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1. Accor, InterGlobe plan deals with six Indian hotel firms
Less than 48 hours after Indian hotel firm Treebo and partners Accor and InterGlobe Hotels canceled their planned merger and partnership, the country’s Competition & Markets Authority has given Accor and InterGlobe approval to make deals with six other Indian hotel companies: AAPC India Hotel Management; Accent Hotels; Caddie Hotels; Srilanand Mansions; Techpark Hotels; and Triguna Hospitality Ventures.
The principal owner of InterGlobe Enterprises is the Bhatia Group family office.
On Aug. 4, Treebo and the two partners announced they would not be going forward with their investment, which was initially announced in April 2025.
2. On back of record rooms opening, Choice upgrades full-year outlook
Choice Hotels has heralded its network systems growth during its second-quarter 2026 earnings results. The company's U.S. hotel room openings increased 27% year over year in the second quarter.
Dom Dragisich, interim CEO of Choice, said that net rooms growth is his top operating priority, CoStar News Hotels’ Trevor Simpson reports. Dragisich added Choice opened approximately 6,400 U.S. hotel rooms, the highest second-quarter mark since 2019. It also had in its latest results the fewest second-quarter room exits since 2020.
Choice upgraded its full-year outlook adjusted EBITDA; U.S. and global revenue per available room, U.S. royalty rate and global net rooms growth.
3. US hotels post full sweep of positive metrics
During the week of July 26 to Aug. 1, U.S. hotel occupancy rose 2.6% to 71.3%, average daily rate increased 4.5% to $168.82 and revenue per available room jumped 7.3% to $120.45, according to CoStar hospitality data. In terms of chain scale, every segment of the industry saw positive numbers across all three metrics, too. Luxury hotel ADR increased 7.7% to $417.51, RevPAR rose 12.9% to $300.59 and occupancy increased 4.8% to 72%.
The best-performing U.S. hotel market among the top 25 during the week was St. Louis, which posted a 15.1% occupancy increase to 75.4%, 13.5% ADR increase to $140.98 and a 30.6% RevPAR jump to $106.27. Several large conventions occurred in St. Louis in the week, including the American Council of the Blind Conference and Convention (July 24–31) and the 81st Soil & Water Conservation Society Conference (July 26–29).
4. Only 20% of Cypriot hotels licensed as deadline looms
With less than five months to go before the Jan. 1, 2027, deadline, only approximately 20% of hotels in Cyprus have completed paperwork and other requirements to meet the government’s new licensing laws, according to The Cyprus Mail. The news outlet added that only 141 of 728 hotels held an operating license.
Euripides Loizides, executive managing director of Cyprus-based Mayfair Hotels and president of the Paphos Hoteliers Association, part of the Cyprus Hotels Association, told the newspaper that “the problem requires immediate state intervention” and “warned of serious consequences for the industry.” He added procedural and institutional hurdles need to be addressed by the state, either through legislative intervention or amendments to the relevant regulations.
5. Peninsula Hotels’ parent to renovate Hong Kong and Tokyo properties
Hongkong and Shanghai Hotels will renovate two of its 11 Peninsula Hotels-branded properties to the tune of $268 million, the company announced during its half-year 2026 earnings report.
The company will revamp the 299-room Peninsula Tokyo and flagship 297-room Peninsula Hong Kong. No completion dates were announced. In its latest numbers, the firm said its profit-and-loss account moved into the black in the first six months of this year to $23 million Hong Kong dollars ($2.93 million) from a loss of HK$289 million in the same period in 2025. Its revenue for the period was HK$3.53 billion, an 8% increase from that of 2025.