Accor opened its 800th hotel in China and plans to add 800 more in five to six years, focusing on midscale and premium brands. Plus, more hotel deal and development news.
Marriott plans a joint venture with Lefay's founders to bring the luxury wellness brand into its portfolio and expand it globally. Plus, challenges and opportunities at Service Properties Trust and other hotel deal and development news.
Melia Hotels International has partnered with Urban Network Capital Group to launch its first U.S. branded residences in Miami. Plus, more hotel deal and development news.
Richie Karaburun, clinical associate professor at NYU, is worried. But the hospitality industry continues growth with new hotels, acquisitions, and expansions across the US and Europe despite tariff concerns.