For the week of March 15-19, Hotel News Now’s most-read stories include hoteliers from all-inclusive resorts hopeful for a demand recovery and analysts' reaction to Blackstone and Starwood Capital's deal to acquire Extended Stay America.
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All-inclusive resort brands and operators expect more guests will want to stay at their properties as COVID-19 vaccinations continue and travel feels safe again, bringing more awareness of these resorts' offerings.
Hotel development, openings and investments in Japan are tied significantly to the Tokyo Olympics, which have been delayed by the pandemic, but there continues to be long-term confidence in the country's hotel industry.
Blackstone Real Estate Partners and Starwood Capital Group have extensive experience in the economy extended-stay segment, which makes the acquisition of Extended Stay America a "good fit" for all parties involved.