HOTEL NEWS
CoStar World News for Aug. 21South Korean hotel firm acquires distressed resort; UK government considers new tax on homes; French investor buys outlet centers from Blackstone
CoStar World News for Aug. 14Government investment boosts Egypt’s hotel business; Foreign investors take bigger share of UK real estate deals; French retail property sales gain momentum
Hotel revenue managers have held strong on pricing, says industry expertThe hotel industry at large seems to learned its lesson on weathering demand shocks, said Sage Hospitality Group's Priya Chandnani.
Amid slowing demand environment, hotel revenue managers seek creative ways to drive profitabilityHotel revenue managers anticipate tough comps for the rest of 2025 and are fine-tuning their strategies to drive profitability.
The factors behind the latest US hotel forecast and where hoteliers go from hereSTR's Kelsey Fenerty provides context to the downgraded hotel forecast numbers for 2025 and 2026, and offers potential solutions for hoteliers.
Business-facing platform, international growth lift Expedia in challenging second quarterExpedia Group, which raised its outlook for gross bookings and revenue for the full year, credited its business-to-business units and international growth for driving its success.
Forecasters expect US hotel performance will get worse before it gets betterAt the 17th annual Hotel Data Conference, industry experts shared the latest reports on how the travel industry is responding to macroeconomic factors.
Renovations cause drag on RLJ Lodging portfolio performanceRLJ Lodging Trust CEO Leslie Hale spoke about how REIT executives expect the fourth quarter to deliver improved performance due to better year-over-year comparisons and the completion of renovation projects.
Hoteliers prepare to take on a bumpy futureCoStar News Hotels recaps the second day of the 2025 Hotel Data Conference.
US hoteliers brace for performance declines as demand drop persistsDuring the first day of the 2025 Hotel Data Conference, industry analysts presented a more muted U.S. hotel forecast amid a demand plateau as business travel hasn't returned to peak levels.
Hyatt CEO says hotel company has hit 'inflection point' and is poised to quickly scaleThe sale of 15 recently acquired resorts signifies the Chicago-based hotel company's asset-light transformation, said Hyatt President and CEO Mark Hoplamazian.
Apple REIT execs encouraged by improving consumer sentimentThough Apple Hospitality REIT has lowered its performance expectations for 2025, executives during the company's second-quarter earnings call spoke about positive signs for the industry.
Sports-anchored San Diego project looks to score business from nearby Gaylord mega resortDevelopers are aiming to bring a tennis training facility, water polo academy and stadium to a site near the Chula Vista waterfront.
Featured
5 things to know
5 things to know
Headlines for Aug. 21
Podcast
People
Ramel Lee discusses his fundraising strategy on Next Gen in Lodging podcast
People
Operations
Properties can use guest data to personalize offerings
Operations
Sale
NewcrestImage plans to invest $4 million into renovations to start this year
Sale
Operations
Experts advise embracing AI, investing in 'top of funnel'
Operations
Opinions
There's a reason why conversions are trending, but you have to take the right approach
Opinions
5 things to know
5 things to know
Analytics
Bifurcation continues as upper-tier hotels including luxury segment outperform rest of industry
Analytics
Podcast
Revenue Management
Economic, political uncertainty add chaos to forecasting, Pyramid Global Hospitality exec says
Revenue Management
Ownership
Buying back stock may appeal to investors but there are other factors to consider
Ownership
Independents
Two new hotels feature uniquely designed escapes for tourists, locals
Independents
Development
Some major operators struggle with weather, consumer spending pullbacks
Development
Earnings
Brands
Signs point to a tough third quarter but a brighter end to year
Brands
Sales & Marketing
AI marks shift in how guests find information
Sales & Marketing
Ownership
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
Ownership
Analytics
Analyst says pre-pandemic highs might be out of reach for US hotel industry
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
Greece
Performance varies market by market in Mediterranean country
Greece
Ireland
The Irish company previously rejected an offer worth €1.27 billion
Ireland
South Africa
Brands, property owners and operators must collaborate to achieve return on investment
South Africa
Spain
The resort last changed hands in 2021 in a portfolio with additional hotels
Spain
Congo
Lenders shy away from large swaths of the continent due to risk and uncertainty
Congo
Japan
Ishin has 17 urban hotels in its portfolio
Japan
South Africa
Operator prioritizes alignment with African hotel owners as it expands to Namibia, Nigeria and Senegal
South Africa
Hungary
Ownership consortium headed by Hungarian prime minister’s son-in-law
Hungary
Singapore
Raffles Sentosa Singapore’s focus on melding heritage, design and sustainability
Singapore
In a panel discussion at the 2025 Hotel Data Conference, experts talk about the factors that go into designing a hotel, such as how guests use the different spaces.
How hoteliers can capitalize on the demand generated by major events
Major events, such as concerts and sports, can drive a wave of hotel demand just about anywhere. A panel of experts looked back on the lessons learned from Taylor Swift's Eras Tour, past Super Bowls and more to help prepare for the 2026 FIFA World Cup.
AI, growth of the middle class drive global travel industry expansion
In a recent episode of the CoStar News Hotels podcast, Olaf Belgraver from Booking.com discussed recent consumer travel trends as the global industry continues to grow.
How the hotel industry can nurture the next generation of revenue managers
Hoteliers view mentorship as a key for growth among young revenue managers.
EVT enters third-party hotel management with Pro-invest Hotels acquisition
Pro-invest Hotels operates approximately 3,200 rooms. This deal marks EVT's debut into white-label hotel management.
MCR Hotels to buy Soho House, take private in $2.7 billion deal
MCR Hotels plans to acquire remaining shares in Soho House, which has 46 hotels, and take the company private in a deal that values the company at $2.7 billion.
Featured
5 things to know
5 things to know
Headlines for Aug. 21
Podcast
People
Ramel Lee discusses his fundraising strategy on Next Gen in Lodging podcast
People
Operations
Properties can use guest data to personalize offerings
Operations
Sale
NewcrestImage plans to invest $4 million into renovations to start this year
Sale
Operations
Experts advise embracing AI, investing in 'top of funnel'
Operations
Opinions
There's a reason why conversions are trending, but you have to take the right approach
Opinions
5 things to know
5 things to know
Analytics
Bifurcation continues as upper-tier hotels including luxury segment outperform rest of industry
Analytics
Podcast
Revenue Management
Economic, political uncertainty add chaos to forecasting, Pyramid Global Hospitality exec says
Revenue Management
Ownership
Buying back stock may appeal to investors but there are other factors to consider
Ownership
Independents
Two new hotels feature uniquely designed escapes for tourists, locals
Independents
Development
Some major operators struggle with weather, consumer spending pullbacks
Development
Earnings
Brands
Signs point to a tough third quarter but a brighter end to year
Brands
Sales & Marketing
AI marks shift in how guests find information
Sales & Marketing
Ownership
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
Ownership
Analytics
Analyst says pre-pandemic highs might be out of reach for US hotel industry
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
Greece
Performance varies market by market in Mediterranean country
Greece
Ireland
The Irish company previously rejected an offer worth €1.27 billion
Ireland
South Africa
Brands, property owners and operators must collaborate to achieve return on investment
South Africa
Spain
The resort last changed hands in 2021 in a portfolio with additional hotels
Spain
Congo
Lenders shy away from large swaths of the continent due to risk and uncertainty
Congo
Japan
Ishin has 17 urban hotels in its portfolio
Japan
South Africa
Operator prioritizes alignment with African hotel owners as it expands to Namibia, Nigeria and Senegal
South Africa
Hungary
Ownership consortium headed by Hungarian prime minister’s son-in-law
Hungary
Singapore
Raffles Sentosa Singapore’s focus on melding heritage, design and sustainability
Singapore
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