Cuts to interest rates would inject much-needed momentum into hotel deals and development. It's time to dust off those "When Rates Fall, Hotels Call" t-shirts you've had in the closet.
Choice Hotels, a U.S.-based franchisor, said on Tuesday it had opened an average of more than four hotels a week in the first half of 2023 — a 39% jump…
U.S. hotel construction spending rose 30 percent year-over-year in November, suggesting a sustained rebound is in place based on developers' confidence.
Hotel construction output lags metrics like occupancy in response to economic conditions. But the slow reaction time also means the development pipeline will likely take far longer to rebound from coronavirus than hotel performance.
Design's importance to travel has taken on a new urgency because of recent events, says Richard Centolella, the pioneering design thinker. We agree, and welcome all the new functionalities.