Wyndham reports declined US RevPAR, development growth in Q2

Changing traveler behavior resulted in a 1% decline in the company’s U.S. RevPAR, but its development pipeline saw the 12th consecutive quarter of growth.

By Jenna Graber • July 27, 2023

Noble Investment Group acquires extended stay portfolio in Southeast

The firm acquired 10 WoodSpring Suites hotels, joining other investors and developers claiming stake in the extended stay space.

By Jenna Graber • July 19, 2023

Vincent Zahn named EVP and CFO of Hard Rock International and Seminole Gaming

The former Wynn Resorts exec has more than a decade’s worth of experience at public gaming entertainment companies.

By Noelle Mateer • July 7, 2023

Marriott Vacations Worldwide names CIO

Raman Bukkapatnam will oversee the global vacation ownership company’s technology strategy, modernization and transformation.

By Noelle Mateer • July 6, 2023

JW Marriott resort in San Antonio to sell for $800M

Ryman Hospitality Properties will acquire the 640-acre property, a destination for large group meetings, from Blackstone Real Estate Income Trust as group business travel trends upward.

By Jenna Graber • June 9, 2023

Highgate names Mike Uwe Dickersbach chief digital officer

The industry veteran rejoins the hotel management company in the newly created role.

By Jenna Graber • May 31, 2023

Experts weigh in on rumored Choice acquisition of Wyndham: “I think it’s a long shot”

Choice Hotels has a strong case for wanting to acquire Wyndham, hospitality experts say. But it would face major hurdles if the deal proceeds.

By Noelle Mateer • May 25, 2023

Outrigger Hospitality Group to acquire Hawaii resort

The acquisition would add the 11-acre Kā‘anapali Beach Hotel and an 18-room bed and breakfast, both on Maui, to the hospitality brand’s global portfolio.

By Jenna Graber • May 25, 2023

Marriott seeks improved efficiency, higher revenue amid tech overhaul

The hotel chain is re-platforming systems, investing in tech infrastructure and enhancing its mobile app as it boosts its yearly technology spending by around $150 million.

By Lindsey Wilkinson • May 23, 2023

JLL announces sale of 75% stake in Mandarin Oriental New York

Mumbai-based Reliance Industries now owns a majority stake in the 244-room hotel.

By Noelle Mateer • May 22, 2023

IHG appoints Jolyon Bulley Americas CEO

Bulley will replace outgoing IHG Americas CEO Elie Maalouf, who is currently Group CEO designate following Keith Barr’s departure.

By Noelle Mateer • May 17, 2023

Airbnb emphasizes affordability over hotels in Q1 earnings report

“Hopefully, our rates do not increase as fast as hotels over the next couple of years,” Airbnb co-founder and CEO Brian Chesky said in an earnings call with analysts.

By Michele Laufik • May 11, 2023

Bally’s proposes IPO to give Chicago residents 25% stake in $1.7B casino and resort project

The ownership interests would be restricted to select Chicago residents, a nearly unprecedented structure in the U.S., one expert says.

By Jenna Graber • May 10, 2023

Choice Hotels credits remote work for record first-quarter earnings

A rise in leisure travel demand and extended weekend stays contributed to the brand’s first-quarter revenue, which was up 29% over the same period last year.

By Michele Laufik • May 10, 2023

REIT earnings show strong group and business travel demand

Real estate investment trusts such as Summit Hotels and Host Hotels credit growth in the group business segment for strong first-quarter results.

By Michele Laufik • May 9, 2023

Expedia Group lodging bookings hit record $21.1B

The company attributed increased hotel bookings in the first quarter of 2023 to an acceleration of travel to big cities.

By Jenna Graber • May 8, 2023

Hyatt posts fourth consecutive ‘record’ quarter

In the first quarter of 2023, the hotel brand generated a record $231 million in total management, franchise, license and other fees due to increasing travel demand.

By Jenna Graber • May 5, 2023

Marriott builds on Q1 portfolio growth, forays into midscale segment

The hotel brand acquired the City Express portfolio at the start of the second quarter after seeing rising demand for the midscale segment earlier this year.

By Jenna Graber • May 3, 2023

MGM Resorts posts record Q1 growth in Las Vegas

The hospitality company’s Las Vegas Strip resorts saw all-time high EBITDAR for the quarter thanks to an influx of events in the area.

By Michele Laufik • May 3, 2023

Hyatt to acquire luxury hotel platform Mr & Mrs Smith

The $66 million deal will expand Hyatt’s position in the luxury market and open up distribution and loyalty opportunities.

By Michele Laufik • April 28, 2023

Pebblebrook Hotel Trust Q1 earnings show rise in urban hotel occupancy

The real estate investment trust saw an uptick in travelers staying at hotels in San Francisco and Washington, D.C., two markets seeing improved business transient demand.

By Jenna Graber • April 28, 2023

Hilton, Wyndham Q1 earnings show strong leisure travel demand

Despite some economic uncertainty, both hotel brands point to healthy leisure travel demand and spending among consumers.

By Michele Laufik • April 28, 2023

Google ad revenue slides again as platform’s dominance is challenged

Search saw a slight uptick in revenue thanks to healthy demand from the travel and retail verticals.

By Peter Adams • April 27, 2023

OYO sees 48% jump in U.S. Q4 revenue from direct platform bookings

The hospitality company attributed the growth to operational efficiencies, performance management and a better incentive structure.

By Michele Laufik • April 27, 2023

Highgate names Matt Greene EVP of luxury residences

The hospitality management company has also appointed Elizabeth Redmond to chief accounting officer.

By Jill Menze • April 18, 2023