The franchise companies with the largest construction pipelines at the end of the third quarter of 2020 are Marriott International with 1,390 projects/184,450 rooms, followed by Hilton Worldwide with 1,351 projects/155,626 rooms, and InterContinental Hotels Group (IHG) with 873 projects/89,375 rooms.
Hotel news in North America
McKibbon Hospitality has announced the addition of five hotels to its management portfolio.Owned by Hospitality Investors Trust (HIT), the five Hilton properties include Hampton Inn Boca Raton, Hampton Inn & Suites Boynton Beach, Hampton Inn Boca Raton-Deerfield Beach, Hampton Inn Palm Beach Gardens, and Hampton Inn West Palm Beach-Florida Turnpike.
Consistent and harmonized travel protocols, enhanced safety measures and the protection of jobs and livelihoods are the main ingredients needed for the restart of tourism. The Sixth meeting of the UNWTO Global Tourism Crisis Committee reminded participants of the need to work together as the only means of advancing the sustainable recovery of the sector.
Casai, an emerging markets hospitality brand that offers living spaces suited for the nomadic generation, has announced a $48 million Series A including $23 million in equity funding and up to $25 million in debt financing from TriplePoint Capital.
Service Properties Trust (SVC) has announced that it has terminated the management agreements for 122 hotels with Marriott International (MAR).
In a historic first, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who presented their plan to save the embattled Travel and Tourism sector and 100m jobs globally.
Highgate has announced it has assumed management of Trust Hospitality portfolio assets, comprised of 22 hotels and resorts throughout the U.S., Caribbean and Latin America.
As growing numbers of countries around the world ease restrictions on travel, the World Tourism Organization (UNWTO) has launched a new Tourism Recovery Tracker to support global tourism.
The EBRD and the World Tourism Organization (UNWTO) are joining forces to promote sustainable tourism, accelerate the transfer of climate finance and make green technologies more accessible for the tourism sector through the Bank online shopping-style platform Green Technology Selector.
The majority of Global Business Travel Association (GBTA) companies expect their employees to return to in-person events in 2021.
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.
The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures remained the new normal.
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
A devastating $155 billion looks set to be lost from the U.S. economy due to the collapse of international travel during 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.
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.
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).
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.