North America
Wells Fargo Adjusts Ratings for Hotel REITs
Wells Fargo adjusted ratings and price targets for several hotel stocks, upgrading some while cutting price targets for others.
Vignette Collection
Asia-Pacific
PATA’s Tourism Recovery Scenarios for Asia Pacific
The Pacific Asia Travel Association (PATA) laid out tourism recovery scenarios for the Asia Pacific, predicting a slow recovery with 2024 arrivals still 31% below 2019 levels, and a range of outcomes for Thailand by 2026.
Asia-Pacific
One of the Worst Hotel Ideas in Macau Ever
Alongside a relatively strong projected occupancy rate this summer, one of Macau’s most notable hotel failures has reopened its doors despite bankruptcy.
North America
Hyatt Acquires ‘me and all hotels’ Brand in Europe
The DJIA ended Friday down 40 points while Nasdaq was down 126, the S&P 500fell 22 points and the 10 year treasury yield was up .06 to 4.34%. Lodging stocks had a good day despite…
Asia-Pacific
Australia Will Have Record Tourism Economic Impact in 2024
The World Travel & Tourism Council forecasts that Australia's travel and tourism sector will contribute a record $265.5 billion to the economy in 2024, with expectations to surpass $345 billion by 2034.
North America
IHG Expands Portfolio in Mexico
IHG Hotels & Resorts is significantly expanding its luxury and lifestyle portfolio in Mexico, Latin America, and the Caribbean, with multiple new openings planned through 2027, including properties from its Six Senses, InterContinental, Kimpton, Vignette Collection, and Hotel Indigo brands.
Asia-Pacific
APAC Hotel Construction Pipeline Rises 7% Year-Over-Year
The Q1 2024 Hotel Construction Pipeline Trend Report shows significant growth in the Asia Pacific region's hotel construction, with a 7% increase in projects and a 2% increase in rooms year-over-year, led by India, Vietnam, and Indonesia.
Asia-Pacific
Hyatt’s Pipeline is 40% in China
Hyatt aims to expand its presence in China's economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities.
North America
Choice Hotels Tries Another Time With Wyndham
Choice Hotels issued a press release urging Wyndham stockholders to tender their shares before the March 8 deadline. We would characterize the press release as of begging WH shareholders to threaten they will pull the plug.
Asia-Pacific
Sri Lanka Steals Tourism Share From Maldives
The tensions with the Maldives have Indian tourists diverting to other coastal tourist destinations and Sri Lanka is already reaping the benefits, surpassing Maldives in the number of tourists for the first time.