Hyatt’s Luxury Focus and Going Asset Light: ‘Everything Is For Sale’
Hyatt is benefiting from luxury travel while competitors struggle with more budget-conscious customers. About 70% of its portfolio is in the top tier.
Future of Lodging
As the lines continue to blur between hotels and short-term rentals, Skift is focused on the technology and the consumer behaviors that are driving this. Follow our coverage across the wide world of lodging, from traditional hotels and motels to urban short-term rentals and traditional vacation rentals.
IHG Hits 1 Million Rooms, U.S. and China Slow Down Growth
IHG’s one million-room milestone is impressive. So is the pace of conversions. But revenue pressure in key regions can’t be ignored.
Choice Hotels Talks Up International Growth as U.S. Demand Softens
International expansion is gaining ground at Choice, with full control in Canada and rising overseas openings. But its fortunes still depend heavily on the U.S.
Marriott’s Sluggish Q2: Flat U.S., Drop in Government Travel, Forecast Narrowed
Marriott has seen softness in revenue per available room, or RevPAR. But development pipelines and loyalty member gains could drive future growth.
U.S. Dollar Slide Hurts Accor, Minor, and Meliá
The dollar's decline is splitting the hotel industry along regional lines. European and Asian chains are feeling the pinch while U.S.-based operators barely mention the turbulence.
IHG Pursues Business Travelers Through Emirates and Other Deals
IHG's new deal with Emirates is as part of broader push to capture the underserved corporate segment. Expect more partnerships that offer fast-track loyalty status in exchange for direct bookings.
Accor Plans U.S. Expansion, Currency Moves Hit Profits
Investors hated Accor's results - the stock got crushed. But the U.S. expansion plan is starting to pick up.
Las Vegas Sees Midmarket Tourism Soften, Weighing on MGM Resorts
Las Vegas tourism is experiencing measurable softness in 2024, and it's affecting MGM Resorts.
LVMH Has Option for Full Control of Orient Express After Buying 50% Stake: Exclusive
It's far from a done deal, but a sale could make sense. Accor could potentially retain some of the benefits of Orient-Express without having to manage an ultra-luxury brand. LVMH would reduce brand confusion.
Dusit Makes Bigger Play for Europe With New Joint Venture in France
France may be a saturated market, but for Dusit, it’s a strategic starting point: high visibility, high risk, and just enough white space for a small player with a clear point of view.