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.
Pebblebrook Hotel Trust has completed the sale of the 752-room Westin Michigan Avenue Chicago in Chicago, for $72 million. Plus, more hotel development news.
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.
Accor said its strategic growth in Asia continues with a diverse pipeline of more than 230 hotels representing close to 60,000 keys in development. Plus more hotel deal news.
The Ascott Limited announced its Citadines hotels portfolio has surpassed 200 hotels with plans to open another 20 under the upper-midscale brand by the end of 2026. The launches include Citadines on the Pier Hobart in Australia, Citadines…
Hilton Hawaiian Village Waikiki Beach Resort's new 36-floor Ala Moana Boulevard Tower will add 515 rooms with construction starting next year. Plus more hotel deal and development news items.
Thailand's hotel investment market is poised for continued growth in 2025, following a report of record-breaking THB 22.3 billion in transactions for 2024.
Visitor arrivals to the Philippines rose by 1% in early 2025, driven by returning overseas Filipinos despite declines in South Korean and Chinese tourists.