HOTEL NEWS
Alibad Capital to manage new fund in Saudi Arabia, develop two Marriott hotels in MedinaDespite fears that some Saudi Arabian Vision 2030 projects might get stalled due to the ongoing U.S.-Iran war, development continues, with one of the latest initiatives to be announced being a $393 million, two-hotel plan in Medina, Islam’s second holiest city.
World Cup and holiday travel fuel broad-based US hotel growthMore than one-third of U.S. hotel markets recorded double-digit RevPAR growth during the week of June 28 to July 4 as holiday travel and major events drove widespread performance gains.
How Rockbridge plans to grow its hospitality platform beyond hotelsThe Columbus, Ohio-based investment firm has been active in the independent, luxury-lifestyle segment.
Difficult development environment leads to drop in California hotel openingsWith the state pressuring cities to increase the availability of housing, investors see multifamily projects as a better route for returns.
Experts break down how hotel tech can stay ahead of guest desiresAccording to a panel of hotel technologists, the companies that tap into AI-powered personalization will win.
Europe heatwave had limited impact on hotel performanceParis saw high occupancy despite record temperatures.
Rate continues to define World Cup-driven hotel performance in knockout stagePhiladelphia and New York City are two of the standout markets to watch.
Red, white and demand boom: Hoteliers anticipate travel surge for Fourth of July weekendHotels in the Boston, Philadelphia and Washington, D.C., markets are seeing year-over-year occupancy and rate increases.
Americans refuse to cut back on travel despite uncertain macroeconomic factorsAran Ryan, director at Tourism Economics, expects turbulence in the industry to settle and tailwinds to continue momentum.
No matter the downturn, hotels and travel always bounce back, Peregrine CEO saysThe company's leadership team sees opportunities to grow this year with a more robust pipeline.
US hotel performance strengthens beyond World Cup businessThe hosts of "Tell Me More: A Hospitality Data Podcast" debate how leisure travel will play out this season.
Hoteliers maximize value of properties through strategic repositioningsFood-and-beverage and spa outlets are common targets for revenue growth through renovations.
Feelings and experiences make for a true luxury hotel stay, Marriott exec saysAny hotel project can take years from start to finish, and that's especially the case for high-end hotels, so conversions play an important role in growing Marriott International's portfolio.
How the Kimpton Hotel Wilshire brings extra life to Pride monthGeneral Manager Justin Henry said all four Los Angeles-area Kimptons had a heavy presence during the city's Pride parade.
AI will democratize distribution, shift focus back to guest experience, hoteliers sayHotel brand companies are expected to adapt as the technology evolves.
Featured
5 things to know
5 things to know
Analytics
Tournament host markets outperform broader US hotel industry
Analytics
Finance
Seller Tifco has been reducing its hotel portfolio
Finance
Brands
Data from JD Power finds brands are keeping up with expectations
Brands
Hospitality
Luxury hospitality brand's luxury condominium slated for 2028 completion
Hospitality
Ownership
JW Marriott Marco Island and pending Caesars Entertainment sales among highest-priced
Ownership
5 things to know
5 things to know
Headlines for July 16
Hospitality
Chicago-based Singerman Real Estate acquires Fremont Marriott for $53 million
Hospitality
Opinions
How the Space City scored its own tournament points
Opinions
People
New general managers in New York and California
People
Technology
How new technology is affecting hotels
Technology
Brands
Quest Capital and operator Selecto both founded in June
Brands
Higher rates, excess supply begin to fade
Opinions
Demand has diversified; hotel underwriting in the region needs to catch up
Opinions
Operations
Muted supply helps offset increased costs, taxes
Operations
Ownership
How to pivot to a profit-focused strategy
Ownership
Ownership
How to pivot to a profit-focused strategy
Ownership
Podcast
Technology
Cybersecurity training needs to adapt as threats quickly evolve
Technology
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Saudi Arabia
Project has total investment of $393 million, includes 295 branded residential units
Saudi Arabia
Vietnam
By hotel count, Vietnam is Accor’s third-largest market in Asia
Vietnam
Russia
High borrowing costs and construction delays stymie growth of hospitality sector
Russia
Australia
Deal is one of the largest single freehold hotel transactions in Australian history
Australia
Sweden
New debt capacity allows for expansion, including taking over Dalata operations
Sweden
Spain
Grape Hospitality continues management of three Spanish properties involved in deal
Spain
Podcast
Japan
Japan remains favored international investment destination in region
Japan
India
Investors drawn to rising middle classes’ propensity for trips, experiences
India
United Arab Emirates
It's the first prominent hotel deal in UAE since the latest war in Iran began
United Arab Emirates
Egypt
Country bridging Middle East and Africa battles with perception as unstable market
Egypt
Cuba
Scrutiny on military-linked hotel ownership puts pressure on international hotel brands
Cuba
Podcast
Saudi Arabia
Project flexibility, government initiatives crucial to overcome global supply disruption
Saudi Arabia
United States
Tourist demand for Europe remains strong but is shifting
United States
Local reporting on the tourism impact of the sporting event shows variance in performance from city to city.
Malaysia's tourism boom creates uneven hotel market fortunes
Kuala Lumpur and Penang stand out among Malaysia's hospitality markets amid the Asia-Pacific country's recent tourism surge.
Exclusive
Investor Bohopo seeks to build out network of boutique hotels across Europe
Cyprus-based hotel firm Bohopo specializes in 20- to 50-room hotels across Europe that don't appeal to larger public-equity firms.
London has space for hotel development but no room for error, investors say
Hoteliers and investors in London are looking for ways to innovate their hotels in any segment as a new generation of ultra-luxury grows in the city.
New Hyatt hotel anchors restoration of London's famed Olympia
One of London’s preeminent conference and entertainment spaces, Olympia, was looking tired and not fit for purpose, but a £1.3 billion makeover is creating a new leisure and hotels market.
What the higher-for-longer interest rate era means for hotels
Peachtree Group Managing Principal and CEO Greg Friedman joins the "CoStar News Hotels Podcast" to explain the current financing environment for hospitality properties.
Featured
5 things to know
5 things to know
Analytics
Tournament host markets outperform broader US hotel industry
Analytics
Finance
Seller Tifco has been reducing its hotel portfolio
Finance
Brands
Data from JD Power finds brands are keeping up with expectations
Brands
Hospitality
Luxury hospitality brand's luxury condominium slated for 2028 completion
Hospitality
Ownership
JW Marriott Marco Island and pending Caesars Entertainment sales among highest-priced
Ownership
5 things to know
5 things to know
Headlines for July 16
Hospitality
Chicago-based Singerman Real Estate acquires Fremont Marriott for $53 million
Hospitality
Opinions
How the Space City scored its own tournament points
Opinions
People
New general managers in New York and California
People
Technology
How new technology is affecting hotels
Technology
Brands
Quest Capital and operator Selecto both founded in June
Brands
Higher rates, excess supply begin to fade
Opinions
Demand has diversified; hotel underwriting in the region needs to catch up
Opinions
Operations
Muted supply helps offset increased costs, taxes
Operations
Ownership
How to pivot to a profit-focused strategy
Ownership
Ownership
How to pivot to a profit-focused strategy
Ownership
Podcast
Technology
Cybersecurity training needs to adapt as threats quickly evolve
Technology
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Saudi Arabia
Project has total investment of $393 million, includes 295 branded residential units
Saudi Arabia
Vietnam
By hotel count, Vietnam is Accor’s third-largest market in Asia
Vietnam
Russia
High borrowing costs and construction delays stymie growth of hospitality sector
Russia
Australia
Deal is one of the largest single freehold hotel transactions in Australian history
Australia
Sweden
New debt capacity allows for expansion, including taking over Dalata operations
Sweden
Spain
Grape Hospitality continues management of three Spanish properties involved in deal
Spain
Podcast
Japan
Japan remains favored international investment destination in region
Japan
India
Investors drawn to rising middle classes’ propensity for trips, experiences
India
United Arab Emirates
It's the first prominent hotel deal in UAE since the latest war in Iran began
United Arab Emirates
Egypt
Country bridging Middle East and Africa battles with perception as unstable market
Egypt
Cuba
Scrutiny on military-linked hotel ownership puts pressure on international hotel brands
Cuba
Podcast
Saudi Arabia
Project flexibility, government initiatives crucial to overcome global supply disruption
Saudi Arabia
United States
Tourist demand for Europe remains strong but is shifting
United States
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