London

Ace Hotel/Atelier Ace welcomes brand veteran Chris Penn as its CEO, appoints Mostafa Abdella as COO, and elevates Meriem Soliman to Chief Brand Officer.

In November 2024, Canada’s hotel industry experienced a significant boost, driven by Taylor Swift’s Eras Tour and a favorable calendar shift, with notable occupancy and rate increases in Toronto and Vancouver.

Universal Studios is undergoing major expansions in Hollywood and Orlando, including new hotels and the opening of the Epic Universe theme park in 2025.

U.S. hotels and travel companies are focusing on a surge in Indian tourists to offset declining domestic leisure spending and reduced demand from East Asia and Europe.

Global hotel transactions rose to $42.1 billion in Q3 2024, driven by large deals and robust fundamentals, with further growth expected amid favorable economic conditions.

Lodging Analytics Research & Consulting forecasts moderate growth in U.S. hotel performance, with rising RevPAR and hotel values through 2025, despite slight margin erosion.

Rosewood Hotels is expanding globally in 2025 with new luxury properties in Japan, Mexico, Qatar, Amsterdam, and London, offering luxury accommodations, dining, and wellness experiences.

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.

Concord Hospitality has partnered with Margaritaville Resorts to manage the Compass Hotel Anna Maria Sound in Bradenton, Florida, featuring 123 rooms, dining, a pool, and a fitness center.

Deutsche Bank's conference highlighted mixed optimism in the gaming, lodging, and leisure sectors, with discussions on election impacts, leisure demand stabilization, corporate travel growth, M&A opportunities, and cautious investor views on resort acquisitions.