Hyatt Plans 90 Asia Pacific Hotels Over 5 Years
Asia hotels report: India down 20% because of spring jitters. Across APAC, Hyatt, Hilton, and IHG expand with 90+ properties.
Andaz
Choice Hotels Adds 9,500 High-End Rooms in China
Choice Hotels International is expanding in China, announcing a distribution and franchise agreement with SSAW Hotels & Resorts Group.
Hotel Equities and Springboard Hospitality Announce Merger
Hotel Equities and Springboard Hospitality merged, plus other hotel news.
BWH Hotels Focuses India Expansion on Secondary Markets
BWH Hotels is expanding in India with 21 new properties, targeting secondary markets, aiming for 100 hotels in five to seven years, and introducing its Aiden brand in Amritsar.
CBRE Projects U.S. RevPAR Growth of 2% This Year
CBRE predicts steady RevPAR growth of 2.0% in 2025, driven by urban market strength, increased travel, and economic recovery.
Marriott’s Stronger Q4 Met With Weak Response
Marriott beat 4Q24 expectations, but its stock fell due to cautious guidance, softer NUG outlook, and lower share repurchases.
Sri Lanka Sees Marriott and Radisson Expand
Sri Lanka aims to attract three million tourists in 2024, with new hotel developments and significant growth in Indian visitors leading the way.
Phuket Boosts International Visitors, Bali Grows Domestic Market
Phuket and Bali are experiencing tourism growth with record hotel rates but face infrastructure challenges and have yet to return to pre-COVID arrival levels.
Global Hotel Transaction Volume Hits $42.1 Billion
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.
Design Hotels Announces 10% Global Portfolio Growth
Design Hotels reported 10% portfolio growth, highlighted by new agreements including new Firmdale properties, and expansion with Grupo Habita, Drift Hotels, and ASH.