HOTEL NEWS
Global Report
CoStar World News for April 3Tourism buoys prospects for European hotel investment; Fighter jet program signs UK city's biggest office lease in 10 years; French agency looks to sell housing units
How Essex plans to double its hotel management portfolio in the next 5 yearsNew York-based hotel operator Essex Hotel Management is executing on an ambitious growth strategy.
Global Report
CoStar World News for March 27Tourism boosts Poland’s hotel investment; UK property industry eyes opportunities in government spending plans; French housing developer sees 2027 reboundWhile Wall Street hesitates, Main Street hotel investors make dealsOwner-operator hotel companies are seizing opportunities to build and buy hotels, sometimes taking a contrarian approach.
Hotels anchor Phuket’s move to global luxury and lifestyle destinationPhuket has long been a popular vacation spot, but the Thai beach location is steadily morphing into a world-class destination attracting luxury brands and offerings. Further infrastructure projects will only fuel its rise.
As European hotel deals environment recovers, valuations rely more on locationGrowing travel demand continues to buoy European hotels, but tariffs, cost pressures and inflation might dampen things a little.
Wall Street investors not quite ready to return to US hotel dealsWhile high costs and general uncertainty are keeping private equity investors such as Blackstone and Brookfield out of outsize U.S. hotel investing for now, executives are confident that still-strong and resilient hotel operating performance will kick-start major transactions soon.
US tariff policies force hoteliers to put procurement contingencies in placeHotel industry experts say the current tariff landscape is difficult, but not impossible to navigate, and hoteliers should budget for price increases in furniture, fixtures and equipment as well as food and beverage.
Electrical substation fire causes London Heathrow closure, cancellation of 1,350 flightsLondon Heathrow, one of the world’s busiest airports, shut down following a fire at a neighboring electrical substation. More than 1,300 flights were canceled Friday, but more cancellations could happen over the coming days.
HNN Video
Economy stands center stage for hospitality industry with conflicting outlooksHotel News Now recaps the second day of the Hunter Hotel Investment Conference with highlights, quotables, takeaways and more.HNN Video
Hotel executives preach patience as industry braces for volatilityHotel News Now recaps the first day of the Hunter Hotel Investment Conference with highlights, quotables, takeaways and more.As more companies go public, India's hotel industry is maturing quicklyIndia's domestic hotel firms are tapping the maturity, funds and greater investment pool to redeem debt and strategize growth, all of which signals a move toward transparency, professionalism and scale.
Podcast
Women in hospitality share their leadership experiences in the industryCrown Hospitality Consulting's Amanda Chivers and ABD Creative's Amy Draheim joined the Next Gen in Lodging podcast to discuss leading in the hospitality industry.RREAF Holdings, Phillip McNeill Sr. launch extended stay-focused joint ventureRREAF Holdings has formed MxR Hospitality, a joint venture with hotelier Phillip McNeill Sr., to focus on the ownership and management of extended-stay hotels.
Hoteliers enjoy the benefits of Miami Beach's calmer spring breakHotel executives said the city of Miami Beach's efforts to calm the spring break crowd have been working, giving people consistent rules and expectations, and a calmer crowd is drawing in more families and corporate demand.
Kuwait’s Action and Malta’s Corinthia acquire two hotels in Beverly HillsTwo hotels in Beverly Hills, the Maison and the Mosaic, have been acquired by a new partnership comprising Kuwait’s Action Real Estate and Malta’s Corinthia Hotels. The deal sees Action entering the U.S. for the first time, Corinthia for the second.
More events, meetings spur hoteliers' confidence in group demand recoveryMajor U.S. markets are driving the growth in group demand for hotels across multiple segments of the hotel industry.
Trinity Investments, Axonic Capital take ownership of Hilton Atlanta in foreclosure auctionTrinity Investments and Axonic Capital are taking over ownership of the Hilton Atlanta after a foreclosure auction, taking the property with a bid of about $191 million.
Major convention center renovations to bring changes to Austin hoteliers amid SXSW and beyondThe Austin Convention Center is set to begin a multi-year renovation project that is expected to double its rentable space, and hotels will have both challenges and opportunities amid the construction period.
Featured
5 things to know
5 things to know
Opinions
Don't ignore back-of-house operations
Opinions
Brands
Excess of brands, tough labor market drive rocky relations
Brands
Ownership
Stabilization trend disrupted by Los Angeles fires, East Coast storms
Ownership
Finance
Proceeds will go toward paying down senior notes debt
Finance
Design & Construction
Design & Construction
Hotel MoLo in Des Moines won't be replica of original Howard Johnson's Motor Lodge
5 things to know
5 things to know
Opinions
A broader scope includes more potential guests to attract
Opinions
Ownership
Investment opportunities exist even in recessionary conditions, speakers say
Ownership
Technology
Owners, operators look to brands to lead AI 'mindset shift'
Technology
Analytics
Legendary rock bands announce single shows in Edinburgh and Birmingham
Analytics
Analytics
Conferences, college sports tournaments drive standout performances in some US hotel markets
Analytics
Exclusive
Exclusive
Development
Dalian Wanda Group moves to fully exit building
Development
Hospitality
Therme Group US expects to open 10 resorts across the country in the coming years
Hospitality
Finance
Opening of 233-room Sable was delayed by COVID-19
Finance
Analytics
Hospitality analysts raise concerns of 'bumpy' 2025 that could cause consumers to reduce travel spend
Analytics
Analytics
Hotel industry experts say uncertainty could translate to consumer pullback
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Podcast
Podcast
Vietnam
Inbound demand to the Philippines lags behind other countries in the Southeast Asia region
Vietnam
Canada
Additional direct flights from inside and outside of Canada will help, owners and officials say
Canada
Thailand
Private jet terminals, superyacht marinas and high-end residences attract wealthy travelers
Thailand
United Kingdom
Global trade war could drive more demand to European hotels
United Kingdom
Portugal
Portugal’s Martinhal family office seeks to future-proof legacy around people, ideas and citizenship
Four upscale hotels complement branded residences and an international school
Portugal
India
Stock-market moves pay off debt, attract more investment and promote network growth
India
Poland
War in neighboring Ukraine, tourism tax in Krakow continue to pose threats
Poland
India
Hotel brand Taj in operation since 1903
India
France
ALL grew by 11 million members in 2024
France
Spain
Spanish hotel firm sets carbon neutrality goal for 2050
Spain
Monaco
186-room hotel facing the port of Cap d'Ail sells for first time in 17 years
Monaco
Cape Verde
Increase in airlift, investments help archipelago expand beyond tour operators, all inclusive
Cape Verde
Italy
Former Hotel Majestic Rome to be converted to Baccarat Hotel Rome
Italy
Hotel News Now recaps the second day of the International Hospitality Investment Forum EMEA with highlights, quotables, takeaways and more.
The US economic indicators that signal Americans haven't stopped spending on travel
Analysts from Truist Advisory Services and Tourism Economics pointed to wage growth, low unemployment and sustained consumer spending as signs of the U.S. economy's health and likelihood Americans will continue to travel in 2025.
HNN Video
Geopolitical uncertainty leads European hotel industry to rethink travel expectations
Hotel News Now recaps the first day of the International Hospitality Investment Forum EMEA with highlights, quotables, takeaways and more.
HNN Video
Wyndham CEO Geoff Ballotti shares why he's bullish on economy, midscale segments
Lower-end hotels are "a very resilient piece of our country's hotel industry," the executive said.
Mayflower Hotel's century-long run builds on its history, connection with guests
The Mayflower Hotel, Autograph Collection, is celebrating 100 years in Washington, D.C., with galas and historic touches.
US hoteliers have mixed expectations for summer demand
U.S. hoteliers say summer demand is pacing similar to 2024 for now, but there are some concerns over shorter booking windows as well as uncertainty regarding international inbound and government travel.
Featured
5 things to know
5 things to know
Opinions
Don't ignore back-of-house operations
Opinions
Brands
Excess of brands, tough labor market drive rocky relations
Brands
Ownership
Stabilization trend disrupted by Los Angeles fires, East Coast storms
Ownership
Finance
Proceeds will go toward paying down senior notes debt
Finance
Design & Construction
Design & Construction
Hotel MoLo in Des Moines won't be replica of original Howard Johnson's Motor Lodge
5 things to know
5 things to know
Opinions
A broader scope includes more potential guests to attract
Opinions
Ownership
Investment opportunities exist even in recessionary conditions, speakers say
Ownership
Technology
Owners, operators look to brands to lead AI 'mindset shift'
Technology
Analytics
Legendary rock bands announce single shows in Edinburgh and Birmingham
Analytics
Analytics
Conferences, college sports tournaments drive standout performances in some US hotel markets
Analytics
Exclusive
Exclusive
Development
Dalian Wanda Group moves to fully exit building
Development
Hospitality
Therme Group US expects to open 10 resorts across the country in the coming years
Hospitality
Finance
Opening of 233-room Sable was delayed by COVID-19
Finance
Analytics
Hospitality analysts raise concerns of 'bumpy' 2025 that could cause consumers to reduce travel spend
Analytics
Analytics
Hotel industry experts say uncertainty could translate to consumer pullback
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Podcast
Podcast
Vietnam
Inbound demand to the Philippines lags behind other countries in the Southeast Asia region
Vietnam
Canada
Additional direct flights from inside and outside of Canada will help, owners and officials say
Canada
Thailand
Private jet terminals, superyacht marinas and high-end residences attract wealthy travelers
Thailand
United Kingdom
Global trade war could drive more demand to European hotels
United Kingdom
Portugal
Portugal’s Martinhal family office seeks to future-proof legacy around people, ideas and citizenship
Four upscale hotels complement branded residences and an international school
Portugal
India
Stock-market moves pay off debt, attract more investment and promote network growth
India
Poland
War in neighboring Ukraine, tourism tax in Krakow continue to pose threats
Poland
India
Hotel brand Taj in operation since 1903
India
France
ALL grew by 11 million members in 2024
France
Spain
Spanish hotel firm sets carbon neutrality goal for 2050
Spain
Monaco
186-room hotel facing the port of Cap d'Ail sells for first time in 17 years
Monaco
Cape Verde
Increase in airlift, investments help archipelago expand beyond tour operators, all inclusive
Cape Verde
Italy
Former Hotel Majestic Rome to be converted to Baccarat Hotel Rome
Italy
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