Las Vegas’ ‘strength and resiliency’ drive Q4 growth for MGM Resorts

Following a cybersecurity issue and looming worker strikes that impacted the company in Q3, MGM posted strong performance growth to close 2023.

By Jenna Graber • Feb. 14, 2024

Marriott CEO touts new midscale brand amid segment push

After entering the midscale segment in the U.S. and Canada in 2023, the hotel company plans to continue growth in the space with groundbreakings on StudioRes and a looming brand launch.

By Jenna Graber • Feb. 13, 2024

Expedia Group names Ariane Gorin CEO

Current CEO Peter Kern will step down at the end of his contract in May.

By Noelle Mateer • Feb. 9, 2024

F1 ‘a contributor’ to Wynn Resorts’ record Las Vegas performance in Q4

The company posted record performance results in the city due to a robust events calendar, and CEO Craig Billings anticipates further growth from Super Bowl LVIII.

By Jenna Graber • Feb. 8, 2024

Record ADR predicted for Las Vegas hotels over Super Bowl LVIII weekend

Hotel performance in the city from Friday through Sunday will significantly outpace last year’s gameday weekend in Phoenix, STR forecasts.

By Jenna Graber • Feb. 8, 2024

Hilton to boost luxury network with Small Luxury Hotels of the World

Hilton announced the partnership as part of its earnings for the fourth quarter of 2023, which also saw a company record for room openings.

By Noelle Mateer • Feb. 7, 2024

Why Hilton might consider acquiring Graduate Hotels

Hospitality industry experts say brand acquisitions are an increasingly popular way for hotel companies to gain scale and boost customer loyalty.

By Noelle Mateer • Feb. 7, 2024

Aimbridge Hospitality restructures to streamline US operations

The hotel management company will create a dedicated owner relations team and two focused operating divisions led by company executives.

By Jenna Graber • Feb. 7, 2024

Hilton considering purchase of Graduate Hotels brand: Bloomberg

Sources told Bloomberg the potential deal would not involve Hilton taking on Graduate Hotels’ real estate, which currently spans 37 properties in the U.S. and U.K.

By Noelle Mateer • Feb. 6, 2024

Auberge Resorts Collection gets ‘significant capital’ investment to fuel global expansion

Merchant bank BDT & MSD's minority stake will further grow the luxury brand portfolio in “gateway urban markets and high-profile experiential destinations.”

By Jenna Graber • Feb. 5, 2024

Choice Hotels-Wyndham merger: Everything we know so far

Sources familiar with the matter likened the initial negotiations to being held at gunpoint. Experts say pressure from online travel agencies and a desire for scale may be behind Choice’s moves.

By Jenna Graber • Jan. 31, 2024

Urban markets, sustainable tourism to drive global hotel investment in 2024: JLL

Global hotel investment will accelerate this year, exceeding 2023’s volume by from 15% to 25%.

By Noelle Mateer • Jan. 29, 2024

Choice Hotels names Wyndham board nominees in ‘brazen’ move

Choice claims the elected board members would “act in shareholders’ best interests.” But Wyndham slammed the move as “dubious,” again pleading to shareholders to not tender their shares.

By Jenna Graber • Jan. 22, 2024

IHG taps Leanne Harwood to lead Americas luxury and lifestyle portfolio

The hospitality industry veteran is tasked with driving performance and operations as IHG continues to grow its six luxury and lifestyle brands.

By Noelle Mateer • Jan. 18, 2024

Hilton Grand Vacations completes $1.5B acquisition of Bluegreen Vacations

The all-cash deal adds 14 new markets to Hilton Grand Vacations’ portfolio.

By Noelle Mateer • Jan. 17, 2024

Hot hotel markets to watch in 2024

Atlanta, Dallas, New York City and Miami are hotel markets worth watching. Here’s why.   

By Noelle Mateer • Jan. 8, 2024

Hyatt Chairman Thomas Pritzker accused in Epstein documents

Jeffrey Epstein victim Virginia Giuffre said she had sex with the hotel company heir in a 2016 deposition.

By Noelle Mateer • Jan. 5, 2024

Hard Rock names new senior vice president of hotel operations

Thirty-year industry veteran John Rees will oversee operations across the company’s 37-property hotel portfolio.

By Jenna Graber • Jan. 4, 2024

Women remain underrepresented in hospitality leadership positions: JLL

A survey of the top 10 hotel companies in Europe found that the male-to-female split was 70/30.

By Michele Laufik • Dec. 22, 2023

Wyndham’s plea to shareholders: don’t tender shares

In its latest bid rejection, Wyndham’s board of directors maintained that a merger with Choice Hotels is not in stakeholders’ best interest.

By Jenna Graber • Dec. 18, 2023

Choice Hotels makes latest ‘unsolicited’ bid to acquire Wyndham

Choice made an exchange offer to buy its peer Tuesday, a proposal Wyndham said “appears unchanged” to its previous bid.

By Jenna Graber • Dec. 12, 2023

Hyatt’s global president of operations exits

Chuck Floyd will retire in 2024, following 40 years of management and leadership work at the hotel company.

By Jenna Graber • Dec. 5, 2023

MGM Resorts CFO expects insurance to cover cyberattack costs

The Las Vegas-based casino and resort operator has pegged the costs of the September cyberattack that temporarily crippled operations at about $100 million.

By Suman Bhattacharyya • Dec. 1, 2023

KSL Capital Partners, Hersha Hospitality Trust make merger official

Through the $1.4 billion deal, KSL acquires Hersha’s portfolio of luxury lifestyle hotels, expanding its reach in the growing segment.

By Jenna Graber • Nov. 30, 2023

Choice Hotels to nominate directors to Wyndham board: Reuters

In its latest move to buy out its peer, Choice is attempting to skirt Wyndham’s current leadership, which has repeatedly rejected its acquisition bid, by adding its own presence to the company’s board.

By Jenna Graber • Nov. 28, 2023