Florida

North America

Global Tourism Numbers in First 7 Months Beat 2023, Approach 2019

International tourism in the first seven months of 2024 grew by 11% compared to 2023, nearing 2019 levels, with all regions showing strong recovery, led by the Middle East, and many countries exceeding pre-pandemic arrival numbers and receipts.
North America

Regent Hotels Returns to the U.S.

The Regent Santa Monica Beach opened on October 1 as Regent's first U.S. hotel since IHG's 2018 acquisition, following a $150 million renovation.
North America

Hyatt Unveils Plans for Luxury and Lifestyle Expansion

Hyatt Hotels Corporation is expanding its luxury and lifestyle hotel portfolio with over 20 recent and planned openings across the U.S., Canada, Latin America, and the Caribbean through 2025.
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.
North America

Hotel Worker Strikes Resume in Boston

About 400 workers at four Boston hotels began a three-day strike on Thursday. They're seeking higher wages and staffing levels.
North America

CitizenM Opens Its Second Boston Property

citizenM has opened its second Boston property, citizenM Boston Back Bay, a 15-story hotel with 399 guestrooms, curated artwork, and a rooftop bar, making it the company's largest hotel within the Lyrik development.
North America

U.S. Hotel RevPAR Goes Up

STR reported U.S. lodging data for the week ending August 31, showing a 3.6% rise in RevPAR, with ADR up 1.6% and occupancy up 1.9%. Group RevPAR increased 7.2% on a 7.1% occupancy boost.
North America

Roosevelt Hotel Privatization Decision Delayed Again

The Privatization Commission board of Pakistan could not decide on the mode of privatizing the Roosevelt Hotel in New York, with members divided between leasing it for 99 years or developing it through a joint venture.
North America

3 Large Texas Hotels Secure Refinancing

JLL Capital Markets successfully refinanced three major Texas hotels—Sheraton Dallas, Marriott Marquis Houston, and Fairmont Austin—securing significant loans for each property.