Accor opened its 800th hotel in China and plans to add 800 more in five to six years, focusing on midscale and premium brands. Plus, more hotel deal and development news.
In India, Wyndham is preparing for its next leg of India growth, with 55 hotels in the pipeline and "up to 95" open. Plus, more hotel deal and development news.
Accor said its strategic growth in Asia continues with a diverse pipeline of more than 230 hotels representing close to 60,000 keys in development. Plus more hotel deal news.
U.S. hotels and travel companies are focusing on a surge in Indian tourists to offset declining domestic leisure spending and reduced demand from East Asia and Europe.
Lodging Analytics Research & Consulting forecasts moderate growth in U.S. hotel performance, with rising RevPAR and hotel values through 2025, despite slight margin erosion.
Melbourne's hotel performance in October surged due to concerts by Olivia Rodrigo and Coldplay, the Melbourne Marathon, and Melbourne Fashion Week, with occupancy, ADR, and RevPAR reaching record highs.
Deutsche Hospitality has undergone a rebranding and is now known as H World International. The strategic move is aimed at bolstering the global expansion efforts of its parent company, H World,