Author: asiantrader

U.S. HOTEL PERFORMANCE showed mixed results in the fourth week of January due to the Martin Luther King Jr. Day holiday shift, according to CoStar. Key metrics, including occupancy, ADR,... Read More

PEACHTREE GROUP RECENTLY surpassed $2 billion in hotel development, with 48 hotels nationwide, including 10 in qualified opportunity zones. The company is expanding into urban infill markets through underwriting, project... Read More

Mark Hoplamazian, Hyatt Hotels Corp. president and CEO, has been named the 2025 Cornell Hospitality Icon of the Year. The award, established by the Cornell Peter and Stephanie Nolan School... Read More

UTTAR PRADESH RECEIVED hospitality investment proposals worth approximately $12.2 billion, or Rs 1 trillion, in the last two years after introducing its 2022 tourism policy. The Indian state, which hosted... Read More

MARRIOTT INTERNATIONAL REPORTED record growth in 2024, opening 123,000 gross rooms and achieving 6.8 percent net room growth. The company ended the year with more than 577,000 rooms in its... Read More

INDIANAPOLIS-BASED MHG HOTELS recently acquired Homewood Suites by Hilton Indianapolis Downtown, its first purchase of 2025. The 92-suite property, located in the historic Weber Building, serves extended-stay guests. MHG Hotels is... Read More

Lisa Checchio is the new chief commercial officer of Miami-based EBG, an e-commerce provider specializing in travel and entertainment. She joins from Wyndham Hotels & Resorts, where she was executive... Read More

Bo Patel is the new chief operating officer of Coury Hospitality, a Dallas-based hospitality management firm that recently added nine hotel management agreements in California. He will oversee the firm’s... Read More

CHOICE HOTELS INTERNATIONAL is working with Bridge, a digital lending platform, to offer financing options to new and existing owners. Choice hoteliers can request a commercial loan in 10 minutes... Read More

THE MARTIN LUTHER King Jr. Day calendar shift impacted U.S. hotel performance upward in the third week of January, boosting weekly and year-over-year metrics like occupancy, ADR and RevPAR, according... Read More