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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
Vancouver Leads Canada’s Hotel Boom
Canada is seeing a surge of hotel construction in major cities, with Vancouver leading the way in new building applications. It is now seen as the most attractive bet by analysts because it leads the way in hotel profits and occupancy, which was almost 80% in October. -
North America
Nearly 75% of Americans Plan to Maintain or Increase Hotel Stays in 2024
Almost three quarters of Americans plan to either maintain or increase their number of hotel stays in 2024 compared to 2023, and hotels remain the top lodging choice for likely travelers, according to a survey commissioned by the American Hotel & Lodging Association. -
North America
Truist Has Its Own Ideas About Choice’s Designs on Wyndham
Truist met with Wyndham and Choice franchisees who had strong opinions about the merger and broad frustrations about brand costs and property valuation in limited service today. -
North America
Hospitality Ventures Management’s Expanded Portfolio
Hospitality Ventures Management added 15 new hotels in 2023 to its portfolio of select-service, full-service and resort properties. Most of these additions are Marriott, Hilton, and Hyatt brands. -
North America
Melia Hotels Announces International Push
In 2024, the company’s expansion plans include an initial goal of opening more than twenty hotels and continuing to sign as many new projects. -
Asia-Pacific
Oyo Said to Seek $400 Million Fundraise
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round for OYO Hotels & Homes Pvt. -
North America
Hilton and Marriott’s Banner 2023
Hilton said they ended 2023 with the strongest development quarter in its history while Marriott International, Inc. announced the company’s record year of global signings with 52% more organic rooms signed in 2023 than the previous year. -
North America
U.S. Hotels See Best Rates and Occupancy Since 2019
The DJIA ended Friday with a gain of 395 points, while NASDAQ was up 255, the S&P 500 rose 59 points and the 10-year treasury yield ticked up a little to 4.15%. Lodging stocks were mostly… -
North America
Hilton Grand Vacations Completes Acquisition of Bluegreen Vacations
Hilton Grand Vacations Inc. completed the previously disclosed acquisition of Bluegreen Vacations. The transaction broadens HGV’s offerings, customer reach, and sales locations, creating a premier vacation ownership, and experiences company.