Strong Q1 airline earnings on international routes are a 30-60 day leading indicator for gateway hotel demand, and most properties gutted their international sales infrastructure during COVID and never rebuilt it.
A "death cross" technical signal is getting attention for Park Hotels & Resorts, but the real deterioration is in the fundamentals: a net loss of $283 million, S&P leverage concerns, and 2026 guidance that assumes the world cooperates.
National RevPAR jumped nearly 5% in mid-March, fueled by March Madness, spring break, and a physics conference in Denver. The question is whether your property rode the wave or watched it pass from the beach.
Half of America's hotel housekeepers are foreign-born, immigration reform just stalled again, and Memorial Day is 60 days out. The properties that survive the summer won't be the ones who hoped for the best — they'll be the ones who started hiring last week.
Congress just killed the last realistic shot at immigration reform, but if you're running a hotel, the labor crisis didn't start this week. It started the day your best room attendant didn't come back from her day off, and nobody on your bench could replace her.
Congress can't get an immigration bill across the finish line, and if you're running a hotel that depends on immigrant labor for the back of the house... which is most of you... the staffing math you budgeted for 2026 is already wrong.
