InterGlobe Hotels

The Leela owner, Schloss Bangalore’s IPO dreams are still alive, but not as grand as before.

Marriott plans a dual-branded AC Hotel and Moxy Hotel in Dallas, while other hotel companies announce global openings and renovations.

The Baird Hotel Stock Index was down -13.7% in March. But they were up modestly today. Goldman Sach re-rated a few hotel groups. And more news.

Thailand postpones casino bill debate amid opposition, while major hotel groups including IHG, Accor, and BWH expand across India.

Marriott International has begun a company-wide restructuring with layoffs across its corporate business, confirmed after hints in previous conference calls.

Banyan Tree Group , closing out the 2022 fiscal year with 63 properties across its global portfolio of 10 hospitality brands, expects to get to 113 hotels by the end of 2025 . Radisson Hotel Group announced the opening of Lewit Hotel Pattaya , a member of Radisson Individuals in the beach resort town of Pattaya. The grand opening of Ember Hotel , a boutique lifestyle hotel located at Khao San Road in Bangkok, Thailand was announced.

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while occupancy remained slightly below 2019. The director of the Macao Government Tourism Office told a tourism forum that Macau welcomed an average of around 57,000 visitor arrivals each day in February .