Ritz-Carlton

Bill Hornbuckle, CEO of MGM Resorts International, was named the national chair of the U.S. Travel Association’s board for a two-year term, succeeding Hilton’s Chris Nassetta.

Hilton partnered with NILE Hospitality to open 75 Hampton by Hilton hotels in India, expanding its presence in the upper-midscale segment.

Sri Lanka aims to attract three million tourists in 2024, with new hotel developments and significant growth in Indian visitors leading the way.

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.

Wells Fargo predicts a 2% U.S. RevPAR growth in 2025, led by group and luxury segments, upgrading Wyndham Hotels to Overweight and highlighting strength in Asia and Europe.

Vietnam welcomed over 17.5 million international visitors in 2024, a 39.5% increase from 2023, with South Korea and China as top sources.

JLL's new Hotel Operators Investment Survey highlights Asia Pacific's uneven hotel recovery, with disparities in regional growth, labor challenges, rising costs, and a positive 2025 outlook driven by MICE demand despite lingering tourist shortfalls.

Kuala Lumpur’s hotel pipeline features multiple new luxury developments—led by The Langham, Waldorf Astoria, Kimpton, and Conrad—that will add nearly 2,000 rooms in the coming years.

The U.S. hotel industry saw slight year-over-year performance improvements in November 2024, with New York leading occupancy gains among major markets.

Banyan Group is expanding globally with its 100th resort debuting in Singapore, new openings in Tanzania and the Dominican Republic, and record multi-brand growth across Asia, including highlights in Japan.