Groups tips

Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.

Last fall, bearish commentators had worried that inflationary pressures would lead to rising costs and weakened demand, softening hotel group performance by now. None of that has materialized yet, as underscored by hotel group performance in the first quarter.

Brand USA is hosting its first sales mission in Japan since the country opened to travel in October. The mission this month comes as Japan — a top U.S. tourist market — has been slow to rebound to its 2019 level.

U.S. hotel companies saw China’s economic rise as an engine to drive hotel development. But China’s economic turmoil may upset their plans.

Consolidation is the enemy of competition. That’s an axiom of economic theory. And it’s a truth known to any kid who was forced to cut the price of his lemonade when the neighbor opened another lemonade stand across the street.