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.
Xenia Hotels & Resorts
North America
RLJ, Xenia, DiamondRock, and Chatham Report Earnings
Quarterly reports were mostly positive, but the week ended on a down note as hospitality stocks were down across the board.
North America
Pebblebrook Boosts EBITDA Outlook
Pebblebrook Hotel Trust increased their 2024 EBITDA and AFFO outlook despite reducing their RevPAR outlook, anticipating a stronger 2025.
North America
Wyndham’s New Extended Stay Brand Has First Grand Opening
ECHO Suites Extended Stay by Wyndham opened its first location in Spartanburg, South Carolina, marking a milestone for the brand with a development pipeline of nearly 270 hotels.
North America
IHG Plans to Double Hotel Indigo Portfolio
IHG Hotels & Resorts plans to double the Hotel Indigo portfolio within three to five years, adding new properties in diverse locations such as the Cayman Islands, Oman, Mexico, and more, with several openings scheduled throughout 2024.
North America
U.S. RevPAR Declines for First Time in 3 Years
Thanks to the shift in Easter in 2024 from March to April, RevPAR was down as a whole – but not in the top 25 markets in the U.S.
North America
CitizenM's Potential Sale Highlights Value in Boutique Sector
The owners of the CitizenM hotel chain, valued at 2 billion euros five years ago and now expected to double in sale price, are considering selling the rapidly expanded brand with over 40 global locations.
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
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
Travel + Leisure Finalizes Accor Vacation Club Acquisition
Travel + Leisure Co. has closed the acquisition of the vacation ownership business of Accor. The acquisition is expected to be immediately accretive to Travel + Leisure Co. earnings.