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1. U.K.’s Strathmore Hotels enters administration
East Kilbride, Scotland-based Strathmore Hotels, a family office that owns eight hotels all in the United Kingdom, has entered administration, according to the Administration List, which added the business would continue operating while the appointed administrators “review the options.” The firm’s 410 employees will also remain in place for the time being.
Founded in 1991, the firm has six hotels in Scotland and two in northern England. Hotels in Scotland include the 119-room Ben Nevis Hotel & Leisure Club in Fort William and 84-room Salutation Hotel in Perth, claimed to be the oldest in the country dating to 1699. Its hotels in England include the 124-room Cumbria Grand Hotel in the Lake District town of Grange Over Sands.
2. Sri Lankan hotels bounce back after decades of turmoil
Sri Lanka’s hotel and tourism industries, following decades of travel advisories, civil unrest and economic hardships, have “gradually rebuilt [the country’s] position in the global travel market, supported by its continued travel appeal and the return of international demand,” according to CoStar News Hotels’ contributors Karan Mahesh and Harith Anith Kumar.
The pair said that the push has been business from corporate and meetings, incentives, conventions and expositions market, which has seen a return due to capital and “Colombo’s emergence as a regional meetings, incentives, conferences and events destination … particularly after the opening of Cinnamon Life at City of Dreams in August 2025.”
They added that leisure demand, especially from India, has benefitted from a “combination of lower hotel rates and lower overall trip costs (that) helped drive market-share gains and supported growth in high-value segments such as destination weddings, MICE and premium leisure travel.”
3. EU business bankruptcy up almost 6% in year-on-year terms
Business bankruptcies in the European Union have increased in year-on-year terms by 5.7% in the first quarter of 2026, according to Eurostat, the EU’s official statistician and news service. Accommodation and food services, which includes hotels, saw a decrease in bankruptcies in the same period of 2.6%.
Eurostat added in the same period new business registrations in the 27-country bloc increased by only 0.5%, although accommodation and food services saw a 2.6% decrease in registrations.
4. Hyatt to enter Guyana in $50 million development
Hyatt Hotels Corp. will debut in Guyana, bringing its Hyatt Regency brand to the South American country in a $50 million development of the Atlantic Suites Hotel. A hotel tower will be added to the existing property and boost the room count from 80 to 240.
The Hyatt Regency Georgetown, in Guyana’s capital, is due to open in 2028. RJR Investments & Holdings is the owner of the property, and it also owns the adjacent Pegasus Hotel and Pegasus Corporate Business Center. Hyatt plans on later adding a second hotel to the city and country, the 136-room Hyatt Place Georgetown Guyana, owned by SIR Investment Guyana.
5. Jet fuel price increases, airline route decreases dent Asian high-end travel
Asia-Pacific’s high-end tourism sector is experiencing declines due to a notable increase in jet fuel costs and airlines pulling back on routes and flights, according to Travel Daily Media, which said “carriers across the region have slashed seat capacities, with South Asia reducing by up to 9.9% and Southeast Asia by 8.3%.”
The media outlet said that increased prices have hindered airlines’ capability to hedge fuel pricing, which has in turn affected route planning.
"On the ground, human capital remains a key vulnerability, as the global travel industry continues to face a projected deficit of 43 million workers. Left unimpeded, this trend threatens high-end tourism models that depend entirely on exceptional service," the media outlet reports.