IHG Hotels & Resorts

Hotel industry profit per room remains at 90% of 2019 levels despite rising guest spending, due to increased operating costs and wages.

IHG will debut its Ruby Hotels brand in the U.S. with a 412-room property in downtown Chicago, opening in 2027 after renovating the Inn of Chicago.

Thailand's Hotel Association wants a government "war room" to counter Vietnam's rising appeal as Russian tourists shift destinations.

Hilton has announced Apartment Collection by Hilton, with initial properties in the U.S. launched in partnership with Placemakr. Plus, more hotel deal and development news.

IHG aims to have over 400 hotels operating or in development in India within five years, up from 51 operational and 80 in-pipeline now.

The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.

Jefferies says World Cup should offset cost inflation and geopolitical issues, predicting modest RevPAR growth and solid earnings in 2026. Plus more hotel deal and development news.

Warburg Pincus will buy APG's 41% stake in Fleur Hotels and invest $106M for growth as Lemon Tree restructures into two platforms. Plus, more hotel deal and development news.

Blackstone said that it has entered into an agreement to acquire Australia's Hamilton Island. Plus, more hotel deal and development news.

Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.