Lotte Hotels Shifts to Asset-Light Model
Lotte Hotels & Resorts is moving away from direct ownership of overseas hotels in favor of management contracts. Plus, more hotel deal and development news from APAC.
Frankfurt
Marriott's Huge Growth in the Caribbean and Latin America
Marriott achieved a record 94 signed deals in the region, an increase of 40% in signed transactions year-over-year. Plus, more hotel deal and development stories.
Hyatt Expands With Park Hyatt and Alila Brands
Hyatt to open Miraval Red Sea in Q1 2026, expand Park Hyatt to five locations, and rebrand Andaz Mayakoba as Alila in Feb 2026. Plus, more hotel development news.
Singapore Hotels Expect Strong Finish as Events Drive Demand
Events like Formula 1 and the Milken Institute’s Asia Summit push Singapore luxury hotel occupancies to 88% after sluggish first half. Plus, more hotel deal and development news.
Canadian Business Travel to Boom in 2024
Canadian business travel is expected to grow robustly in 2024, outpacing global and U.S. rates, with increased spending and trip frequency despite financial challenges.