Airbnb's summer travel data shows one-third of travelers choosing rural, activity-driven trips over traditional destinations. If you're a hotel operator wondering why your summer leisure pace is soft, the answer might be that your property is selling a bed when the guest is buying an experience.
Expedia beat every Q1 estimate, hit a 15.8% EBITDA margin, and grew revenue 15%... then lost 9% of its stock price because it refused to raise full-year guidance. If you're an operator watching OTA dynamics, the cautious part is the part that matters to you.
A Thai luxury brand is betting its entire American future on 50 hotel suites inside a 50-story Miami condo tower that won't open for four years. The math on branded residences is seductive right now... but the operator math tells a very different story.
Swire Properties imploded the 26-year-old Mandarin Oriental Miami on Sunday to replace it with a $1 billion development featuring just 121 hotel rooms... plus 228 residences priced up to $100 million each. The hotel business was never the point.
A 506-key downtown Portland Marriott just traded at $59 per key. That number tells you everything about what's happening in distressed urban hotel markets right now... and what the buyer is betting on.
The Canadian hotel workforce is still 20% smaller than 2019, but revenue has blown past pre-pandemic levels. Somebody's doing more work for less money, and I'll give you one guess who.
When a resort group relocates a Michelin-starred restaurant into its adults-only property, it's not about the 27-course tasting menu. It's about what happens when F&B stops being a cost center and starts being the reason someone books the room.
Christina Veira built a 220-seat bar in Toronto, provides her team health and dental benefits, and raised over $100K for charity. The fact that any of this qualifies as newsworthy tells you everything about how low the bar is for treating hospitality workers like humans.
The Quapaw Nation is dropping $250 million on a 320-room tower and a 1,600-seat event center at Saracen Casino Resort in Pine Bluff, Arkansas. The question isn't whether John Legend sells out opening night... it's what happens on a random Wednesday in October when the headliner is a regional tribute band and you're carrying debt service on a 14-story hotel.
We-Ko-Pa Casino Resort ran a half-million-dollar March Madness promotion through its sports bar and sportsbook, and every casino resort in the country is chasing the same playbook. The interesting part isn't the promotion... it's whether the systems behind it can actually handle what happens when 246 rooms, a 166,000-square-foot gaming floor, and a live betting operation all peak at once.
European hotel deals hit €27 billion, Pebblebrook's CEO says U.S. buyers and sellers still can't agree on price, a cartel killing reshapes a Tuesday in Puerto Vallarta, and the Trump Organization bets a billion on Australia's Gold Coast. The common thread is one nobody's talking about.
Everyone's suddenly rediscovering that hotel F&B can make money. The truth is it always could... if you stopped treating the kitchen like a checkbox and started running it like a business.
New York City wants to raise property taxes nearly 10% on an industry already drowning in regulatory costs, union labor at $40 an hour, and operating expenses growing four times faster than revenue. At some point, the math stops working... and we're getting close.
When the most profitable division in entertainment promotes its boss to run the whole company, it tells you something about where the money is. And when they backfill him with a guy who ran luxury hotels and cruise ships, it tells you even more.
The February jobs report is a gift and a grenade for hotel operators. You're about to have more applicants than you've seen in five years... and fewer guests to serve them.
A local ownership group just cleared a rezoning hurdle for a proposed upscale Hilton in a small Georgia college town, and everyone's excited about the renderings. I'm looking at the math underneath them.
A $185 million, 200-room Curio Collection hotel just opened in downtown San Antonio at nearly a million dollars per key. The architecture is stunning. The chef pedigree is real. The math? That's where it gets interesting.
