Residence Inn by Marriott

North America

WTTC Projects Record-Breaking Year for Travel

The World Travel & Tourism Council predicts 2024 will be a record year for the sector, with an economic contribution expected to hit $11.1 trillion, indicating robust growth and significant job creation.
North America

IHG’s New Prototypes for 3 Brands

IHG Hotels & Resorts unveiled new prototype options for Staybridge Suites, Candlewood Suites, and Atwell Suites, set to roll out by Q2 2024 and debut in properties as early as 2025.
North America

Hampton by Hilton Unveils New Brand Identity

Hampton by Hilton announced a new North American prototype and the unveiling of a refreshed global brand identity, with key updates for both Hampton Inn and Hampton Inn & Suites.
North America

Club Med Says It’s Hit a Milestone

Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever.
North America

A&O to Invest €500 Million in Hostels

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.
North America

Hotel Job Growth Slows Down

While U.S. unemployment remains below 4%, employment growth has been slowing and hotel job openings have also slowed. Wage growth outpaced inflation, but RevPAR contracted again in January.
North America

Lodging Stocks Rise on U.S. Fed Statement

The Fed Chief made it pretty clear there will be no interest rates lowered for some time and the markets seemed to like the certainty.
North America

Wyndham Hotels’ Instant Group Booking Windows

Group bookings across the industry’s largest portfolio of economy and midscale hotels will soon take minutes, not days, thanks to Groups360 and the rapid rollout at over 5,600 Wyndham hotels.
North America

MCR Refinances Its Hotel Portfolio

MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s new operating income, increasing it from $15 million at acquisition to $36 million.
North America

Hilton’s New Partnership With Small Luxury Hotels of the World

Hilton and Small Luxury Hotels of the World announced an exclusive strategic partnership that will welcome Hilton guests to hundreds of independently minded luxury hotels in the most sought-after destinations around the world.