CoStar said Phu Quoc's hotel occupancy exceeded 90% in early 2026, closing the gap with Southeast Asian rivals Bali and Phuket. Plus, more hotel deal and development news.
Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.
Centara Hotels and PTT Oil plan six budget hotels at Thai service stations, while IHG debuts Garner brand in Greater China. Plus, more hotel deal and development news.
Service Properties Trust priced a $500 million public offering while Blackstone acquired Stanly Ranch through foreclosure. Plus, more hotel deal and development news.
Marriott plans a joint venture with Lefay's founders to bring the luxury wellness brand into its portfolio and expand it globally. Plus, challenges and opportunities at Service Properties Trust and other hotel deal and development news.
Companies like Centara Hotels & Resorts are reporting forward bookings, particularly from Europe, as showing signs of hesitation with travelers either postponing trips or seeking closer-to-home alternatives. Plus, hotel development news.