Centara Forms Joint Venture to Launch Budget Brand
Centara Hotels & Resorts will introduce a new budget hotel brand. Plus, more hotel deal and development news.
One&Only Resorts
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.
U.S. Travelers to Trim Holiday Trips, Says Deloitte Survey
Lodging stocks fall; Starwood modifies loan; Quadrum explores Arlo Hotels sale; and Holiday travelers plan to cut spending 18% and take fewer trips as financial concerns rise, Deloitte survey finds, including high-income Americans.
Mandarin Oriental to Enter South Korea with Seoul Project
Mandarin Oriental Hotel Group announced its entry into South Korea with the development of a new luxury hotel in Seoul, set to open in 2030. Plus more deal and development news.
Hilton Plans India Footprint Expansion and Introduces New Brands
Hilton plans to double its Indian presence, bringing Waldorf Astoria, Conrad, and LXR brands while DoubleTree remains its largest footprint.
Barclays' Examination of Global Hotel Development
Barclays analysts weighed in with their views on the major U.S.-based hotel groups.
Accor Reveals European Portfolio Growth
STR reported a 3.3% increase in U.S. Hotel RevPAR, led by a 4.5% rise in ADR and a 5.1% increase in Group RevPAR.
Deutsche Bank provided a cautious 2024 outlook for the hotel industry, highlighting a balanced risk-reward scenario with potential bull and bear cases.
Keybanc reduced their price target on Xenia Hotels & Resorts, while Truist offered a differing view on Airbnb compared to Barclays.
NewcrestImage Expands Portfolio with Three Marriott Hotel Acquisitions
Truist expects strong international and group earnings in 3Q lodging reports but weak domestic leisure.
CoStar reports higher hotel performance in September 2023, with New York City leading in occupancy.
Several hotel transactions and developments are mentioned, including Omni Pontoque Resort and Alt Hotel Calgary University District.
Red Roof Seeks New President
Market summary: DJIA, Nasdaq, and S&P 500 experienced declines, while the 10-year treasury yield decreased slightly.
Playa Hotels & Resorts downgraded by Bank of America Securities, with a lowered price target.
In Europe and the Caribbean, look to the upcoming opening of One&Only Aesthesis resort in Greece , renovations at Club Med Buccaneer's Creek in Martinique , Eurostars Hotel's operation of a luxury hotel in Rotterdam