In early June, hotel executives met in New York City for the NYU International Hospitality Industry Investment Conference.
Hotel brand leaders, owners and developers discussed the state of financing and construction, why the industry is investing so heavily in extended-stay brands and whether a recession might happen in the second half of 2023.
Click through Hotel News Now's complete coverage of the conference and favorite this page as it will be updated with more content.
article5 Min ReadJune 06, 2023 09:07 AMHoteliers said the demand environment remains strong heading into the busy summer travel season, but there are some early signs that leisure demand could soon start to slow.
article5 Min ReadJune 07, 2023 09:11 AMHotel, travel and finance executives said that while the hotel industry faces increasing costs and more expensive debt, people's desire to travel for work and leisure will carry through these shorter-term problems.
article3 Min ReadJune 12, 2023 08:46 AMMember of the Industry Real Estate Financing Advisory Council believe alternative lenders will grow in prominence as regulations and caution push banks to the sidelines as hotel lenders.
article5 Min ReadJune 08, 2023 09:16 AMDuring a presentation at the NYU International Hospitality Industry Investment Conference, hotel analysts shared positive projections for U.S. hotels.
article3 Min ReadJune 15, 2023 08:50 AMAs the cost of debt continues to grow, hotel investors are focused on adding value through operations.
article1 Min ReadJune 15, 2023 09:05 AMNoble Investment Group CEO Mit Shah said companies such as Hilton, Hyatt and Marriott embracing the segment is a testament to its continued strong fundamentals.
article3 Min ReadJune 13, 2023 09:06 AMVisibility around international inbound and outbound travel trends is clearing up, but hotel industry CEOs say there's still a lot of space for changes to play out around the world.
article1 Min ReadJune 20, 2023 08:26 AMMission Hill CEO Greg Kennealey said despite his firm's young age and mounting macroeconomic issues that have gummed up the transactions environment, his company has been able to grow in its two years through relationships.
article5 Min ReadJune 09, 2023 09:33 AMMarriott International's executives said the upcoming midscale extended-stay brand, known as Project MidX Studios, will attract owners and franchisees because of its lower cost to build and operate.
article2 Min ReadJune 09, 2023 09:36 AMA strong operating environment and continued growth in key performance metrics have left hoteliers feeling overwhelmingly optimistic, despite continued issues with financing and the looming threat of a recession.
article3 Min ReadJune 16, 2023 08:41 AMDuring the latest meeting of the Lodging Industry Investment Council, hotel industry experts explained how guest behavior, particularly shorter booking windows, pose a challenge for planning.
article5 Min ReadJune 21, 2023 09:42 AMAttendees at the Lodging Industry Investment Council spoke about the hotel transactions environment, what lenders want and what's happening with third-party management consolidation.
article5 Min ReadJune 22, 2023 09:12 AMOTO Development has seen its new-build pipeline slow in a challenging hotel development environment, but it's keeping an eye out for growth opportunities through new projects and acquisitions.
article2 Min ReadJuly 12, 2023 08:22 AMConcord Hospitality's Melinda Griffith shares how her company grew its portfolio and where it sees potential for future expansion.
article4 Min ReadJuly 07, 2023 08:23 AMIn an interview, Pebblebrook Hotel Trust's Ray Martz spoke about the hotel REIT's affinity for independent, lifestyle hotels and its capital strategy of property sales and buying back stocks at a discount.
article3 Min ReadJuly 06, 2023 08:27 AMOutrigger Hospitality Group is expanding, acquiring two additional resort properties in Hawaii.
article1 Min ReadJuly 03, 2023 01:14 PMFurther interest rate increases are likely to curb trading going forward.
article6 Min ReadJune 30, 2023 09:20 AMHospitality experts said even if economic cycles are fluctuating, travelers who stay in the upper-luxury and ultra-luxury ends of the market don't want any part of their travel experience taken from them.
article3 Min ReadJune 30, 2023 08:18 AMIn an audio interview, STR President Amanda Hite said higher rates and signs that a recession won't arrive when previously expected are behind the upward revisions in the firm's U.S. hotels performance forecast.
article2 Min ReadJune 29, 2023 08:56 AMIn an audio interview, Aimbridge Hospitality's Mark Tamis talks about how the company's divisional structure helps it respond to hotel owners' needs as well as how it's been focusing heavily on talent recruitment and retention.
article3 Min ReadJune 28, 2023 08:30 AMCrestline Hotels & Resorts' Ed Hoganson said the third-party management company has found opportunities to grow as more hotel owners look to consolidate their portfolios under fewer operators.
article2 Min ReadJune 28, 2023 08:23 AMNew hotel brands are emerging designed specifically for how people travel post-pandemic. Hilton's Chief Brand Officer Matt Schuyler details how the company built its latest brand, Project H3, with today's guest in mind.
article2 Min ReadJune 27, 2023 08:35 AMExecutives in the hospitality industry say investments in artificial intelligence should focus on taking grunt work out of the hands of employees to allow them to focus on more productive work.
article1 Min ReadJune 26, 2023 09:07 AMFirst Hospitality President and CEO David Duncan said there's a lot of reason for optimism with strong hotel operating metrics, but the transactions and development environment are significantly more difficult.
article3 Min ReadJune 26, 2023 08:34 AMHotel brand executives say they're still signing deals, but they've had to get more creative to get things done and they're leaning more on conversions over new builds.