Deutsche Bank and Truist Make Fourth-Quarter RevPAR Projections
JPMorgan, Deutsche Bank, and Truist provide their earnings previews. Plus, more hotel deal and development news.
Marriott
Hotels Face Profit Squeeze Despite Revenue Growth
Hotel industry profit per room remains at 90% of 2019 levels despite rising guest spending, due to increased operating costs and wages.
Dallas Leads U.S. Hotel Construction Pipeline
Dallas leads U.S. hotel construction with 193 projects, while Ghoman Hotels plans a $185M JW Marriott conversion in downtown Louisville.
Armani Seeks to Scale Up Hotel Brand
The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.
Truist Raises RevPAR Forecast for U.S. Hotels in 2026
The investment research firm Truist sees better RevPAR growth than the Street does on average. Plus, more hotel development news.
Marriott Adds Hotels in Japan, Thailand, and Malaysia
Marriott adds hotels in Japan, Thailand, and Malaysia. Plus more hotel development news.
India Leads APEC Region in Hotel Development
Kerzner International announced Atlantis the Royal, Maldives. Plus, APAC development data, and more hotel deal news.
New York City Hotel Is Sold for $125 Million
Dan Hotels expands into the U.S. market by acquiring New York’s NoMo SoHohotel for $125 million from Sapir Corporation, which has filed for insolvency.
Accor Misses Estimates But Upgrades Profit Guidance
Accor's 3Q earnings report included an upgrade to its core profit guidance. Plus more hotel deal and development news.
Transaction Volume for U.S. Hotels Drops 33% in the Third Quarter
U.S. hotel transaction volume dropped to $4.3 billion in Q3, according to CoStar, with over half of deals under $10 million. Plus, more hotel deal and development news.