Capella Hotels to Open First Resort in Taiwan
Capella Hotels announced the opening of Capella Kenting, a world-class resort in Southern Taiwan, set for 2028, featuring Taiwan's largest hotel rooms and extensive luxury amenities.
InterContinental
Macau to Add 3,000 Hotel Rooms
Nearly 3,000 new hotel rooms are under construction in Macau, with seven more projects planned, while neighboring Hengqin offers cheaper accommodation alternatives.
San Francisco Area Hotel Production Dries Up
Hotel production in the San Francisco Bay Area has nearly stopped in 2024, with only two new openings and uncertain prospects for ongoing projects.
Pebblebrook Boosts EBITDA Outlook
Pebblebrook Hotel Trust increased their 2024 EBITDA and AFFO outlook despite reducing their RevPAR outlook, anticipating a stronger 2025.
IHG Expands Portfolio in Mexico
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.
U.S. Investors Optimistic About the Hotel Market
The 2024 CBRE Global Hotel Investors Intentions Survey indicates U.S. hotel investors are optimistic, with plans to increase investments, despite challenges like debt servicing and rising costs, favoring urban and leisure markets such as New York City, Miami, Charleston, and Boston.
Accor Opens Its 700th Hotel in China
Accor has opened its 700th hotel in China, the Sofitel Shanghai North Bund, coinciding with the Sofitel brand's sixtieth anniversary and the China-France Year of Culture and Tourism.
Truist Bullish on Wyndham Hotels' Growth and Economic Outlook
Truist is optimistic about Wyndham Hotels' new developments, RevPAR growth, and brand launches, highlighting a strong positive outlook on the economy and travel spending, with franchisees highly confident.
Luxury Hotel Brands Flood Into Seoul
Marriott International expands its presence in Seoul while luxury brands like Aman Group, Rosewood Hotels & Resorts, and IHG Hotels & Resorts are also entering the South Korean market.
Minor Aims to Add 50 Hotels in India
Minor Hotels plans to open 50 new hotels in India over the next decade, focusing on luxury and upscale segments, while targeting specific opportunities in wellness, lifestyle, and historic venues, and emphasizing partnership-based management.