SHERIDAN, WYOMING – Feb. 17, 2025 – The Chelsea Hotel, Toronto has appointed Shane Downey as its new managing director. Downey brings over 20 years of experience in the hospitality industry, having worked with major brands like Marriott and Hilton in Europe, the Middle East, the U.S., and Canada.
Downey's Extensive Hospitality Experience
SHERIDAN, WYOMING – Feb. 17, 2025 – Indigenous Tourism BC (ITBC) has launched a new Indigenous-Owned designation and a refresh of the existing Authentic Indigenous designation. Honouring quality and authenticity, both designations promote Indigenous tourism businesses across British Columbia, ensuring travellers can identify and engage with cultural experiences and businesses in a meaningful way.
SHERIDAN, WYOMING – Feb. 17, 2025 – Yurbban Hospitality Group, a Barcelona-rooted global hotel operator, is celebrating a decade of its Yurbban Hotels brand with significant expansion and impressive financial results. The company has announced the addition of the Lennox Hotel Miami Beach to its growing portfolio, marking its sixth property in the vibrant South Florida city.
Strategic Acquisition in Miami Beach
SHERIDAN, WYOMING – Feb. 17, 2025 – ARRIVE by Palisociety has officially opened its doors in downtown Albuquerque, New Mexico, marking a significant expansion of the brand's national footprint. Overlooking the iconic Robinson Park, ARRIVE Albuquerque breathes new life into a historic 1965 building, offering a unique blend of contemporary design and southwestern charm.
A Contemporary Take on Southwestern Charm
SHERIDAN, WYOMING – Feb. 14, 2025 – A tremendous surge in the U.S. hotel development pipeline marked the final quarter of 2024, with the pipeline hitting unprecedented levels across the country. Recent analysis and reports from Lodging Econometrics (LE) reveals the total hotel construction pipeline has swelled to 6,378 projects encompassing 746,986 rooms, marking year-over-year (YOY) increases of 7% and 8% respectively. This continues an upward trajectory that began in the fourth quarter of 2021.
Vigorous Activity Across All Project Stages
SHERIDAN, WYOMING – Feb. 12, 2025 – Hyatt Hotels Corporation has announced it has entered into a definitive agreement to acquire all outstanding shares of Playa Hotels & Resorts NV for $13.50 per share, or approximately $2.6 billion, inclusive of approximately $900 million of debt, net of cash. Hyatt currently holds a 9.4% beneficial ownership stake in Playa’s outstanding shares.
Leadership Commentary on the Acquisition
SHERIDAN, WYOMING – Feb. 10, 2025-The U.S. hotel industry is set for a modest growth in 2025, with a projected 1.8% increase in RevPAR. The Average Daily Rate (ADR) is also expected to rise by 1.6%, while the occupancy rate is anticipated to remain at 63.1%.
Key Trends:
IHG CEO Targets Indie Hotels in Tech-Driven Expansion — Exclusive Interview
SHERIDAN, WYOMING – Feb. 10, 2025 – Booking.com is making a splash with its Super Bowl marketing efforts, including a unique "Iconic Madden Cruiser Experience" and a return to the Super Bowl commercial lineup.
The Iconic Madden Cruiser Experience
SHERIDAN, WYOMING – Feb. 10, 2025 – CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, will announce its financial results for the fourth quarter and full year 2024 on February 18, 2025, after the market closes. Following the release, the company will host a conference call to discuss these results and provide an outlook for the future.
Earnings Release and Conference Call Details
