UNWTO says half project travel rebounding by 2024
The United Nations World Tourism Organization has released its latest analysis if global travel, confirming what everyone knows — the… Read More »
Defiance launches travel business ETF
Defiance ETFs launched an exchange-traded fund that invests in companies in the travel and leisure businesses. The Defiance Hotel, Airline,… Read More »
Plaza suite where JFK slept sells at loss for under $20M
A four-bedroom suite at New York City’s Plaza Hotel, once a stopover for President John F. Kennedy, has sold for… Read More »
Valor adds 17 IHG-branded UK hotels in joint venture
Atlanta-based management firm Valor Hospitality Partners is doubling its UK portfolio by acquiring 17 regional IHG Hotels & Resorts-branded hotels…. Read More »
Gaming & Leisure closes on $480M Ind. casino-hotel deal
Gaming & Leisure Properties and Bally’s Corp. have closed on their $480 million purchase of Tropicana Evansville from Caesars Entertainment…. Read More »
CWT Adds AI Recommendations to RoomIt
CWT has added a recommendation engine powered by AI to its RoomIt hotel platform. Intelligent Display, which can be integrated… Read More »
Upscale hotel planned for 1923 Maine structure
A building in downtown Portland, Maine, will reach its 100th anniversary as the site of a new luxury hotel with… Read More »
Funds seek distressed opportunities in CMBS market
Axonic Capital and Metamorphosis Hotel Capital Partners are searching for discounted property investment opportunities amid the commercial mortgage-backed securities market,… Read More »
Summer staffing in short supply for US hoteliers
Invitation cards handed out to strangers and $500 payments for referrals are among measures hotels throughout the US are taking… Read More »
Gaming REITs offer attractive path to investing in Las Vegas
Gaming REITs such as VICI Properties and MGM Growth Properties are appealing vehicles for investors seeking to tap into opportunity… Read More »
Las Vegas resorts to offer streamlined booking process
Resorts World Las Vegas and the Sahara Las Vegas are two of the first venues to utilize a unified booking… Read More »
Lawsuit against IHG adds plaintiffs; more predicted
Connecticut and Texas franchisees have joined a class action lawsuit filed by a Louisiana hotelier against the world’s largest hotel… Read More »