India’s Hotel Supply Is Less Than Demand as Development Tries to Catch Up
Skift Take
Developers are eagerly building hotels in India, but analysts say they're not doing it quickly enough to meet demand over the next five years. Plus, other news in hotel development worldwide.
Daily Lodging Report
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Sunday, October 30While Travel + Leisure’s stock price rebounded a little bit after Thursday’s earnings-induced decline, Credit Suisse lowered the boom on them. CS cut the company's stock to Underperform from Outperform and lowered the price target to $31, from $77.
Brookfield is acquiring the Ritz-Carlton San Francisco and hotels in Wine Country and San Jose as part of its multibillion-dollar acquisition of Watermark Lodging Trust. Private funds managed by Brookfield Asset Management now control 1,072 hotel rooms across the Bay Area, including the Ritz (336 rooms), the San Jose Marriott (510 rooms) and the Fairmont Sonoma Mission Inn & Spa luxury resort (226 rooms), reported the San Francisco Business Times.
An Arkansas hoteli
