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5 things to know for May 29

Today's headlines: A look at the iconic hotels along Route 66; New York, New Jersey probe FIFA World Cup ticket prices; Hotel Equities CALA exec talks about growth of third-party operations in region; US inflation jumped to 3.8% in April; US first-quarter gross domestic product revised down
Route 66 is celebrating its centennial in 2025. The nearly 2,500-mile long highway is lined with iconic hotels and motels that have catered to travelers over the last several decades, including the Blue Swallow Motel in Tucumcari, New Mexico. (Getty Images)
Route 66 is celebrating its centennial in 2025. The nearly 2,500-mile long highway is lined with iconic hotels and motels that have catered to travelers over the last several decades, including the Blue Swallow Motel in Tucumcari, New Mexico. (Getty Images)
CoStar News
May 29, 2026 | 2:39 P.M.

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1. A look at the iconic hotels along Route 66

In recognition of Route 66's 100-year anniversary, Condé Nast Traveler compiled a list of some of the iconic hotels and motels that line the nearly 2,500-mile highway that made traveling cross country easier by car.

"It’s a living postcard of neon motel signs, dusty diners, desert horizons and a special essence of Americana, ever-suspended in technicolor," according to the article.

Among the properties included is the Boots Court in Carthage, Missouri; the Blue Swallow Motel in Tucamari, New Mexico; and the Americana Motor Hotel in Flagstaff, Arizona.

2. New York, New Jersey probe FIFA World Cup ticket prices

The attorneys general of New York and New Jersey have started a probe into how FIFA is pricing tickets for the upcoming World Cup matches, NPR reports. The high prices seen for World Cup tickets is the result of using dynamic pricing for the first time.

"Being honest about ticket sales is not complicated," New Jersey Attorney General Jennifer Davenport said in a statement. "But FIFA has turned buying a ticket to the World Cup into a gauntlet of confusion, fake scarcity, and impossibly high prices — all at the expense of consumers and hardworking New Jerseyans," Davenport said in her statement.

FIFA President Gianni Infantino has repeatedly defended the high prices, arguing they are adapting to the market. In early May, ESPN reported him pointing to the ticket resale market in the U.S., saying that even at their high prices, people are still putting them up for sale at even higher prices.

3. Hotel Equities CALA exec talks about growth of third-party operations in region

Third-party management is a growing and maturing part of the hotel industry in the Caribbean and Latin America, said Juan Corvinos, president of Hotel Equities CALA, in an interview with CoStar News Hotels. To differentiate itself among other competitors, the company is taking a deliberate approach to new management agreements and mixing its corporate discipline with local expertise in its operations.

“I think that that's the piece of what was missing,” he said. “The people that we hired have worked in corporate America, so they understand how to translate the need for flexibility in Caribbean and Latin America for both the corporation and the owner's interests. So, that was the big difference, and to me it was part of the natural evolution of the industry in this market.”

4. US inflation jumped to 3.8% in April

The U.S. Department of Commerce reported that inflation increased 3.8% year over year in April, up from 3.5% in March, according to the Associated Press. On a month-to-month basis, inflation increased by 0.4%, down from the 0.7% increase seen from February to March.

"Thursday’s inflation report also showed that in addition to gasoline, prices for groceries, clothing and electricity are also on the rise, indicating that inflation may be growing more entrenched," the AP reports. "Inflation is notably above the Federal Reserve’s target of 2%, which means Fed policymakers may decide to forego any cuts to their key short-term interest rate this year."

5. US first-quarter gross domestic product revised down

The U.S. Department of Commerce revised down its first-quarter gross domestic product measurement from a 2% estimate to 1.6%, the Wall Street Journal reports. Along with a lower investment for inventory investment, consumer spending on services such as healthcare was revised lower as well.

The Wall Street Journal also reported that the revision showed that worker compensation grew by 0.8% from the fourth quarter of 2025 to the first quarter of 2026. Domestic corporate profits increased by 2.7%. That means that labor's share of gross domestic income fell to 51%, its lowest level since 1947 when the government began tracking this measure. Profit's share grew to 12%, its highest since 1950.

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