Radisson Blu

China rates soften while demand rises. Hotel groups expand across Asia-Pacific with new properties in India, China, Australia and Fiji amid mixed tourism trends.

The sell-off in stocks accelerated Friday after a failed attempt in the morning for a rebound: All three indexes fell.

In Indonesia, hotel occupancy rates in several regions have plunged to as low as 20% as the budget cuts have stripped away a vital source of income for hotels.

The Al-Bahar Group, the majority shareholder of Yotel, has taken an extra 30% stake, raising its total stake in Yotel to more than 95%.

Marriott beat 4Q24 expectations, but its stock fell due to cautious guidance, softer NUG outlook, and lower share repurchases.

Sonesta International Hotels Corporation has partnered with Mint Developers to build The James Hotel & Residences Downtown Miami, an $850 million, 82-story tower set to open in 2028.

Indian Hotels Company announced a new Tajhotel in Ayodhya, set to open in 2026 with 300 rooms, luxury villas, extensive amenities, and event space, expanding IHCL’s footprint in Uttar Pradesh to 31 hotels.

Choice Hotels is revitalizing its Radisson Hotels Americas brand with new visual identities, enhanced guest experiences, and significant renovations at key properties.

Italpinas Development Corp is partnering with Dusit Hotels to open Dusit-branded hotels in Mindanao by 2029, while Dusit also announces the soft opening of its first Malaysian hotel in Melaka on December 7.

Concord Hospitality has partnered with Margaritaville Resorts to manage the Compass Hotel Anna Maria Sound in Bradenton, Florida, featuring 123 rooms, dining, a pool, and a fitness center.