IHG Hotels & Resorts

Walt Disney World’s Star Wars hotel has seen demand cool so dramatically that the Florida theme park giant has been forced to reduce dates during the busy Halloween, Thanksgiving and Christmas seasons. Membership Collective Group reported strong 4Q results, a profitable quarter, today STR reported U.S. lodging data for the week ended March 4. Hotel RevPAR was up 12.1% year over year for the week.

Mandarin Oriental Singapore is temporarily closing its doors to undergo a six-month transformation. The Marina Bay property will reopen in September 2023 Accor has entered into a strategic partnership with Ecotourism Australia to certify all Accor hotels, apartments and resorts across Australia and the Pacific. A dozen new star hotels have been added during the last year in Nepal . According to the Department of Tourism, 12 new star hotels and three new resorts have come into operation in the last 11 months

voco hotels celebrated 100 properties signed and opened globally. The emerging IHG Hotels & Resorts’ brand reached the milestone in just five years after its first-ever hotel opening. Island Hospitality Management announced the company added 14 hotels to its third-party management portfolio during 2022. Moxy Williamsburg debuted today as the brand’s first hotel in Brooklyn, New York.

Savills Vietnam issued a report saying despite improvements in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels . Thai hotel operators are ramping up plans to expand investment at home and abroad according to Nikkei. The huge fire in Hong Kong Thursday night into Friday which received so much attention was the 48 story luxury Kimpton Hong Kong hotel that is under construction in Tsim Sha Tsui .

Choice Hotels International announced the board of directors approved a 21% increase in the quarterly cash dividend on their common stock. Concord Hospitality is preparing for a year of expansion in 2023 as the company recounts 2022 milestones and projects significant growth for the year ahead. AC Hotels by Marriott has opened its newest property in St. Petersburg, Florida, AC Hotel by Marriott St. Petersburg Downtown .

Lodging stocks were mixed but the big movers were all to the downside. SLNA traded down another -7% to another all-time low. VCSA and MCG were both down -6%. Service Properties Trust kept its positive momentum going, reporting a 159% increase in normalized FFO in 4Q22. Xenia Hotels & Resorts reported 4Q results slightly ahead of expectations but gave a mixed 2023 outlook.

RLJ Lodging Trust reported in-line results with some limited guidance they gave in January at ALIS. Summit Hotel Properties reported 4Q results ahead of estimates with strong earnings contributions from the recently acquired properties, including NewcrestImage. Argus Research upped their rating on Airbnb to Buy from Hold with a $144 price target.

IHG Hotels & Resorts said the are pursuing an ambitious expansion plan in Greater China that explores popular and emerging destinations. Hilton’s upscale focused service brand, Hilton Garden Inn , announced the opening of its fiftieth property in Greater China. Brisbane’s $3.6 billion Queen’s Wharf Brisbane resort and casino will officially open before Christmas.

The biggest surprise of this earnings season is how bullish analysts seem to be coming out of it. Lodging Econometrics released its Q4 year-end Global Construction Pipeline Trend Report . At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects with 2,298,846 rooms. The 473-room, La Concha Resort , in San Juan, Puerto Rico, has joined Marriott International’s Autograph Collection .

Occupancy rates at hotels in Macau rose by 25.4 percentage points in January year over year, reaching 74%. The Standard Hotel is expected to open in the fourth quarter of 2023 near Orchard Road in Singapore , across from Shangri-La Singapore along Orange Grove Road. Hiap Hoe has entered into a franchise agreement with Luxury Hotels International of Hong Kong to operate two hotels at 16 AH Hood Road and 1 Jalan Rajah and rebrand them as Aloft Singapore Novena .