New York City opening marks Corinthia's North American debut with luxury accommodations, exclusive dining, and private residences.
North America
Truist Bullish on Wyndham Hotels' Growth and Economic Outlook
Truist is optimistic about Wyndham Hotels' new developments, RevPAR growth, and brand launches, highlighting a strong positive outlook on the economy and travel spending, with franchisees highly confident.
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.
North America
JP Morgan States Its Q1 Hotel Performance Expectations
JP Morgan forecasts mixed 1Q24 results for the lodging sector, with slow RevPAR growth, strong net rooms growth, and moderating pipeline expansion, recommending selectiveness due to varied performance across companies.
North America
Hilton Increases Canadian Portfolio
Hilton's expansion in Canada includes nearly 20 deals signed in 2023, with plans to introduce Spark by Hilton and Motto by Hilton in 2024 – aiming to surpass 200 hotels.
North America
Marriott's Massive Expansion Across the Caribbean and Latin America
Marriott International announced a year of robust room signings and additions across the Caribbean and Latin America in 2023. The Company nearly doubled its number of organic deal signings in the region versus the prior year.