Radisson Hotel Group

Japan and China are emerging as top destinations for global hotel investments due to strong travel demand, economic optimism, and promising returns.

Marriott International opened its 50th property in Malaysia, the Penang Marriott Complex, featuring three hotels, while announcing plans to shift six Samhi Hotels in India to managed operations by October 2024.

STR reported U.S. lodging data for the week ending August 31, showing a 3.6% rise in RevPAR, with ADR up 1.6% and occupancy up 1.9%. Group RevPAR increased 7.2% on a 7.1% occupancy boost.

The nationwide hotel strike is intensifying, impacting major hotel chains and owners, with concerns about the long-term effects of either giving in to union demands or enduring prolonged strikes.

IHG Hotels & Resorts is expanding its presence in Thailand by introducing its new brand, Garner, and aiming to double its hotel portfolio in the country.

Luxury hotels in Bangladesh are facing a nearly 90% drop in guests and significant financial losses due to unrest, curfews, and travel warnings, with near-zero bookings reported for late July and August.

Wyndham showed strong performance through expense containment and share repurchases, and Accor increased RevPAR, net unit growth, and EBITDA.

Investors are concerned as Travel + Leisure Co. and Red Rock Resorts reported modest or solid earnings but saw stock declines, reflecting nervousness and a shoot-first-ask-later mentality on Wall Street.

H World Group approved a three-year, $2 billion shareholder return plan, including dividends and repurchases, effective from July 23.

Alliance Global Corp plans to spend nearly $170 million this year, mainly on upgrading facilities at Newport World Resorts and developing Westside City.