Vienna-based developer JP Hospitality has launched a new brand in Pan Am Hotel with a development focus on airport hotels both in Europe and internationally.
PHOENIX — The U.S. has reached a point where “it’s really difficult to disentangle the politics from the economics,” and the results aren’t positive for the hotel industry, said Bernard Baumohl, chief global economist for The Economic Outlook Group.
Hotel performance trends across Western U.S. markets look markedly different in 2025 compared to 2024, with some markets rebounding on the strength of events and convention calendars, while others lose steam after strong results a year ago.
MANCHESTER, England — It is typical during different hotel industry cycles for performance and the outlook for transactions to be described as bearish or bullish.
At Nighthawk Brewery & Pizza near the Pentagon outside Washington, D.C., event bookings are getting canceled. In downtown Chicago, business has dropped off at the Watch Depot jewelry store near three federal office buildings. And in Los Angeles, a struggling mall next door to a major government building downtown isn’t attracting passersby.
Dubai’s Kerzner International has announced a partnership with Miami’s 13th Floor Investments and Forse Holdings to build the first Siro-branded hotel and residences in the United States.
Commercial mortgage-backed securities loans for hotels have shown a steady delinquency rate even amid fluctuating industry performance. Revenue per available room has declined for two consecutive quarters as occupancy has declined for seven months and room rates have grown below 2% since February.
Hotel real estate investment trust Braemar Hotels & Resorts has announced its latest hotel sale, confirming its reached a definitive agreement to sell The Clancy in San Francisco.
Extendam is heading for the 15th arrondissement of Paris. The management company has signed a contract for the building and goodwill of the Vice Versa hotel at 213 rue de la Croix Nivert, near Paris Expo Porte de Versailles. In Extendam's words, "an asset with strong potential for revaluation".
PHOENIX — This year hasn't quite gone the way hoteliers expected, with performance coming short of expectations and the transaction market remaining relatively quiet as a couple of examples. With 2026 right around the corner, executives at The Lodging Conference hope that next year will bring better results as the industry wades through choppy waters.
In 2024, the average occupancy of branded hotels in Almaty, the largest city in Kazakhstan, and Tashkent, the capital and largest city in neighboring Uzbekistan, set new records as governments efforts to expand the inflow of foreign tourists are starting to pay off.
There’s no doubt that today’s hotel leaders have to be technophiles, embracing the ever-changing world of the business ecosystem and somehow managing to get all their API- connected tech to work in unison.
