Marriott Bonvoy quietly eliminated elite dining discounts across Asia Pacific while Hilton, Accor, and Shangri-La kept theirs intact. If you're an owner wondering why your F&B outlets are losing covers to the restaurant next door, the answer might be in your franchise agreement.
iGaming revenue jumped 29% last year while your guests played from their hotel rooms instead of walking to the floor. If you're still building F&B strategy around gaming-driven foot traffic, you're building on a foundation that's eroding in real time.
Xenia Hotels beat Q4 estimates with a 7.5% jump in Adjusted EBITDAre, but the real story isn't the earnings beat... it's a revenue mix that most lodging REITs can't replicate and a 2026 guide that prices in margin compression nobody's talking about.
