Crown troubles prompt Star to drop $6.6B buyout bid
Australia’s Star Entertainment Group has withdrawn its $6.6 billion bid to buy out rival casino operator Crown Resorts, citing indications… Read More »
VICI makes deal with Great Wolf Resorts
VICI Properties may provide funding for Blackstone’s Great Wolf Lodge properties across the US as part of a new arrangement…. Read More »
Reopening guidance sought for Malaysian parks, attractions
The Malaysian Association of Theme Park & Family Attractions is urging the prime minister to allow theme parks, family entertainment… Read More »
Iconic Lexington Hotel in NYC sells for $185M
The Lexington Hotel, Autograph Collection by Marriott, a near-century-old New York City landmark, has been purchased for $185 million by… Read More »
AHLA warns of persistent revenue, labor shortfalls
A new study by the American Hotel & Lodging Association clouds the recovery picture with a projection that business travel,… Read More »
Hotel construction moratorium bill flawed, Maui mayor says
Maui Mayor Michael Victorino is vetoing the Hotel Construction Moratorium Bill that passed July 2 by the Maui County Council… Read More »
These resorts take glamping to the next level
These 10 resorts offer travelers the option of sleeping outdoors, whether it’s in a tree house or a beachfront villa…. Read More »
Hamptons prices swell from dearth of available rooms
Hoteliers in the heavily booked Hamptons are entertaining offers far in excess of normal rates from well-heeled consumers hungry for… Read More »
CEO: Vaccine issue looms for Asia but travel’s back
Global hospitality executive William Heinecke acts bullish about leisure travel’s comeback in much of the world but warns that vaccine… Read More »
Only Europe enjoys Q2 hotel construction upswing
Europe was the world’s sole region showing a year-over-year jump in hotel construction in the second quarter of this year,… Read More »
MGM Resorts proposes $9B casino resort in Osaka, Japan
MGM Resorts International has joined Japanese financial firm Orix Corp. in presenting a bid to build a $9 billion casino… Read More »
Empty Olympics seats leave hotels with empty rooms
An estimated one million hotel room cancellations could result from the exclusion of spectators from the Olympic Games in Japan,… Read More »
Spanish holiday rental bookings in August exceed pre-pandemic levels
Spanish holiday rentals for August are more heavily booked than before the COVID-19 pandemic, thanks to domestic tourism and a… Read More »
STR’s June U.S. Hotel Occupancy, Rates Continue Recovery
The U.S. hotel industry in June continued a recovery still led by leisure travel, with occupancy and revenue per available… Read More »
New law set to bring integrated resorts to Japan
The IR Implementation Act is new legislation in Japan that provides regulations surrounding integrated resort and casino operations as well… Read More »
Melia bets on Thai revival with 5-star Chiang Mai hotel
Spanish chain Melia plans to open a five-star hotel in Chiang Mai, Thailand, giving a vote of confidence to a… Read More »
Hotels at fore as CMBS servicing rate drop persists
The commercial mortgage-backed securities special servicing rate continued its downward trajectory last month, dropping by 41 basis points to 8.24%,… Read More »
Housekeeping cutbacks: Acceptance vs. aggravation
The discontinuation of daily housecleaning has become a fact of life for many hotel guests, and the reception is mixed… Read More »
Las Vegas firm faces tall odds with $450M La. resort plan
Doubts loom over a much-ballyhooed proposal to transform a Louisiana recreational area into a multi-purpose family resort at an estimated… Read More »
Choctaw casino-resort nears opening after $600M upgrade
A new 21-story tower headlines the $600 million expansion of the Choctaw Casino & Resort in Durant, Okla., near the… Read More »
Hotel chains ratchet up short-term rental push
Hospitality giants such as AccorHotels and Marriott International are escalating their battles with the likes of Vrbo and Airbnb for… Read More »
Buyers Look to Manage Traveler Expectations in New Hotel Terrain
In early July, Hilton Worldwide did away with automatic daily housekeeping at its non-luxury brands in the United States, and… Read More »