Alan Woinski

The Singapore Tourism Board said tourism spending reached a record, with receipts in the first nine months up 6.5%. Meanwhile Vietnam is challenging Thailand for tourism growth. Plus, hotel news.

JPMorgan, Deutsche Bank, and Truist provide their earnings previews. Plus, more hotel deal and development news.

U.S. hotel deals and development stay active, with projects like a $100M World of Blue redevelopment near MetLife Stadium ahead of the FIFA World Cup.

Accor, Hilton, and Marriott will operate multiple brands at Sun Group's $2.47 billion Phu Quoc resort complex, adding around 6,500 five-star rooms.

Hotel industry profit per room remains at 90% of 2019 levels despite rising guest spending, due to increased operating costs and wages.

ALIS conference sentiment was cautiously optimistic ahead of World Cup, with JP Morgan noting lack of conviction despite positive tone.