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.
The U.S. hotel construction pipeline has reached a 16-month high with significant growth in midscale and economy segments, driven by newer brands and extended-stay projects.
ECHO Suites Extended Stay by Wyndham opened its first location in Spartanburg, South Carolina, marking a milestone for the brand with a development pipeline of nearly 270 hotels.
Braemar Hotels and Blackwells Capital have reached an agreement ending their proxy battle, with Blackwells withdrawing nominations, supporting BHR proposals, buying more shares, and BHR adding an independent director with Blackwells' input.
CitizenM is expanding its membership program to offer co-working benefits, including inspiring spaces, premium amenities, and access to 34 global locations.
The DJIA ended Friday down 40 points while Nasdaq was down 126, the S&P 500fell 22 points and the 10 year treasury yield was up .06 to 4.34%. Lodging stocks had a good day despite…
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.
Aimbridge Hospitality sued Avion Hospitality and its CEO, Robert Burg, for allegedly using confidential information to interfere with its management contracts, resulting in tens of millions in lost revenue.