The Best of Daily Lodging Report for the Week Ending November 26

Skift’s Daily Lodging Report is a subscription-required, email-only newsletter read by anyone and everyone in the hotel investor, owner, and operator space, including CEOs of some of the industry’s top brands. With two separate regional versions, it covers everything from North America to Asia Pacific. The report itself, curated by founder Alan Woinski, boils industry news down to a quick, easy-to-read daily digest known for keeping readers up to date in an efficient, effective way.

Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here.

After 20 months without a single guest in its more than 1,000 rooms, the Hyatt Grand Central in midtown Manhattan is now sold out on weekends through the end of the year. The reopening of U.S. borders to vaccinated foreign tourists is breathing life back into the hospitality industry, but a full recovery could take years, according to NYC & Company. Some of the most lucrative travel markets have not yet returned such as tourists from China. While hotels continue to reopen and return to business, more than 100 in the city will remain closed for good. New hotel construction has offset these losses, but a deficit of thousands of rooms won’t be available to travelers, resulting in booking shortages as demand increases.  For the hospitality industry, the return of international visitors is vital to its survival. The city’s official tourism and marketing organization said the pace of recovery is led by these leisure travelers. Foreign tourists are roughly 20% of all