Hilton announced it has reached the milestone of 9,000 hotels globally, representing nearly three openings per day since reaching 8,000 hotels just over a year ago.
Mandarin Oriental has confirmed that it will no longer proceed with the management of the San Clemente Palace, Venice, under the previously announced agreement. Plus, more deal and development news.
Highside secured a $500 million financing package from affiliates of Apollo to expand Everhome Suites from Choice Hotels. Plus more hotel deal 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.
Over 300 million tourists traveled internationally in the first three months of 2025, a 5% rise from last year and 3% more than in pre-pandemic year 2019.
Choice Hotels beat earnings expectations due to "other revenues," boosted guidance, and repurchased shares, while Accor reported strong Q4 results, announced a major stock buyback, and considered selling its AccorInvest stake.
The U.S. hotel industry saw slight year-over-year performance improvements in November 2024, with New York leading occupancy gains among major markets.