Hotel Earnings: What We Learned This Week – in 2 Minutes
Photo Caption: Marriott AC Hotel Chengdu North, which marks the lifestyle brand's debut in Southwest China in May 2024. Source: Marriott International.
Skift Take
IHG saw U.S. hotel revenue normalize. Marriott plans to launch a new midscale brand. Hyatt aims to expand its all-inclusive resort portfolio. And more.
Daily Lodging Report
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. It covers North America and Asia Pacific with two separate regional editions.Marriott, IHG, and Hyatt joined other hotel companies in releasing earnings or giving financial updates this week. Here are the highlights. Note: All numbers are for the first quarter.
🇺🇸 U.S. hotel demand is softening The surging wave of post-pandemic travel demand in the U.S. may have crested. Marriott International said its U.S. and Canadian hotels saw their revenue-per-available room, or RevPAR — a key performance metric — rise only 1.5% year-over-year. IHG, owner of Holiday Inn and other