Toronto Has Canada's Largest Hotel Pipeline
The top hotel pipeline cities in Canada at the close of the second quarter are led by Toronto, Vancouver, and Niagara Falls. Plus, more hotel deals and development news.
Italy
U.S. Sees Year-Over-Year Visitor Increase
Overseas visitor volume to the U.S. in April was up modestly year-over-year. Plus, LVMH sells its only U.S. hotel, and a lot of other hotel development news.
Exclusive Resorts Takes Controlling Interest in Onefinestay
Exclusive Resorts reached a strategic agreement with Accor to take a significant minority stake in the French hotel giant’s OneFineStay luxury vacation rental brand.
Jalisco Announces $1 Billion Hotel Development Program
Jalisco announced $1 billion investment for 38 new hotels by 2028, with Hyatt investing $295 million in three Puerto Vallarta properties.
Hilton Signs Two Hotels at Delhi International Airport
Hilton announces partnership with Delhi International Airport Limited to open Waldorf Astoria and Hilton Hotels at GMR Aerocity.
Limited Bullishness at NYU Hotel Show
Hotel industry executives showed subdued optimism at NYU Conference amid macro uncertainty and flat transaction growth expectations.
Hyatt Launches Unscripted While IHG Doubles Conversion Signings
Hyatt launches new Unscripted brand with 40 hotels in talks. IHG sees total global conversion signings nearly doubling between 2023 and 2024.
IHG and Choice Hotels Report Earnings
IHG and Choice were optimistic about the rest of the year, though Choice moderated its outlook. The lodging sector expanded with Kessler Collection and others breaking ground.
Thailand Hotel Investment to Grow This Year, Says JLL
Thailand's hotel investment market is poised for continued growth in 2025, following a report of record-breaking THB 22.3 billion in transactions for 2024.
U.S. Hotel Occupancy for Mid-April Drops
Multiple hotel companies announced property openings globally, including Peachtree Group receiving USCIS approval for a SpringHill Suites in Utah.