Sales of U.S. Hotel Assets Sagged in First Half 2023
Hotel owners have balked at doing deals as interest rates have risen. But the deal drought may end soon. Plus, more from this week's news about hotel development worldwide.
Future of Lodging
As the lines continue to blur between hotels and short-term rentals, Skift is focused on the technology and the consumer behaviors that are driving this. Follow our coverage across the wide world of lodging, from traditional hotels and motels to urban short-term rentals and traditional vacation rentals.
Inspirato Lays Off 6% of Workforce, Second Round of Cuts This Year
Inspirato's woes do not appear to be a reflection of the broader luxury sector. Perhaps luxury subscriptions, though, don't have as much value in the eyes of wealthy travelers as the company purports.
Expedia Plans AI Tweaks, Officially Launches ‘One Key’ Loyalty Program in U.S.
As earning and burning points on vacation rentals become the norm, maybe even Airbnb will launch a loyalty program one day.
Marriott to Bet on Gaming With MGM Resorts Loyalty Program Tie-Up
Expect other hotel companies to wager on gaming soon. After all, if airlines have code-shares and interlining agreements, why can't hotels and gaming companies, too?
Hotel Execs Face New Reporting Challenge. Here’s What They Need to Know.
What's keeping hotel executives up at night these days? For some, it's looming reporting requirements for sustainability.
Hotel Lobbies Get Glow Ups as Lighting Becomes Central to Design Innovation
Funky furniture and art grab all the glory in hotel design talk on Instagram and TikTok. But lighting has under-appreciated importance. This example of a lighting refresh at this Dominican Republic resort could offer broader lessons to the sector.
Scandic Hotels Expects Strong Third Quarter With Steady Travel Demand
Scandic Hotels Group began the hotel earnings season with a financial update on Friday, voicing optimism about travel demand despite recent inflationary pressures.
Choice Hotels’ Bullish Report Prompts More Wyndham Merger Speculation
Choice Hotels issued a positive business update in a seemingly random way. That fueled speculation it plans to do something newsy. Plus, other worldwide headlines in hotel deals and development.
Albania Isn’t A Hidden Gem Anymore, Its Short-Term Rental Market is Proof
The U.S. market might be seeing a pullback, but Europe continues to lure budget-conscious travelers to under-explored destinations with a booming hospitality sector.
Choice Hotels Opens Properties at Faster Pace and Reaffirms Profit Outlook
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…