Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. Plus more hotel deals and development news.
Wyndham says it now has more than 720 hotels now operating across Europe, the Middle East, Eurasia, and Africa. Plus more hotel deals and development news.
The travel & tourism sector witnessed a notable decline in deal activity in the first half of 2025, down 8% year over year. Plus, hotel deal and development news.
The top hotel pipeline cities in Canada at the close of the second quarter are led by Toronto, Vancouver, and Niagara Falls. Plus, more hotel deals and development news.
Blackstone Group agreed to buy the troubled Sunseeker Resort in Port Charlotte, Florida, for $200 million from Allegiant Travel Company. Plus more hotel development news.
In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel.
Amid mixed hotel sector performance, Hilton beat earnings while trimming 2025 guidance as hospitality firms expand with new properties across the US and globally.
In July 2024, the U.S. hotel industry saw flat year-over-year performance, with Oahu Island leading in key metrics, while Phoenix and New Orleans had the lowest occupancy rates.
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.