Hotel Investors Blackstone and Starwood Prep for Dealmaking Rush

With the Labor Day holiday now behind us, the year’s peak period for warm-weather travel has passed. Summer is winding down and, although the autumnal equinox doesn’t actually arrive until September 23, many fall fanatics cannot wait for crisper weather to roll in and the harvest season festivities to start. Some autumn enthusiasts will start amassing all things pumpkin spice, putting together the perfect Halloween costume or crafting Thanksgiving-themed decorations.

This summer has seen a surge in the highest end of luxury across the world. Some of it is about revenge travel and increased global mobility: A lot of the Middle Eastern market parked closer to home in Covid and are now shipping their Bugattis to the streets of London and other haunts in Europe. The palaces of Paris, the best hotels in Europe, and five-stars in the U.S. did brisk business at eye-watering rates.

New York City’s short-term rental regulations could slash up to 70% of Airbnb’s 23,000 active listings in the city after September 5. Experts are divided on how the move might affect hotels, and their forecasts are foggy. Yet the analyses reveal interesting details about this critical lodging market regardless.

Location is key to getting the most out of any city. Staying somewhere central, with easy walkable access to main attractions, is the surest way to experience all a city has to offer. That’s what makes the aptly-named City Centro Hotel such an ideal place for exploring Oaxaca. Strategically located within walking distance of the city’s historic center, this hotel offers convenient access to the everything that makes up the cultural heartbeat of Oaxaca.

When my daughter turned 9, I started to do the math. If she left our home at 18, her dad and I were then halfway through the summers we were guaranteed with her. Our summers with her were always jam-packed with Chicago events, summer camps, and wherever we decided to take her on vacation.

The luxury travel network Virtuoso® has revealed the winners for its 2023 Best of the Best awards announced at this year’s Virtuoso Travel Week held in Las Vegas at Bellagio Resort & Casino, ARIA Resort & Casino, and Vdara Hotel & Spa. The 35th annual gala spotlighted the network’s most esteemed travel agencies, advisors, and preferred partners.

The Portrait Milano debuts December 1 in the heart of Milan’s fashion district. The location makes sense, given that the 73-room property belongs to the Lungarno Collection — a group of Italian boutique hotels founded by the family of Italian loafer king, Salvatore Ferragamo.

When guests walk into Jams Music Hotel in Munich, Germany, they encounter a floor-to-ceiling mural of Prince and a chance to pick out albums from the hotel’s vast collection of vinyl to play on the record player in their room.

While 2022 was a post-pandemic boom year for hotel demand in much of the world, total global hotel investment volume decelerated slightly to $71.9 billion, a decline of 2 percent relative to 2021. The relative lack of outbound Chinese hotel investment, the Russian war in Ukraine, and recessionary pressures in several markets tamped down the pace of growth.

TMC Hospitality has a theory about U.S. travel. It believes that more people are traveling in groups — for reunions, team meetings, and destination weddings — than before. But it also believes that the typical hotel today isn’t aren’t equipped with the amenities addressing these travelers’ needs.

Las Vegas Sands is pursuing a multi-billion flagship casino, entertainment and hospitality development following its agreement to purchase a long-term lease over the home to the Nassau Veterans Memorial Coliseum, opened in 1972 on Long Island in New York. This would be the company’s first entertainment project in the U.S. since it sold its Las Vegas properties last year.

Good morning from Skift. It’s Wednesday, January 18. Here’s what you need to know about the business of travel today.