DiamondRock CEO anticipates US economic anxiety will settleDiamondRock Hospitality Company CEO Jeff Donnelly said the U.S. macroeconomic turbulence is already calming down, yet executives from the real estate investment trust have had to pivot to secure hotel goods from overseas that faced possible tariffs.
Whitbread's total revenue declines as UK hotel demand slowsU.K.-based Whitbread, owner-operator of the Premier Inn hotel brand, noticed some softening demand in its home market while its second largest hotel market Germany is trending upwards.
Earnings
MGM Resorts CEO expects a record April for Las Vegas propertiesDemand is setting up MGM Resorts International's Las Vegas properties for a record April, and its partnership with Marriott International's loyalty program has resulted in 440,000 room nights so far this year.
CoStar World News for May 1Wyndham expands Super 8 hotel brand in Spain, Portugal; UK scraps valuation agency; French property investment on track for 2025 gain
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According to a recent report, 60% of French hotels earned extra hotel-ranking stars without improving services under a “minimalist” national rating system.
Major global hotel brands aren't shying away from expansion plans in Latin America and the Caribbean. Instead, they're shoring up their local financing partnerships and betting on long-term fundamentals.
Major global hotel brands aren't shying away from expansion plans in Latin America and the Caribbean. Instead, they're shoring up their local financing partnerships and betting on long-term fundamentals.
During their respective earnings calls, hotel real estate investment trust executives spoke about generally improving hotel performance at properties located in urban markets during the first quarter.
During their respective earnings calls, hotel real estate investment trust executives spoke about generally improving hotel performance at properties located in urban markets during the first quarter.
Choice Hotels International decreased its full-year outlook slightly, but executives speaking during its first-quarter earnings call said the company's versatile guest mix has it well-positioned to continue strong performance through any economic uncertainty.
Choice Hotels International decreased its full-year outlook slightly, but executives speaking during its first-quarter earnings call said the company's versatile guest mix has it well-positioned to continue strong performance through any economic uncertainty.
IHG Hotels & Resorts is confident it has the tools to weather any macroeconomic wobble, and executives said the recent reduction in political noise is encouraging business and tempering concerns regarding its full-year outlook.
IHG Hotels & Resorts is confident it has the tools to weather any macroeconomic wobble, and executives said the recent reduction in political noise is encouraging business and tempering concerns regarding its full-year outlook.