Editor's Note: Some linked articles may be behind subscription paywalls.
1. Core US inflation numbers at highest pace in five months
U.S. inflation was up 2.7% year over year in July, the same pace as June. Core prices, which excludes food and energy categories, increased 3.1% in the month, though, the metric is at the highest level in five months, the Associated Press reports.
"The figures suggest that slowing cost growth for rents and cheaper gas are offsetting some of the impact of President Donald Trump’s sweeping tariffs. Tuesday’s figures likely reflect the 10% universal tariff Trump imposed in April, as well as higher duties on countries such as China and Canada," the news outlet reports.
2. US, China extend trade truce for three months
U.S. President Donald Trump signed an executive order to extend the trade truce between the United States and China for another three months, the New York Times reports. In May, the two countries agreed on a 90-day truce that was set to expire Tuesday.
The truce extension will run until Nov. 10 and gives the countries more time to work out a deal. Trump said on Monday that there has been progress in negotiations with China.
“They’ve been dealing quite nicely — the relationship is very good with President Xi and myself,” Trump said at the White House.
3. Solutions for hoteliers amid downgraded forecast
The U.S. hotel industry is, by and large, performing under expectations so far this year, highlighted by another downgrade to CoStar and Tourism Economics' 2025 and 2026 U.S. hotel forecasts. But there are still some methods that hoteliers can try to improve their own performance, such as understanding the context behind the data and keeping up with successful trends.
"The United States is not a monolith, and not all hotels are going to perform the same. It's why we have comp sets," said Kelsey Fenerty, manager of analytics at STR, during the "Final Take" session at the Hotel Data Conference. "That's why, no matter what the headlines, no matter what the news articles are saying, no matter what we say even, you have to run this all through the lens of your own property or portfolio."
4. Indian Hotels Company to acquire majority share of two hotel firms
Indian Hotels Company Limited, the parent company of Taj Hotels Resorts and Palaces, will acquire 51% of the operations of ANK Hotels and Pride Hospitality from The Clarks Hotels & Resorts for 2.04 billion Indian rupees, CoStar News' Terence Baker reports.
Puneet Chhatwal, IHCL's managing director and CEO, said in a news release that this underlines the momentum of India's hotel sector.
The deals are "reflective of the country's growing economic prominence and rising discretionary spends. The outlook for the sector remains buoyant as demand outpaces supply, and India continues to be an underserved hospitality market especially in the midmarket segment," he said.
5. Spirit Airlines' future on the brink
Spirit Airlines may not survive moving forward if the company doesn't raise more cash, the airline said in a quarterly report on Monday, CNBC reports. Five months ago, the budget-travel airline emerged from bankruptcy.
Spirit cited adverse market conditions and weak demand for domestic leisure travel as reasons for a subpar second quarter. It will turn its attention to selling aircraft, real estate or airport gates in an effort to keep the company alive.
“Because of the uncertainty of successfully completing the initiatives to comply with the minimum liquidity covenants and of the outcome of discussions with company stakeholders, management has concluded there is substantial doubt as to the company’s ability to continue as a going concern within 12 months from the date these financial statements are issued,” the report said.