West Virginia

IHG Hotels & Resorts is significantly expanding its luxury and lifestyle portfolio in Mexico, Latin America, and the Caribbean, with multiple new openings planned through 2027, including properties from its Six Senses, InterContinental, Kimpton, Vignette Collection, and Hotel Indigo brands.

This is the first Mexican property for Marriott's five-year old all-inclusive luxury push.

International tourism nearly reached pre-pandemic levels in early 2024, with notable growth in the Middle East, Europe, and Africa, and a full recovery projected for the year.

In the shorter term, CBRE expects a 2% RevPAR growth in 2024, driven by international tourism and limited supply, despite a weaker first quarter and a reduced forecast from 3%.

Selina Hospitality received a delisting notice from Nasdaq due to its low stock price, but plans to implement a reverse stock split to regain compliance.

Lodging stocks and the broader market traded and closed higher on Friday, but Selina decided to go its own way and closed at a new all-time low.

Hampton by Hilton announced a new North American prototype and the unveiling of a refreshed global brand identity, with key updates for both Hampton Inn and Hampton Inn & Suites.

Four Seasons will develop the Four Seasons Residences at The Ocean Club in Nassau, Bahamas. This project, set to open in 2027, will include 67 Private Residences with luxurious amenities including an oceanfront pool, private cabanas, a beachfront restaurant, a spa, and more.

Baird provides insights into investor sentiment and expectations for 2024 RevPAR growth among hotel brands. Several hotel renovation and construction projects are announced, including a new Westin Resort in Cocoa Beach, Florida, and a Ritz Carlton Residences in Lake Woodlands, Texas. Multiple hotel acquisitions and developments are highlighted, such as the Kastrati Group's acquisition of SLS Brickell in Miami and IHG Hotels & Resorts introducing the Kimpton brand in Portugal with Kimpton Algarve Sao Rafael Atlantico.

Choice Hotels and IHG saw new 52-week highs after reporting their earnings. Service Properties Trust also had a positive day with a 4% stock increase. IHG introduced a new conversion-focused brand in the mid-market. Marriott acquired and integrated the City Express brand. Hilton introduced a new hotel in Times Square. Several other hotel groups, including Charlestowne Hotels, 21c Museum Hotels, and Six Senses, announced new properties or renovations. Tru by Hilton opened in Mississauga, Ontario. TUI is actively expanding its hotel portfolio. Mandarin Oriental and Six Senses revealed new luxury resorts in Italy and Greece, respectively. Personnel news highlighted new appointments at LBA Hospitality and Barriere.