Sonder is almost able to file accurate financial statements on a quarterly basis. Getting to profitability will come after that. And other hotel deal and development news.
Radisson Hotel Group’s CEO, Federico Gonzalez, discusses expansion plans in India (saying his group ranks second in India in terms of number of hotels). Plus, BWH Group expands in APAC, and more hotel news.
Hotel Equities has made a series of executive appointments across its operations, finance, and marketing teams. Plus, other hotel deal and development news.
Canada’s hotel industry reported its highest occupancy level since August 2019. Worldwide, RevPAR remains near all-time highs despite moderating growth rates. Plus more hotel deal news.
In New Zealand, only visitation from the U.S. has returned to pre-pandemic levels, but hotel supply is 13% above 2019's levels. That plus more hotel deals and development news.
Thailand has cut its forecast for foreign tourist arrivals this year to 33 million, down from a hoped for 37 million and down from the nearly 40 million foreign visitors recorded in 2019.
The Daily Lodging Report turned 30 years old today! Soho House reached an agreement with an investor group led by MCR and its Chairman and CEO Tyler Morse to take SHCO private at $9 a share.