Millennium

Minor Hotels unveiled Colbert Collection, a global soft brand debuting in Italy this spring and expanding to the UK, Spain, and UAE. Plus, more hotel deal and development news.

Radisson Hotel Group and MBD Group announced a long-term strategic partnership under a master franchise agreement to aid the growth of RHG’s luxury and lifestyle brands across India. Plus other hotel news.

Hyatt Place Butwal opened in western Nepal with 109 guestrooms, marking the third Hyatt-branded hotel in the country. Plus, more hotel deal and development news for APAC.

International expansion is gaining ground at Choice, with full control in Canada and rising overseas openings. Plus more hotel deals and development news.

Hyatt rebranded six of Playa's hotels to Hyatt flags, with Hilton losing four properties in the process, and more hotel development news.

Pebblebrook Hotel Trust increased their 2024 EBITDA and AFFO outlook despite reducing their RevPAR outlook, anticipating a stronger 2025.

STR reported China hotel RevPAR for the week ended April 29 was up 138.2% year over year. The Association of Macao Tourist Agents said the first Labor Day holiday after lifting all Covid curbs had exceeded expectations. The General Statistics Office of Vietnam said the number of Chinese citizens traveling to Vietnam is on the rise with 112,000 visiting in April, up 61.5% year on year.

Club Med said it was beginning a new chapter. Taking inspiration from the original Club Med philosophy, creating simple moments of happiness, the lifestyle brand will be providing a more premium, family-friendly and eco-conscious experience. Deutsche Bank initiated coverage on Wyndham Hotels & Resorts with a Buy rating and $79 price target. STR reported US lodging data for the week ended April 1. US hotel RevPAR was up 10.9% year over year.