With just weeks before the start of summer in the U.S., hotel executives are moving on from a disappointing first quarter and looking ahead to a better second half of the year.
Industry leaders met in early June in New York City for the NYU International Hospitality Industry Investment Conference. From the main stage to the breakout sessions, hoteliers discussed the hotel transaction environment, evolving guest demographics, the headwinds to growing international inbound demand, and more.
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, 2024 10:14 AMDuring a CEOs panel at the NYU International Hospitality Industry Investment Conference, hotel brand chief executives cited the globally growing middle class and strengthening group and business travel demand as reasons to be optimistic.
article5 Min ReadJune 04, 2024 09:51 AMAt the first day of the 2024 NYU International Hospitality Industry Investment Conference, hoteliers spoke about guest behavior, deals and property-improvement plans getting back to normal, or at least they're treating them as normal.
article4 Min ReadJune 10, 2024 09:30 AMDuring a general session at the NYU International Hospitality Industry Investment Conference, hotel brand CEOs talked about their expansion efforts in India and China while development overall remains a challenge.
article2 Min ReadJune 07, 2024 10:08 AMWith costs increasing at a faster pace than revenues, hotel data experts speaking at the 2024 NYU International Hospitality Industry Investment Conference said it's important to key in on efficient operations.
article1 Min ReadJune 05, 2024 09:08 AMMarriott International Chief Financial Officer Leeny Oberg is optimistic of the growth opportunities in her company for the remainder of 2024 and beyond.
article2 Min ReadJune 03, 2024 09:43 AMSTR and Tourism Economics anticipate lower U.S. hotel average daily rate growth and revenue per available room growth in 2024 and 2025.
article2 Min ReadJune 04, 2024 10:09 AMThe hosts of "Tell Me More: A Hospitality Data Podcast" break down why STR and Tourism Economics downgraded their U.S. hotel forecast for 2024 and 2025.
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article5 Min ReadJune 04, 2024 09:51 AMAt the first day of the 2024 NYU International Hospitality Industry Investment Conference, hoteliers spoke about guest behavior, deals and property-improvement plans getting back to normal, or at least they're treating them as normal.
article4 Min ReadJune 10, 2024 08:35 AM
article3 Min ReadJune 11, 2024 09:03 AMIn an exchange with MCR Hotels Chairman and CEO Tyler Morse, Pyramid Hotel Group President and CEO Warren Fields stressed the hotel industry sells more than "beds and showers."
article5 Min ReadJune 05, 2024 09:29 AMThe difficulties of international travel to the U.S., including increasing visa wait times and a strong dollar, were top of mind on the second day of the NYU International Hospitality Industry Investment Conference.
article4 Min ReadJuly 09, 2024 08:34 AMRemington Hospitality's Jason Reader discussed his company's expansion plans in the Caribbean and Latin America, where it already has two hotels under management with more under development.
article3 Min ReadJuly 08, 2024 09:27 AMAt a Lodging Industry Investment Council meeting, executives praised the allure of these properties when the market has the right dynamics and guest mix.
article2 Min ReadJuly 02, 2024 09:00 AMIn a video interview with HNN, First Hospitality's David Duncan spoke about how he sees the possibility of strong top-line growth from the combination of low incoming supply and solid performance while pursuing new deals as hotels trade hands.
article3 Min ReadJuly 02, 2024 08:50 AMChief Financial Officer Tom Barber joined the company in late 2023. He said Mission Hill continues to invest primarily in select-service and extended-stay hotels, but will look at lifestyle and full-service hotels as well.
article1 Min ReadJune 28, 2024 09:56 AMPaul Daly, Hyatt Hotels Corp.'s global head of franchise and owner relations, said his work is centered on finding ways to be flexible to hotel owners' needs as brands are decried for rigidity.
article1 Min ReadJune 27, 2024 08:49 AMHawaii-based resort brand Outrigger Hospitality Group is hopeful for further growth in its home state but sees opportunities in global beach destinations.
article2 Min ReadJune 26, 2024 09:05 AMExtended Stay America President and CEO Greg Juceam said his company has completely transformed since being taken private by Blackstone and Starwood Capital Group.
article1 Min ReadJune 20, 2024 09:28 AMSpringboard Hospitality CEO Ben Rafter also discussed the strong hotel performance in Hawaii despite continued lagging demand from Japan.
article2 Min ReadJune 18, 2024 09:08 AMIn a video interview, IHG Hotels & Resorts CEO of the Americas Jolyon Bulley spoke about the company's plans to grow its brand offerings in the Americas, including the debut of Six Senses and return of Regent to the U.S.
article3 Min ReadJune 17, 2024 09:18 AMAs major countries around the world are working to make inbound international travel easier, some experts say the U.S. isn't doing nearly enough and is falling behind as a destination.
article4 Min ReadJune 17, 2024 08:39 AMIn separate interviews, Aimbridge Hospitality CEO Craig Smith went into detail about the company's latest structural and leadership changes while Eric Jacobs, chief global growth officer, talks about stepping into his new role.
article5 Min ReadJune 21, 2024 10:14 AMHotel brand CEOs spoke about the importance of innovation during a panel at the 2024 NYU International Hospitality Industry Investment Conference.
article6 Min ReadJune 17, 2024 08:35 AMHotel executives spoke about how hotel REITs are frustrated by changes in what investors value and why brands expanding their experience offerings is attractive to guests and, therefore, hotel owners.
article3 Min ReadJune 13, 2024 09:11 AMMore hotel deals should be possible as the CMBS market opens up and investors have more clarity in terms of pricing.
article1 Min ReadJune 12, 2024 09:13 AMSonesta Hotels International has grown its portfolio through both acquisitions and conversions in recent years.
article3 Min ReadJune 24, 2024 09:09 AMHigh refinancing costs and slow performance growth could spark deals for upscale and upper-upscale hotels in some markets, Zach Demuth said in a video interview.