Earnings week: Marriott stock hits buy point vicinity
Marriott International stock approached a buy point entering earnings week as investors watched for the impact of the Omicron surge… Read More »
Report: Trump insult target A-Rod acquiring D.C. hotel
The Miami-based group that is buying leasing rights to the Trump International Hotel D.C. reportedly includes Alex Rodriguez, the retired… Read More »
Airstream hotel rooms capitalize on new wanderlust
The pandemic-driven popularity of outdoorsy accommodations has brought brisk business to an Ojai, Calif., venture deploying Airstream trailers as hotel… Read More »
Inspire Korea on track for 2023
Construction has resumed on Mohegan Gaming & Entertainment’s Inspire Korea, after financing totaling $1.55 billion was secured in November. The… Read More »
Study finds pent-up passion for upscale vacationing
High-end travelers are in high-roller mode, a new survey by Flywire Corp. indicates. Roughly three-quarters of those polled told the… Read More »
Hotel worker exodus complicates guest influx
A robust recovery is colliding with a severe labor shortage in the US hotel industry, and low wages are seen… Read More »
Hong Kong hotel group suffers data breach
Hackers may have exposed the booking information of 1.2 million guests in a cyberattack on the Harbour Plaza hotel group,… Read More »
Expedia CEO expects forecast-beating fourth quarter profit
Expedia Group Inc. CEO Peter Kern cites a forecast-beating fourth quarter profit as evidence the lodging bookings platform has emerged… Read More »
Blackstone succeeds with $6.3B Crown Resorts bid
Australia’s Crown Resorts Ltd. gave the green light to a $6.3 billion buyout offer from private equity firm Blackstone Inc…. Read More »
Hotel earnings time sweetened by rates, China growth
High room rates and expansion in China have lessened the chilling effect of Omicron on occupancy as hotel earnings season… Read More »
UK 2021 hotel investment surges past $5B mark
Hotel investment volume in the UK nearly doubled last year over 2020 and figures to continue sharply rising in 2022,… Read More »
Hyatt, Marriott expand collection in Rome
The Hyatt and Marriott have new hotels in Rome in the luxurious Ludovisi neighborhood. Marriott’s W Rome has 162 rooms… Read More »
Vail learns sometimes discounts are a bad idea
Vail Resorts learned a hard lesson this winter when it discounted its Epic Pass, which brought in more guests than… Read More »
Hotel leaders forecast city bookings upswing
Urban travel will recover to about 75% of its pre-pandemic level this year, according to the majority of hospitality CEOs… Read More »
Utah among 17 upcoming Club Med all-inclusive sites
Club Med plans to open 17 new all-inclusive resorts by 2024, including its first new US resort in more than… Read More »
Study finds lessening of coronavirus travel impact
Wariness of Omicron is waning among travelers, with fewer saying it has prompted alterations of their plans, a new survey… Read More »
$30M Texas travel push aims to leave pandemic behind
Travel Texas plans to spend $30 million on media promotion as it revives marketing efforts that were tamped down by… Read More »
Study: 2022 US travel could reach $2T mark
The World Travel & Tourism Council is forecasting that domestic tourism could hit $2 trillion this year and exceed pre-pandemic… Read More »
Hawaiian resort commits to carbon neutral
Oahu’s ‘Alohilani Resort Waikiki Beach plans to become Hawaii’s first fully carbon-neutral hotel property. The resort already has 100% renewable… Read More »
Orlando, Fla., reports uptick in spring break bookings
Visit Orlando, the Florida city’s tourism agency, reports that spring break bookings are approaching pre-pandemic levels, with hotel reservations reaching… Read More »
China drives Marriott’s Asia Pacific growth surge
Luxury and leisure properties in China and South Korea are spearheading Marriott International’s plans to open 100 hotels in the… Read More »
Outlook partly cloudy for improved hotel trading
Market confidence has risen with hotel transaction volume beating expectations, but inflation and abundance of properties for sale threaten to… Read More »
Churchill Downs to alter location for Ind. casino-hotel
Churchill Downs has selected a new location for its Queen of Terre Haute Casino on the east side of the… Read More »
Boring Co begins tunneling under Las Vegas Strip
The Boring Co. has begun construction on a tunnel beneath Las Vegas’ Strip at Resorts World. It’s the latest milestone… Read More »
Shuttered Austin, Texas, hotel to ease homelessness
The Austin, Texas, City Council has entered into a $1.36 million contract with a local nonprofit to convert a vacant… Read More »
Hawaii Four Seasons offers guests oceanic experience
Guests at Four Seasons Resort Hualalai in Hawaii can learn about ocean ecology at the hotel’s new marine education center… Read More »