Las Vegas’ Bellagio gets $950M investment from Realty Income

The real estate investment trust company acquires a nearly 22% interest from Blackstone in the hotel and resort located on the Strip.

By Jenna Walters • Aug. 25, 2023

Wynn posts Q2 profit bolstered by Vegas luxury consumers

Citywide programming will continue to be a boost to Wynn Las Vegas in the second half of 2023, CEO Craig Billings said in the company’s second-quarter earnings call.

By Noelle Mateer • Aug. 10, 2023

IHG to launch midscale brand

CEO Elie Maalouf announced the plans during the company’s first-half earnings call, which noted a 24% year-on-year RevPAR increase.

By Noelle Mateer • Aug. 8, 2023

Choice Hotels posts record Q2 fueled by Radisson Americas integration, openings pipeline

The company raised its outlook for full-year 2023 adjusted EBITDA, pointing to strong openings activity across all segments.

By Noelle Mateer • Aug. 8, 2023

MGM reports stability in Las Vegas in Q2, anticipates H2 growth

Upcoming entertainment and sporting events are expected to drive performance in the second half of 2023 and beyond.

By Jenna Walters • Aug. 3, 2023

Caesars anticipates strong performance in Las Vegas from Formula 1, Super Bowl

On the heels of second-quarter growth, the company forecasted in a Q2 earnings call increased occupancy rates and revenues in the coming half and beyond.

By Jenna Walters • Aug. 2, 2023

Marriott raises rooms growth and earnings guidance for 2023

Strong global travel trends bolstered the company’s RevPAR and portfolio growth in the second quarter.

By Jenna Walters • Aug. 1, 2023

Certares closes $284M hospitality-focused real estate fund

The firm continues to seek investment opportunities in growth markets with a combination of leisure and corporate demand.

By Noelle Mateer • July 28, 2023

Wyndham reports declined US RevPAR, development growth in Q2

Changing traveler behavior resulted in a 1% decline in the company’s U.S. RevPAR, but its development pipeline saw the 12th consecutive quarter of growth.

By Jenna Walters • July 27, 2023

Noble Investment Group acquires extended stay portfolio in Southeast

The firm acquired 10 WoodSpring Suites hotels, joining other investors and developers claiming stake in the extended stay space.

By Jenna Walters • July 19, 2023

Vincent Zahn named EVP and CFO of Hard Rock International and Seminole Gaming

The former Wynn Resorts exec has more than a decade’s worth of experience at public gaming entertainment companies.

By Noelle Mateer • July 7, 2023

Marriott Vacations Worldwide names CIO

Raman Bukkapatnam will oversee the global vacation ownership company’s technology strategy, modernization and transformation.

By Noelle Mateer • July 6, 2023

JW Marriott resort in San Antonio to sell for $800M

Ryman Hospitality Properties will acquire the 640-acre property, a destination for large group meetings, from Blackstone Real Estate Income Trust as group business travel trends upward.

By Jenna Walters • June 9, 2023

Highgate names Mike Uwe Dickersbach chief digital officer

The industry veteran rejoins the hotel management company in the newly created role.

By Jenna Walters • May 31, 2023

Experts weigh in on rumored Choice acquisition of Wyndham: “I think it’s a long shot”

Choice Hotels has a strong case for wanting to acquire Wyndham, hospitality experts say. But it would face major hurdles if the deal proceeds.

By Noelle Mateer • May 25, 2023

Outrigger Hospitality Group to acquire Hawaii resort

The acquisition would add the 11-acre Kā‘anapali Beach Hotel and an 18-room bed and breakfast, both on Maui, to the hospitality brand’s global portfolio.

By Jenna Walters • May 25, 2023

Marriott seeks improved efficiency, higher revenue amid tech overhaul

The hotel chain is re-platforming systems, investing in tech infrastructure and enhancing its mobile app as it boosts its yearly technology spending by around $150 million.

By Lindsey Wilkinson • May 23, 2023

JLL announces sale of 75% stake in Mandarin Oriental New York

Mumbai-based Reliance Industries now owns a majority stake in the 244-room hotel.

By Noelle Mateer • May 22, 2023

IHG appoints Jolyon Bulley Americas CEO

Bulley will replace outgoing IHG Americas CEO Elie Maalouf, who is currently Group CEO designate following Keith Barr’s departure.

By Noelle Mateer • May 17, 2023

Airbnb emphasizes affordability over hotels in Q1 earnings report

“Hopefully, our rates do not increase as fast as hotels over the next couple of years,” Airbnb co-founder and CEO Brian Chesky said in an earnings call with analysts.

By Michele Laufik • May 11, 2023

Bally’s proposes IPO to give Chicago residents 25% stake in $1.7B casino and resort project

The ownership interests would be restricted to select Chicago residents, a nearly unprecedented structure in the U.S., one expert says.

By Jenna Walters • May 10, 2023

Choice Hotels credits remote work for record first-quarter earnings

A rise in leisure travel demand and extended weekend stays contributed to the brand’s first-quarter revenue, which was up 29% over the same period last year.

By Michele Laufik • May 10, 2023

REIT earnings show strong group and business travel demand

Real estate investment trusts such as Summit Hotels and Host Hotels credit growth in the group business segment for strong first-quarter results.

By Michele Laufik • May 9, 2023

Expedia Group lodging bookings hit record $21.1B

The company attributed increased hotel bookings in the first quarter of 2023 to an acceleration of travel to big cities.

By Jenna Walters • May 8, 2023

Hyatt posts fourth consecutive ‘record’ quarter

In the first quarter of 2023, the hotel brand generated a record $231 million in total management, franchise, license and other fees due to increasing travel demand.

By Jenna Walters • May 5, 2023