Jewel Palm Beach Resort in Punta Cana Sold for $68 Million
Jewel Palm Beach Punta Cana Playa Hotels & Resorts N.V. (NASDAQ: PLYA) today announced that it has entered into a binding agreement with a third party to sell the Jewel…
For July Canada Hotels Record First Occupancy Decline in Three Months
Among the major markets, Vancouver saw the highest occupancy (85.7%), down 1.4% over July 2023. After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy,…
U.S. Hotel Performance for Week Ending August 17th
The steepest RevPAR declines were seen in San Francisco (-13.8% to US$143.39) and Atlanta (-11.3% to US$69.43). - Image Credit Unsplash+ The U.S. hotel industry reported mixed comparisons year over…
HVS Canadian Lodging Outlook – 2nd Quarter 2024
HVS Canadian Lodging Outlook - 2nd Quarter 2024 Canadian Hotel demand continues to outperform 2019 levels in terms of overall occupancy and is even neck and neck with 2018 which…
State Of The Hospitality Industry August 2024
Hospitality Industry Statistics to Have on Your Radar for 2024 - Image Credit Deloitte The travel industry is experiencing a robust comeback in 2024, which is a ray of hope…
Greater Denver and Tennessee Valley
Chapter Leaders Attend Greater Denver Charter Event. - Image Credit HSMAI The Hospitality Sales and Marketing Association International (HSMAI) announced the chartering of two new chapters – Tennessee Valley and…
Global Travel and Tourism Sector Deal Activity Down by 10.4% YoY During January-July 2024
Global Travel and Tourism Sector Deal Activity Down by 10.4% YoY During January-July 2024 A total of 415 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals)…
Monterey Beach Hotel Opens Following Renovations and Rebranding
Monterey Beach Hotel Beachfront Exterior - Image Credit Ron Starr Monterey Beach Hotel Beachfront Lobby Lounge - Image Credit Ron Starr Monterey Beach Hotel, a Marriott Tribute Portfolio hotel, re-opened…
Tim Lyon Named Vice President Pricing for Southwest Airlines
Southwest Airlines Co. (NYSE: LUV) has appointed Tim Lyon to a new role as Vice President Pricing, where he is focusing additional attention on the carrier's yield and pricing discipline.…
Keith Barr, Former CEO of IHG Hotels & Resorts, Joins MGM Resorts Board Of Directors
MGM Resorts International (NYSE: MGM) today appointed Keith Barr, former CEO of IHG Hotels & Resorts (IHG), to the Company's Board of Directors. Barr becomes the 12th member of the…