Wyndham Hotels & Resorts is launching its 25th brand through a new partnership with extended-stay company WaterWalk. The deal adds 11 hotels and more than 1,500 rooms to the Wyndham ecosystem, reflagging them under the newly-created upscale WaterWalk Extended Stay...
Cost increases plagued the nation’s biggest hotel chains in 2023, with expenses like labor and insurance eating into margins. But a steady stream of leisure travelers and higher room rates helped the companies maintain profitability. On their fourth-quarter...
The US Federal Reserve building is seen past caution tape in Washington, DC, on September 19, 2022. (STEFANI REYNOLDS/AFP via Getty Images) Holiday cheer never really infiltrated the US. commercial real estate finance sector. Entering the new year, the country’s CRE...
Hotel Outlook BCD projects average global hotel rates to increase by 6.8 percent year over year in 2024, according to the forecast. “Even as the pace of the recovery shows some signs of slowing, demand should continue to outpace available supply in many...
U.S. hotel companies and real estate investment trusts reported higher revenues from groups booking rooms in the third quarter. Business Transient Demand Slow and Steady Many publicly traded U.S. hotel companies and real estate investment trusts reported a pickup in...
