JdV by Hyatt

North America

MCR Looks to Miami Hotels

MCR plans to build two eight-story hotels with a total of 400 rooms and additional parking facilities next to the Hilton Miami Airport Blue Lagoon.
Asia-Pacific

Hyatt Plans 7 New Hotels in India

Hyatt Hotels said they plan to expand their footprint in India by opening seven new hotels and adding 1,115 keys across leisure and city destinations in 2024.
Asia-Pacific

Vietnam Sets International Tourism Goal at 18 Million

A recent implementation of unilateral visa exemptions for 13 European countries was credited for the strong growth in arrivals from the UK, France, Germany, and Russia in January.
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…
Asia-Pacific

Wyndham Grand Makes Debut in Kuala Lumpur

Wyndham Grand debuts in Kuala Lumpur and Hilton’s Curio Collection enters India, while Hotel Indigo Sydney Potts Point launches after a significant refurbishment. Hyatt and IHCL plan extensive expansions in India, while Genting invests in Sentosa. The Westin Tokyo undergoes a major makeover, and Candeo Hotels integrates a historic temple in Osaka.
North America

Kayak’s Hotel May Be Seized in a $13 Million Foreclosure Lawsuit

Truist gave their 1Q lodging earnings preview . While they continue to see macro over micro with the main driver/wildcard coming from the economic impact of high interest rates and inflation, at a minimum they expect results to be in-line but more likely ahead. The Kayak Miami Beach hotel could be seized in a $13.68 million foreclosure lawsuit. The ART Hotel Denver, Curio Collection by Hilton announced the completion of its $3 million property-wide refresh to its 165 rooms and suites, 7,500 square feet of flexible meeting and event spaces, fitness center, private dining and public spaces.
Asia-Pacific

Asia Pacific Hotels Wait for Chinese Travelers

Xxpectations for everyone in the Asia Pacific region was the reopening of China would cause a regional surge but so far, that has been muted. For February, the biggest proportion of tourists to Indonesia came from Malaysia , followed by Australia and Singapore . The Singapore Tourism Board has signed a new three-year Memorandum of Understanding with Flight Centre Travel Group Limited aimed at driving increased visitation to Singapore via FCTG’s global network. Las Vegas Sands is expected to complete their US$1 billion upgrade of hotel facilities at the Marina Bay Sands in Singapore by the end of the year.
North America

Hotels Spend Big on Renovations and Expansions

Truist lowered their price target on Park Hotels & Resorts to $19 from $20 while maintaining their Buy rating. BRE Hotels & Resorts and The Ritz-Carlton, Kapalua are celebrating the recent success of the property following a $100 million transformation. The iconic Fairmont Hotel in downtown Vancouver, Canada, is looking to expand with an annex tower, but it will not provide any additional hotel rooms.
North America

International Arrivals to U.S. in November Increased 61% YoY

Wells Fargo changed price targets on a bunch of hotel names in their coverage. In November 2022, total non-US resident international visitor volume to the United States increased 61.3% compared to November 2021 According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics, Canada’s total construction pipeline stands at 267 projects/35,758 rooms.