Articles tagged “hotel development”

Skift spoke with Group Deputy CEO Jean-Jacques Morin about Accor's strategic pivot in key areas, such as why half of its new hotels will be in Asia this year.

Choice Hotels has been abandoning its roadside motel roots for more lucrative upscale and extended-stay properties. That means ice machines are out, and Instagrammable lobbies are in.

"Here's a mostly empty office building that we want to turn into a cool hotel" is, in 2025, an easier sell to lenders than "Here's an empty lot that we want to turn into a cool hotel." That's true because of high interest rates and construction costs.

Times are good for deals overall, but some hotel markets will struggle.

Hotel broker JLL sees global hotel transactions jumping at least 15% this year. It expects more M&A, too, as brands seek other ways to grow besides constructing new properties.

With hotel supply struggling to keep up with surging demand in India, room rates will go up. It's simple economics: less availability, higher prices. Get ready for a bump in your next hotel bill!

The U.S. hotel transaction market has split into a tale of two cities. The smallest and largest properties are trading hands, while deals in the middle (roughly ones worth $50 million to $250 million) are frozen.

Investors, owners, and brands always look for fresh ways to get hotels to market quickly and efficiently.

SkiftX spoke to Choice Hotels President and CEO Patrick Pacious about key travel trends like road trips, remote work, and growth opportunities amid improving development financing. According to Pacious, Choice’s strategic focus on upscale brands, tech-driven innovations, and track record in hotel conversions will fuel future development.