HOTEL NEWS
US Open serves end-of-summer win for New York hoteliersNew York City hoteliers end the summer on a win with increased demand from the U.S. Open.
CoStar World News for Sept. 11Resort operator acquires former Macau casino space; Avison Young UK regional president steps down; CBRE names new French regional CEO
Hotel guests expect improved dining and consistent maintenance, report showsAccording to Andrea Stokes, hospitality practice lead at J.D. Power, the newest report finds that guests are satisfied with rooms and service.
How conversions fit into the US hotel development pictureAt the Hotel Data Conference, CoStar's Michael Stathokostopoulos explained how hotel conversions factor into the overall U.S. hotel development landscape.
What's driving the widening gap between luxury, economy hotels in the USThe U.S. hotel industry continues to see bifurcation between the luxury and economy segments as higher costs of living weigh more heavily on economy hotels and lower-income guests, which are borrowing more with credit to fund their travel.
Hospitality tech expert emphasizes importance of 'data hygiene' in age of AIKurien Jacob of Highgate Technology Ventures emphasizes the importance of hotels maintaining good "data hygiene" as artificial intelligence-powered tools grow in popularity.
US travelers flock to the airport for Labor Day travelA record 10.4 million travelers were screened by the Transportation Security Administration over the Labor Day holiday weekend from Friday, Aug. 29 through Monday, Sept. 1.
Tourism Economics' Adam Sacks on downgraded US hotel forecastThere's room for optimism for the future of the U.S. hotel industry amid another forecast downgrade due to real disposable income growth and household balance sheets remaining strong, said Tourism Economics President Adam Sacks.
The factors at play when hotel owners review markets for new projectsThe many factors that hotel owners consider when looking at markets for a new build project include whether it'd be better to buy, as well as population and job growth trends.
CoStar World News for Sept. 4Austrian ski resort owner prepares to go public; UK Parliament mulls ban on upward-only rent reviews; Severe weather shifts European property strategies
Siloed no more: First Hospitality's journey to commercial strategyIn a podcast interview, First Hospitality's Jenna Fishel talks about her company's transition to a commercial strategy model and how it's navigating the current demand environment.
What travelers want from international trips, group meetings and large eventsU.S. hotel demand continues to struggle, particularly as fewer global tourists visit the U.S. and group business trends begin to plateau.
Team alignment, finding the right vendor mix should be hotel commercial strategy prioritiesHotel experts emphasized aligning sales, revenue-management and marketing teams toward unified goal, supported by shared data and a simplified vendor pool.
Featured
5 things to know
5 things to know
Podcast
Operations
Recent CoStar News Hotels podcasts highlight how hoteliers cope with soft demand
Operations
Opinions
Thoughtful tourism levies could help fund cities' infrastructure improvements
Opinions
Development
‘Miami is one of our top favorite markets’ in the world, said executive Jesse Stein
Development
Hospitality
Firm also plans bond offering to support Hotel Seville NoMad
Hospitality
5 things to know
5 things to know
Opinions
Price tag surely smashes per-key acquisition cost
Opinions
Video
Operations
SVP of Commercial Strategies Lovell Casiero says integration of companies 'takes a village'
Operations
Analytics
Change in revenue per available room has been tepid for 10 straight weeks
Analytics
Opinions
The sky still isn't falling, though
Opinions
Video
Operations
Shannon Foster shares details of the country star's latest hospitality endeavor
Operations
Brands
Accor trumps halo effect of Treasure Island deal
Brands
Ownership
Hotel last sold in October 2021 for $174 million
Ownership
Ownership
The deal is part of a larger transaction involving other real estate classes
Ownership
Revenue Management
Government layoffs account for large chunk of group travel malaise
Revenue Management
Analytics
Americas CEO Kevin Davis predicts 'a substantial pickup' in deal activity in 2026
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Saudi Arabia
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
Saudi Arabia
France
Head of LVMH pays €200 million for hotel near Monaco
France
Italy
Upcoming Venice hotel will be Langham's second in Europe
Italy
Macao
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Macao
United Kingdom
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
United Kingdom
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
Ireland
The Irish company previously rejected an offer worth €1.27 billion
Ireland
South Africa
Brands, property owners and operators must collaborate to achieve return on investment
South Africa
Spain
The resort last changed hands in 2021 in a portfolio with additional hotels
Spain
Congo
Lenders shy away from large swaths of the continent due to risk and uncertainty
Congo
Japan's Seibu Prince Hotels Worldwide is buying Ace Group International and its Ace Hotel brand and creative firm Atelier Ace for $90 million.
Mitigating risks helps cut insurance costs for hoteliers
While signs point to insurance underwriters being past the waves of large rate increases, hoteliers should still prepare for major events to avoid risk, experts say.
Revenue managers at odds with hotel owners over recovery picture
Hotel revenue strategists want to move past comparisons to 2019 performance levels, citing the changes over the past six years.
Texas hospitality company grows hotel portfolio while applying lessons to restaurant strategy
In a video interview, Jennifer Spradling of New Waterloo said the growing company prioritizes community-focused "impact hospitality."
Hotel asset managers anticipate more 'deterioration' of demand, rates
A new survey of Hospitality Asset Managers Association members show a majority are looking to make a brand or management change to spur performance.
Dalata Hotel Group shareholders approve €1.4 billion takeover by Pandox, Eiendomsspar
Dalata Hotel Group shareholders have accepted an offer from Pandox and Eiendomsspar for 100% its shares that values the Irish hotel firm at €1.4 billion.
Featured
5 things to know
5 things to know
Podcast
Operations
Recent CoStar News Hotels podcasts highlight how hoteliers cope with soft demand
Operations
Opinions
Thoughtful tourism levies could help fund cities' infrastructure improvements
Opinions
Development
‘Miami is one of our top favorite markets’ in the world, said executive Jesse Stein
Development
Hospitality
Firm also plans bond offering to support Hotel Seville NoMad
Hospitality
5 things to know
5 things to know
Opinions
Price tag surely smashes per-key acquisition cost
Opinions
Video
Operations
SVP of Commercial Strategies Lovell Casiero says integration of companies 'takes a village'
Operations
Analytics
Change in revenue per available room has been tepid for 10 straight weeks
Analytics
Opinions
The sky still isn't falling, though
Opinions
Video
Operations
Shannon Foster shares details of the country star's latest hospitality endeavor
Operations
Brands
Accor trumps halo effect of Treasure Island deal
Brands
Ownership
Hotel last sold in October 2021 for $174 million
Ownership
Ownership
The deal is part of a larger transaction involving other real estate classes
Ownership
Revenue Management
Government layoffs account for large chunk of group travel malaise
Revenue Management
Analytics
Americas CEO Kevin Davis predicts 'a substantial pickup' in deal activity in 2026
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Saudi Arabia
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
Saudi Arabia
France
Head of LVMH pays €200 million for hotel near Monaco
France
Italy
Upcoming Venice hotel will be Langham's second in Europe
Italy
Macao
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Macao
United Kingdom
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
United Kingdom
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
Ireland
The Irish company previously rejected an offer worth €1.27 billion
Ireland
South Africa
Brands, property owners and operators must collaborate to achieve return on investment
South Africa
Spain
The resort last changed hands in 2021 in a portfolio with additional hotels
Spain
Congo
Lenders shy away from large swaths of the continent due to risk and uncertainty
Congo
Categories
