North America
The U.S. Election Day’s Impact on Hotel Revenue
STR reported U.S. hotel data for the week ended November 9. U.S. hotel RevPAR fell -3.5%, with occupancy down -3.5%.
Ohio
North America
Earnings Day for Host Hotels, RLJ, Xenia and More
Many U.S. hotel companies reported earnings, with RLJ Lodging Trust beating estimates but giving a softer forecast, Xenia Hotels missing across the board, and Host Hotels posting a modest beat despite hurricane impacts.
North America
Marriott and Choice Report Q3 Earnings
Choice Hotels’ Q3 results led to a stock uptick, while Marriott’s mixed report and lower Q4 guidance saw its shares decline despite share buybacks and a new cost-cutting plan.
North America
Service Properties Trust Shares Plunge
Service Properties Trust is reducing its dividend, selling 114 hotels to repay debt and save on capital expenditures, and will continue owning 34% of Sonesta while selling other properties.
North America
Skyline Investments Sells Courtyard Hotels Across the U.S.
Skyline Investments sold 11 Courtyard by Marriott hotels in the U.S. for $101 million, retaining ownership of three other Courtyard properties, which are up for sale.
North America
Choice Hotels Introduces Design Package for Hoteliers
Choice Hotels International is expanding its portfolio of solutions for its extended-stay hotel conversions with the introduction of Lobby in a Box, a modular design package.
North America
Hyatt Expands Select Service Pipeline in Americas
Hyatt Hotels is expanding its select service pipeline by 25% in the Americas, with significant global growth of its Caption by Hyatt and Hyatt Studios brands, while also upgrading its Hyatt House and Hyatt Place brands for better efficiency and guest experience.
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
Hotel Construction in Los Angeles Declines
Hotel construction in Los Angeles has significantly declined, with many projects facing foreclosure or bankruptcy, and financing difficulties limiting new developments.