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Hotel news in North America

Potential of Domestic Tourism to help drive economic recovery

Potential of Domestic Tourism to help drive economic recovery

🕔Sep 18, 2020

As restrictions on travel begin to ease globally, destinations around the world are focusing on growing domestic tourism, with many offering incentives to encourage people to explore their own countries.

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61,450 Manhattan hotel rooms remain closed - 58 per cent of Room Inventory

61,450 Manhattan hotel rooms remain closed - 58 per cent of Room Inventory

🕔Sep 18, 2020

The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures remained the new normal.

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Preferred Hotels & Resorts welcomes 13 new hotels

Preferred Hotels & Resorts welcomes 13 new hotels

🕔Sep 18, 2020

Preferred Hotels & Resorts has announced 13 new member hotels from May 1 through August 31, 2020. These recent additions mark 39 new member hotels to join the its global portfolio in the first 8 months of the year

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United States to lose 155 B from missing international tourists and visitors

United States to lose 155 B from missing international tourists and visitors

🕔Sep 11, 2020

A devastating $155 billion looks set to be lost from the U.S. economy due to the collapse of international travel during 2020

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Sonesta announces 103 additional hotels

Sonesta announces 103 additional hotels

🕔Aug 28, 2020

Sonesta International Hotels Corporation is rocketing towards the largest expansion in the history with the addition of 103 properties to its global portfolio of hotels and destinations.

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IAC Invests $1 Billion for 12% Stake in MGM Resorts International

IAC Invests $1 Billion for 12% Stake in MGM Resorts International

🕔Aug 13, 2020

IAC has announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International for an aggregate of approximately $1 billion.

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Marriott Q2 2020 results dramatically impacted by the COVID-19

Marriott Q2 2020 results dramatically impacted by the COVID-19

🕔Aug 13, 2020

Marriott International has reported second quarter 2020 results, which were dramatically impacted by the COVID-19 global pandemic and efforts to contain it (COVID-19).

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Ascend Hotel Collection welcomes new hotels

Ascend Hotel Collection welcomes new hotels

🕔Aug 13, 2020

Ascend Hotel Collection opened the doors to seven hotels in the first half of this year and added 10 to its pipeline. Amidst the current COVID-19 pandemic environment, the upscale brand is continuing to attract increased interest from independent hotel owners and travelers.

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Canadian hotel construction pipeline continues to expand

Canadian hotel construction pipeline continues to expand

🕔Aug 6, 2020

According to analysts at Lodging Econometrics (LE), the Canadian hotel construction pipeline continued to expand at the close of Q2 2020 with 296 projects / 39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY).

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Impact of COVID-19 on global tourism is being clarified

Impact of COVID-19 on global tourism is being clarified

🕔Jul 29, 2020

The enormous toll of COVID-19 on international tourism has now become clear, with World Tourism Organization (UNWTO) data showing the cost up to May was already three times that of the 2009 Global Economic Crisis.

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Accor intensifies the development of its lifestyle brands

Accor intensifies the development of its lifestyle brands

🕔Jul 2, 2020

Accor is stepping up its ambition in the lifestyle sector with TRIBE, a rapidly expanding midscale brand, which is exceeding initial expectations and planning to open more than 50 hotels globally.

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HTNG and HSMAI Partner to Advance Hospitality Marketing Through Technology

HTNG and HSMAI Partner to Advance Hospitality Marketing Through Technology

🕔Jun 23, 2020

Hospitality Technology Next Generation (HTNG), in partnership with the Hospitality Sales and Marketing Association International (HSMAI), launches a joint initiative to better align marketing and technology disciplines in hospitality organizations.

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Superhost Relief Fund Provided Grants to 8,700 Homes and Experience Hosts

Superhost Relief Fund Provided Grants to 8,700 Homes and Experience Hosts

🕔Jun 23, 2020

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Travel spending in U.S. to plunge 45% this year

Travel spending in U.S. to plunge 45% this year

🕔Jun 18, 2020

Total travel spending in the U.S. is predicted to drop 45% by the end of this year, spurring renewed calls for federal measures to support the industry that was one of the top U.S. employers and exporters prior to the pandemic.

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HVMG Awarded Management of Four Upscale Hotels

HVMG Awarded Management of Four Upscale Hotels

🕔Jun 9, 2020

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has assumed management of a four-hotel portfolio of upper-upscale and upscale independent and Hilton-branded hotels located in Fla., Okla., and Texas.

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Royal Caribbean Announces Proposed Offerings Of Senior Guaranteed Notes And Senior Convertible Notes

Royal Caribbean Announces Proposed Offerings Of Senior Guaranteed Notes And Senior Convertible Notes

🕔Jun 4, 2020

Royal Caribbean Cruises has announced that it has commenced a private offering of senior guaranteed notes to be issued by the company due 2023 for an aggregate principal amount of up to $1.0 billion and a concurrent private offering of senior convertible notes to be issued by the Company due 2023 for an aggregate principal amount of up to $1.0 billion.

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Charlestowne Hotels Inks 10 Hotel Deal with The Thrash Group

Charlestowne Hotels Inks 10 Hotel Deal with The Thrash Group

🕔Jun 3, 2020

Charlestowne Hotels, providing full-service hospitality management, has announced a formal agreement with The Thrash Group, a national hospitality development company, to oversee their entire portfolio of hotels. Under this new agreement, Charlestowne will add ten properties to its portfolio.

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Artic acquires Viceroy hotel in Miami

Artic acquires Viceroy hotel in Miami

🕔Jun 9, 2016

Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company in Qatar has acquired the Viceroy Miami luxury boutique hotel and will now convert the property into a W hotel to be renamed W Miami.

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Ashford Trust announces planned sale of 5-hotel portfolio

Ashford Trust announces planned sale of 5-hotel portfolio

🕔Jun 8, 2016

Ashford Hospitality Trust, a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale hotels, has recently announced that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for US$142 million in cash (US$102,000 per key) to Noble Investment Group.

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Provenance Hotels Partners Fund I acquires hotel in New Orleans

Provenance Hotels Partners Fund I acquires hotel in New Orleans

🕔Jun 7, 2016

Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.

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