Daily Lodging Report Weekly Highlights

Hoteliers have been waiting for Chinese outbound tourists for some time, but borders have only really begun unlocking now. Plus, other hotel news from across the globe.

China is set to be the biggest engine driving hotel development in 2023. Macau now has more five-star hotels than London. And more hotel news from worldwide.

A subscription to Daily Lodging Report and a ticket to Skift Future of Lodging Forum is all a travel industry professional needs to stay-in-the-know on all things hospitality.

The Diplomat Beach Resort deal is the biggest hotel deal in the country since the pandemic began. Plus, more hotel deal and development news from around the world.

Oberoi is looking at five places in India to build "seven-star" properties. Meanwhile, China is roaring back, Dusit is expanding quickly, and other hotel development news from across the globe.

Hyatt has a record hotel development pipeline of about 117,000 rooms worldwide. Investment bank analysts are scrambling to re-rate hotel companies. And more lodging news.

Hotel groups have been eager to introduce branded residential offerings. Plus, Marriott tests "magic" beds, Macau may cap room occupancy, and other recent hotel news.

Analysts with investment banks are struggling with their 2023 forecasts. Hotel performance remains strong, but economic headwinds are notable. The pictures they paint are worthy of Picasso's "Blue Period," with vibrant images shaded in a somber blue.

Davidson Kempner's acquisition of a $900 million real estate portfolio in Portugal includes a handful of high-value, desirably located hotels. That and more news in this week's global roundup of other hotel development updates.

In the next couple of years, Manila will add about 2,650 hotel rooms a year, about double its recent pace, while the Philippines will enjoy more inbound tourism. Read about that and other hotel development bulletins from worldwide in this week's news roundup.