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The Trump administration released more details on its tariff plans over the weekend. The 25% tariff on Canada and 10% tax on China is set to go into effect on Feb. 4, a date earlier than expected, Reuters reports.

This morning, Mexico president Claudia Sheinbaum said her country negotiated a deal to delay the tariffs for one month "after reaching a series of agreements on border security and countering drug trafficking," according to the New York Times.

The initial tariffs announcement sent the United States dollar surging and global currencies dropping. Canada and Mexico over the weekend announced their own retaliation plans, and China promised to challenge the tariffs with the World Trade Organization. Terms of the delay with Mexico are still being reported at press time.

“The uncertainty at this stage is tremendous — not only of how these eventual negotiations will play out, but worries about how this is only the tip of the iceberg and more tariffs are on the horizon,” Yung-Yu Ma, chief investment strategist for BMO Wealth Management, told the New York Times.

Experts warned hoteliers of the potential threat to business Trump’s promised tariffs would have on the industry, including higher prices on goods and construction and longer lead times, HNN’s Bryan Wroten reported in December.

A new report found climate change could be responsible for $1.47 trillion in net property value losses, with insurance costs increasing at a remarkable pace and consumer demand shifting, Axios reports.

The report, published by First Street, a climate risk financial modeling company, also identified five cities seeing the largest spikes from insurance: Miami, Jacksonville, Tampa, New Orleans and Sacramento.

More than just the rising insurance costs, the study finds that these variables are altering where people want to live. The report, which is based on peer-reviewed models, has not yet been peer reviewed itself.

“Regional desirability is being reshaped by chronic changes in climate across the country: coastal areas are increasingly threatened by sea level rise, while inland regions face intensifying heat waves, droughts, and floods,” the report states. “At the same time, the increased frequency and intensity of natural disasters has triggered unprecedented levels of property damage, prompting insurance providers to increase premiums or withdraw coverage from high-risk areas altogether.”

The traditionally segmented hotel industry might see more of what experts are calling "vertical integration" among hotel investors, HNN's Sean McCracken reports from the Industry Real Estate Financing Advisory Committee panel at the 2025 Americas Lodging Investment Summit.

"A word that you're going to hear a lot about from a lot of real estate investors is this concept of vertical integration," Lawrence Kwon, managing director of investment bank Moelis & Company, said on the panel.

He added that investors' limited partners are wanting them to do more than just invest.

"That's going to create opportunities for a lot of real estate investors to think about strategic partnerships, whether it's brands or management companies, to really think about how they can deliver a better return opportunity for their LPs," he said.

Hyatt Hotels Corp. and Playa Hotels & Resorts have extended their exclusivity agreement amid continued discussions regarding acquisition and strategic options between the two companies. According to a news release from Playa, the two entities extended the exclusivity agreement until 11:59 p.m. ET on Feb. 10.

Hyatt and Playa originally confirmed their potential acquisition discussions for Playa's brands and properties in Mexico and the Caribbean in December. Hyatt originally partnered with Playa in 2013 and has invested a total of $325 million into the owner, operator and developer over the years, HNN’s Trevor Simpson reported in December.

The sole luxury hotel in Afghanistan — located in the country’s capital of Kabul — is now under Taliban control, according to the Associated Press. On Friday, the Serena Hotel announced that it was closing its operations and that the Hotel State Owned Corp. would take over.

The Taliban is responsible for two attacks at the hotel, with the most recent occurring in 2014. In that attack, nine people were killed, including a journalist and his family. In 2008, eight people were killed in an attack, including U.S. citizen Thor David Hesla.

The Serena website no longer lists the Kabul location.

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