Hotel development tips

Marriott International‘s executives reported strong revenue growth in the third quarter on Thursday. They forecasted a steady pace of revenue expansion that would return it to its historical 10-year average after the pandemic disruption.

The Dallas area has topped national rankings for hotel development for more than a year as the Texas capital enjoys a hotel building boom.

Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.

Hilton reported results on Wednesday that suggested a boom in U.S. hotel bookings after the pandemic has begun to run its course while surging reservations at Hilton’s international hotels appear to be compensating.

Langham Hospitality Group is a global luxury hotel company with 25 luxury hotels and 7 other hotels. Some context:

All-inclusive resorts have had a downmarket reputation, but many hotel groups have been working to change that with announcements of upscale versions. This trend is driven by demand from a segment of travelers responding to rising inflation by seeking no-surprise vacations at one upfront price.

JLL Hotels & Hospitality released a report – “An investor’s guide to lifestyle hotels” — highlighting how this sector is enjoying a buzzy moment.

Marriott last Wednesday gave a multi-hour, 144-slide presentation to investment analysts, providing insights into strategy at the world’s largest hotelier. Executives outlined their financial model through 2025.

Saudi Arabia’s tourism and hospitality sector is in high gear to achieve industry targets set under Vision 2030, industry leaders said during a panel at FHS on Tuesday. “No sector matches tourism in creating jobs, especially in rural areas and communities that are currently suffering from unemployment. One in every five jobs globally today is supported by tourism, so that’s tourism is such an important sector,” Badr Alherbish, chief strategy officer of Saudi Arabia’s Tourism Development Fund, said in one of the sessions of the three-day Future Hospitality Summit in Abu Dhabi.

Artificial intelligence will soon recommend personalized services to hotel guests based on their previous stays and preferences thanks to its emerging hyper-personalization features, revealed the CEO of a US-based AI insights company.

Saudi Arabia, UAE and Egypt are the driving forces behind the Middle East’s $1.9tn hospitality and residential project development boom.

Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.

If you haven’t heard much about Como Hotels and Resorts, I expect you will soon. The luxury brand is making distinctive moves worth noting.

Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.

The next generation of Saudi Arabian hotels is coming, marked by the opening of the Kingdom’s multi-billion-dollar giga-projects. Marriott is showing what is possible at these spare-no-expense properties: Asking for the highest room rates in the country.

EasyHotel has always been the success story of tomorrow. That’s been true since EasyJet founder Stelios Haji-Ioannou invented the budget hotel chain in 2004.

Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.

Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.

From today’s Daily Lodging Report newsletter: Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, India, and other countries for the first time as part of its plans to open 25 new luxury hotels in the Asia Pacific region over the next few years. That’s up from the 33 luxury hotels it currently runs in the Asia Pacific.

Can hotels exert more influence in policy-making? Where will future development growth come from? Is generative AI relevant to the hotel sector? These and other subjects will be top of mind for us as we interview top bosses at Hilton, Hyatt, Accor, and other hotel leaders on-stage at the Skift Global Forum in New York on September 26-28.

Here are the top stories from Daily Lodging Report in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.