Over 300 million tourists traveled internationally in the first three months of 2025, a 5% rise from last year and 3% more than in pre-pandemic year 2019.
U.S. hotel RevPAR was down by -0.1% year over year in April. The Easter shift, geopolitical/tariff impact, were blamed for the sluggish month. Group RevPAR was down -2%.
Aimbridge Hospitality is restructuring its finances by converting $1.1 billion in debt to equity, securing $100 million in new capital, and shifting majority ownership to its first lien lenders, with completion expected in early 2025.
The DJIA, Nasdaq, and S&P 500 rose on Friday, while Canada's hotel industry saw a slight decline in occupancy in July 2024 after three months of increases.
Europe hostel chain A&O is set to invest €500 million to aid its expansion across Europe. The company is seeking to expand its presence in European city centers.
Major hospitality companies reported mixed trends at the Morgan Stanley Global Consumer & Retail Conference, with lodging demand remaining positive but margins affected by high wages.
Several companies, including Crescent Hotels & Resorts and HHM Hotels, announced the addition of new properties to their portfolios.
Evermore Orlando Resort is set to open a unique beach paradise, and other hotels are undergoing significant renovations and refurbishments, indicating a continued focus on luxury and expansion in the hospitality industry.
US hotels surpass pre-pandemic revenue levels in Q1 2023, with a 13% increase compared to 2019, driven by higher room rates.
Despite concerns of a recession and liquidity crisis, US hotels continue to perform well, with leisure travel showing strength and business travel gradually returning.
Significant hotel developments and renovations are underway in various US cities, including new acquisitions, expansions, and upgrades to enhance guest experiences.
Aimbridge Hospitality has acquired the management arm of Terrapin Hospitality , with 71 hotels located in 21 states. This aggregates to over 8,100 keys transitioning to Aimbridge management.
B.Riley lowered their price target on Ashford Inc. to $14 from $18, they maintained their Neutral rating on the stock.
IHG Hotels & Resorts announced the opening of a new Holiday Inn Express & Suites Hotel in Glendale, California .
The Baird/STR Hotel Stock Index was up 16.4% in January from December. The Hotel Brand sub-index was up 16.2% and the Hotel REIT sub-index rose 17.1%.
Hilton, Easton’s Group of Hotels and the Gupta Group announced the opening of Canopy by Hilton Toronto Yorkville, marking the brand’s Canadian debut.
The DJIA rose 130 points on Friday while Nasdaq was down 69, the S&P 500 was down 11 points and the 10 year treasury yield took a breather, down -0.4 to 3.83%. Lodging stocks were lower.