Q3 performance trends were weaker than expected. ADR continued to lag inflation at 0.6% and occupancy declined 0.8%, resulting in a 0.2% decline in RevPAR. Business centric chain scales and location types outperformed, while leisure and resort locations underperformed.
Appeared first on: hotelnewsresource.com
Riding the Wave: Key Takeaways from Caribbean Hotel Investment Conference And Operations Summit 2024
The 2024 edition of the Caribbean Hotel Investment Conference & Operations Summit (CHICOS) brought over 300 attendees to the Wyndham Grand Barbados Sam Lord’s Castle All Inclusive Resort for several days of networking and industry insights from key stakeholders in the region. This article provides the major takeaways from this year’s conference. Appeared first on: hotelnewsresource.com … [Read More...]
1,000+ Room Hyatt Regency O’Hare Chicago Hotel Sold
MCR, America's third&largest hotel owner&operator, has recently purchased the Hyatt Regency O'Hare Chicago, marking its first Hyatt Regency&branded hotel acquisition. Appeared first on: hotelnewsresource.com … [Read More...]
Hilton's Asia Pacific Expansion Surpasses Expectations with 1,000 Hotels
The company now operates 1,000 hotels in the region, a notable increase from the 761 at the end of last year. This achievement arrives ahead of their goal to reach this milestone by 2025. Appeared first on: hotelnewsresource.com … [Read More...]
Hampton Inn Boston & Logan Airport and the Hilton Garden Inn Tysons Corner Sold for $96 Million
Summit Hotel Properties, Inc. has announced its plan to acquire two hotels, the Hampton Inn Boston & Logan Airport and the Hilton Garden Inn Tysons Corner, for $96 million, or $241,000 per key. Appeared first on: hotelnewsresource.com … [Read More...]
Hilton Debuts in Paraguay with Opening of Palmaroga Hotel Asuncion
Hilton has announced the opening of its first hotel in Paraguay, Palmaroga Hotel Asuncion, Tapestry Collection by Hilton. Appeared first on: hotelnewsresource.com … [Read More...]