MGM Resorts

North America

Hotel Transactions in the U.S. Are Projected to Increase

A report from last week's Lodging Conference points to a surge in hotel transactions due to maturing loans, growing construction, and renovation projects, despite labor challenges and softening RevPAR trends.

Alan Woinski and Kim Woinski | 1 month ago

Asia-Pacific

Indonesia Imposes Bali Hotel Construction Ban

Indonesia has imposed a moratorium on hotel and nightclub construction in Bali to curb overdevelopment and protect the island’s culture and environment.

Alan Woinski | 3 months ago

North America

U.S. Hotel Industry Reports a Largely Flat July Performance

In July 2024, the U.S. hotel industry saw flat year-over-year performance, with Oahu Island leading in key metrics, while Phoenix and New Orleans had the lowest occupancy rates.

Alan Woinski and Kim Woinski | 3 months ago

Asia-Pacific

Thai Hotels Seek Relief After German Tour Company Collapse

Thai hotels are seeking compensation from the German Embassy and the Tourism and Sports Ministry for losses due to the collapse of German tour company FTI Group.

Alan Woinski | 4 months ago

Asia-Pacific

Wyndham’s Record Room Growth in Asia Pacific

Wyndham Hotels & Resorts achieved record growth in Asia Pacific in the first half of 2024, signing over 120 hotels and opening 74 new ones, with an 8% year-on-year net room growth.

Alan Woinski | 4 months ago

Asia-Pacific

Sri Lankan Billionaire Plans Two Luxury Hotels by 2025

Sri Lankan billionaire Dhammika Perera plans to open two luxury hotels, a JW Marriott in Negombo and a Ritz-Carlton in Mirissa, by the end of 2025 after delays due to economic downturn.

Alan Woinski | 4 months ago

North America

Park Hotels Beats First-Quarter Estimates 

Park Hotels exceeded adjusted EBITDA and AFFO estimates and raised their financial guidance, citing optimism in their group and leisure outlook, likely due to recently renovated properties.

Alan Woinski and Kim Woinski | 7 months ago

Asia-Pacific

IHG Plans to Run 100 Hotels in India by 2029

IHG Hotels & Resorts plans to double its presence in India to 100 hotels over the next five years, expanding in key cities and introducing the InterContinental brand in Telangana by 2029.

Alan Woinski | 7 months ago

Asia-Pacific

Seoul Plans a Floating Hotel

Seoul plans to develop floating office and hotel buildings with leisure facilities on the Han River by 2030 to enhance the river's potential and attractiveness.

Alan Woinski | 7 months ago

North America

NoMad Las Vegas Will Be Rebranded

NoMad's Las Vegas property will be left behind as new owner Hilton focuses on other properties currently – and in the future – of the brand.

Alan Woinski and Kim Woinski | 7 months ago