New Orleans

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.
Alan Woinski and Kim Woinski | 2 weeks ago
The exterior of a three-story motel.
North America

OYO to Buy Motel 6 from Blackstone for $525 Million

OYO is acquiring G6 Hospitality from Blackstone for $525 million, adding 1,500 U.S. and Canadian locations while keeping Motel 6 and Studio 6 brands independent.
Alan Woinski and Kim Woinski | 2 weeks ago
North America

Jefferies Reports Lodging Stocks Show Improvement

Jefferies notes that lodging stocks tied to moderate to lower-end brands are outperforming due to economic stability, while higher-end brands are underperforming amid slower leisure travel and delayed interest rate cuts.
Alan Woinski and Kim Woinski | 3 weeks ago
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.
Alan Woinski and Kim Woinski | 1 month ago
North America

Truist Unveils Forecasts for Hotels

Truist reports slight downward revisions in U.S. hotel booking and pricing trends for 3Q and 4Q, with modest growth expected in 2025, but no signs of a sudden pullback or near-term upside for RevPAR.
Alan Woinski and Kim Woinski | 1 month ago
Exterior of a short-term rental building
North America

Marriott Drops Sonder a Lifeline

Marriott International has entered a long-term licensing agreement with Sonder Holdings to add over 9,000 rooms to its portfolio under a new "Sonder by Marriott Bonvoy" collection, contributing to a projected 2024 net room growth of 6-6.5%.
Alan Woinski and Kim Woinski | 2 months ago
Exterior of a red brick hotel with a man walking along a sidewalk
North America

U.S. Hotel Performance May Be Down But RevPAR Is Still Up

CBRE has lowered its U.S. hotel performance forecast for 2024 due to weakening leisure travel and corporate profits but still expects RevPAR growth driven by international tourism and election-related events.
Alan Woinski and Kim Woinski | 2 months ago

Timeshare and Casino Earnings Spook Investors

Investors are concerned as Travel + Leisure Co. and Red Rock Resorts reported modest or solid earnings but saw stock declines, reflecting nervousness and a shoot-first-ask-later mentality on Wall Street.
Alan Woinski and Kim Woinski | 3 months ago
Exterior of a hotel in a city.
North America

Hyatt Expands in New Orleans

Hyatt Hotels Corporation announced the addition of Maison Metier and The Barnett in New Orleans to their portfolio, both expected to join Hyatt's independent collections in 2024 under new branding and management by HRI Hospitality.
Alan Woinski and Kim Woinski | 3 months ago