Travel center operator Love’s to sell its hotels by early 2025

The company determined this summer that it would offload the 19 properties by Q1 of next year to focus more on its convenience stores, restaurants and truck care solutions, a spokesperson said.

By Brett Dworski • Nov. 19, 2024

Mandarin Oriental taps Tiffany Cooper as Americas development head

The former Aimbridge and Kimpton Hotels development leader will drive Mandarin Oriental’s portfolio growth across North America, focusing on the U.S.

By Jenna Walters • Nov. 18, 2024

Marriott lays off workers amid larger organizational restructuring

Marriott cut 833 employees, which online forum users say “decimated” select departments, amid a companywide process to enhance efficiency.

By Jenna Walters • Updated Nov. 18, 2024

Viceroy rebrand focuses on storytelling through experiences

The luxury hospitality brand is revamping its experiential offerings and growing its portfolio to new destinations.

By Jenna Walters • Nov. 14, 2024

Design Hotels grows US presence with portfolio expansion

The Marriott subsidiary signed 29 independent hotel agreements globally over the last 12 months, in markets including New York City and Nashville.

By Jenna Walters • Nov. 13, 2024

US hotels saw ‘weaker than expected’ Q3 amid slow inbound travel recovery

RevPAR was down in the third quarter, due in part to soft leisure travel and a slow return of international visitors, according to CBRE.

By Jenna Walters • Nov. 12, 2024

Budget-friendly hotels hardest hit as RevPAR growth slows in Q3: JLL

Declines in domestic leisure travel and shrinking consumer savings are causing stagnating RevPAR growth in the U.S., affecting hotel chain scales differently.

By Noelle Mateer • Nov. 8, 2024

Top travel, development trends that drove hotel companies’ Q3 results

In the third quarter of 2024, companies posted RevPAR increases driven by group business and pipeline growth bolstered by demand for conversions.

By Jenna Walters • Nov. 6, 2024

PM Hotel Group, Sightline Hospitality merge

The strategic merger adds 22 open or soon-to-open properties to PM’s portfolio and deepens the company’s lifestyle and experiential travel offerings.

By Noelle Mateer • Nov. 6, 2024

Hotel CEOs predict impact of election cycle on Q4 financials

During recent earnings calls, leaders from Marriott, Hilton, Hyatt, Choice Hotels and Wyndham shared how this year's “not typical” Harris vs. Trump election season could impact Q4 revenues.

By Jenna Walters • Nov. 6, 2024

Wynn’s Las Vegas operating revenues down, despite ‘healthy’ luxury demand

Demand from high-end consumers in Las Vegas drove solid non-gaming performance in the third quarter, which had “very tough year-over-year comps,” per CEO Craig Billings.

By Jenna Walters • Nov. 5, 2024

Business, group travel boost Marriott’s US RevPAR growth

CEO Anthony Capuano said big corporate spenders are back and the appetite for group meetings is “really encouraging.”

By Noelle Mateer • Nov. 4, 2024

Choice Hotels pipeline reaches record high in Q3

The company’s system size also grew year over year in the quarter, driven by conversions and upscale openings for its Radisson Americas portfolio.

By Jenna Walters • Nov. 4, 2024

Top hospitality industry takeaways from 2024’s Lodging Conference

At the annual event in Phoenix, hotel industry leaders shared the opportunities and challenges facing the sector and forecasted what will drive hospitality growth in 2025.

By Jenna Walters • Oct. 31, 2024

Hyatt’s asset dispositions drive growth in Q3

The company also added 22 lifestyle hotels through its acquisition of Standard International, a deal that aligns with Hyatt’s asset-light strategy.

By Jenna Walters • Oct. 31, 2024

AHLA names Rosanna Maietta president and CEO

The public affairs and communications executive, who takes over for Interim President and CEO Kevin Carey, previously helmed the AHLA Foundation.

By Noelle Mateer • Oct. 31, 2024

Sports tourism big opportunity for Las Vegas growth: MGM CEO

In the third quarter of 2024, MGM Resorts saw a revenue boost and record ADRs in the Vegas market, which Bill Hornbuckle calls a “major player in the sporting world.”

By Jenna Walters • Oct. 31, 2024

Despite Q3 declines, Caesars optimistic about Las Vegas group business

The operator also expects its recently opened $435 million New Orleans resort to drive results for its regional segment, according to CEO Tom Reeg.

By Jenna Walters • Oct. 30, 2024

W South Beach sells for $400M

Reuben Brothers’ acquisition of the Miami property from sellers Tricap and RFR comes amid heightened investor appetite for luxury hotels in urban markets.

By Jenna Walters • Oct. 29, 2024

‘Victory’ or ‘disappointment’? Hospitality industry reacts to Safe Hotels Act passage

Some hospitality professionals believe the NYC licensing bill will benefit the city’s hotels, while others say it will cause “irreparable harm” to workers’ livelihoods and the local economy.

By Jenna Walters • Updated Nov. 5, 2024

Pipeline generation a high point for Wyndham in Q3 2024

In the U.S., the hotel company awarded 10% more franchise contracts in the third quarter compared to the prior-year period, with extended stay demand leading the way.

By Jenna Walters • Oct. 24, 2024

Labor disputes contribute to Hilton’s slower-than-expected RevPAR growth in Q3

The company also opened a record 531 hotels in the quarter, most of which were conversions.

By Noelle Mateer • Oct. 23, 2024

What’s the future of extended stay? Choice Hotels leader weighs in

As Choice opens its 500th extended stay property, VP Matt McElhare shares what markets and segments are poised for future growth and how leveraging technology will set brands apart.

By Jenna Walters • Oct. 23, 2024

US hotel market sees stability, normalization: IHG CFO

IHG Hotels & Resorts, which posted overall RevPAR and system growth in Q3, said its properties in the Southeastern U.S. stand to benefit from post-hurricane demand.

By Noelle Mateer • Oct. 22, 2024

Marriott to convert MGM’s Delano Las Vegas under W Hotels

The conversion is part of a long-term strategic licensing partnership between the companies and furthers Marriott’s push in luxury.

By Jenna Walters • Oct. 22, 2024