First Hospitality Opens Up Investment Arm to Outside Capital
First Hospitality unveils $400 million fund to acquire premium hotels, opening decades-old investment division to outside investors.
Croatia
New York City Hotel Prices Reflect Demand
New York City hotel prices hit record highs, prompting mixed reactions from tourists and concerns over affordability, influenced by new Airbnb regulations and migrant housing demands.
Kim Woinski and Alan Woinski |
Canadian Hotels Enjoy Record Average Daily Rates
DJIA, Nasdaq down; S&P 500 fell; 10-year treasury yield up.
Hotel Trends: Global RevPAR growth; Canada's record ADR and RevPAR; mixed occupancy rates.
Developments: Hotel expansions, renovations; Hyatt Vacation Club launch; new CEOs, brand in Croatia.
Alan Woinski and Kim Woinski |
Market Surges and Airbnb Lawsuit
Market surge: DJIA and Nasdaq experience significant gains, with the DJIA surging 701 points and the stronger-than-expected jobs report contributing to the rise.
Airbnb lawsuit: Airbnb files a lawsuit against New York City over a new law that the company claims will limit short-term rentals and make it more difficult for hosts to do business.
Hotel openings and acquisitions: Several hotel brands announce new openings and acquisitions, including WoodSpring Suites, Sonesta, and Margaritaville, expanding their presence in different cities and states.
Alan Woinski and Kim Woinski |