Wyndham Grand

OYO is acquiring G6 Hospitality from Blackstone for $525 million, adding 1,500 U.S. and Canadian locations while keeping Motel 6 and Studio 6 brands independent.

Wells Fargo adjusted ratings and price targets for several hotel stocks, upgrading some while cutting price targets for others.

Wyndham Hotels & Resorts will open their first luxury hotel in India next year in Udaipur, while expanding their presence in the country with more hotel openings and strategic alliances.

Extended Stay America announced its growth outlook through franchising, following the momentum from a strong year of milestones, including 20% growth of its franchise portfolio across its family of brands.

79% of markets showed growth in Revenue Per Available Room (RevPAR) compared to 2019, with countries like the United Arab Emirates, South Korea, and Singapore leading. Wyndham Hotels & Resorts is set to open over 10 new hotels in Malaysia, and BWH Hotels announced a new upscale hotel in Vietnam, indicating significant growth and investment in the Asian hospitality market. Chinese airlines are canceling flights to Thailand amidst decreasing traveler numbers, despite visa waivers. Meanwhile, the Philippines surpassed its target for international visitor arrivals, with South Korea being the top source market.

Wyndham Grand debuts in Kuala Lumpur and Hilton's Curio Collection enters India, while Hotel Indigo Sydney Potts Point launches after a significant refurbishment. Hyatt and IHCL plan extensive expansions in India, while Genting invests in Sentosa. The Westin Tokyo undergoes a major makeover, and Candeo Hotels integrates a historic temple in Osaka.

Phuket's hotel market saw strong growth in the first half of 2023, driven by increased flight volumes, with Russia and China as top tourism markets, and higher room rates post-pandemic. Accor anticipates a surge in hotel conversions due to stricter lending rules, leading to more independent Thai hotel owners seeking franchising, rebranding, or conversion opportunities. Macau plans to invest in attracting foreign tourists but faces challenges due to airport expansion. Wyndham opens its first Wyndham Grand hotel in South Korea, and S Hotels and Resorts launches SO/Maldives in the CROSSROADS Maldives.

Cushman & Wakefield reported significant growth in China's hotel industry, with domestic tourism on the rise and strong performance in the hotel market. Las Vegas Sands is embarking on a $3.3 billion expansion project in Singapore, while Wyndham Hotels & Resorts is expanding in Vietnam, including a massive complex on Bai Dai beach. Fine Acers Hotels and Resorts Pvt Ltd is partnering with Wyndham Hotels & Resorts to open a luxury Wyndham Grand Hotel & Branded Residences in Amer, Jaipur, India.

Jefferies downgraded Marriott Vacations to "Hold" from "Buy" and reduced their target price, expressing concerns over the macroeconomic outlook, particularly in consumer credit and interest rates. The 2023 survey from the Hospitality Asset Managers Association indicates optimism about RevPAR's return to 2019 levels, while various hotels announce new completions, renovations, and sales across the U.S. Key personnel appointments are announced in major hotel groups, and international brands like Wyndham, Accor, and Hyatt unveil expansion plans and new properties in locations such as Barbados, France, and Spain.

DJIA, Nasdaq, and S&P 500 all experienced gains, while 10-year treasury yield decreased. Lodging stocks surged, led by lodging REITs AINC and ABNB, potentially narrowing the gap between NAV and stock prices. Lodging Dynamics Hospitality Group takes over management of Hilton Garden Inn and Homewood Suites in Los Angeles. Manhattan's Park Lane Hotel sold to Qatar's sovereign wealth fund. Wingate by Wyndham near LAX sold to Greens Group. IHG announces new Crowne Plaza in Saint John, New Brunswick. Kintetsu Group plans new hotel in Plano, Texas. Choice Hotels breaks ground on Cambria Hotel in East Tampa, Florida. Evans' Tempo by Hilton project falls apart. Philadelphia's former Family Court building to be transformed into a boutique hotel with an African American Museum nearby. East Bay Resort rebrands as Salterra Resort and Spa in Turks and Caicos after major renovation.