The world's first AI-powered hotel, Otonomus Hotel, featuring 303 suites and cutting-edge amenities, is set to open in Las Vegas in summer 2025 as Growth Holdings’ debut resort.
Fitch Ratings' 2025 hotel sector outlook is neutral, reflecting stability, moderate growth, and varying regional confidence, with steady revenues supported by limited supply and strong business travel momentum.
Global tourism rebounded strongly in 2024, with international arrivals reaching 98% of pre-pandemic levels, driven by post-pandemic demand, increased air connectivity, and growth in key regions like the Middle East, Europe, and Asia-Pacific.
Leisure travel is set to grow in 2025, driven by increased international trips, greater use of travel advisors, and rising interest across demographics.
San Francisco's largest hotel complex, Hilton San Francisco Union Square and Parc 55, is nearing a sale after over a year in court-appointed receivership.
Concord Hospitality has partnered with Margaritaville Resorts to manage the Compass Hotel Anna Maria Sound in Bradenton, Florida, featuring 123 rooms, dining, a pool, and a fitness center.
The U.S. hotel industry is experiencing steady growth, with construction volumes rising for seven consecutive months, especially in upscale and luxury segments.
Hotel construction in Los Angeles has significantly declined, with many projects facing foreclosure or bankruptcy, and financing difficulties limiting new developments.