The NLRB's expanded definition of "employee" means hotels running housekeeping through gig platforms may owe 20-35% more in labor costs overnight. The properties that kept their teams in-house just became the smartest operators in the comp set.
Hyatt's first Hyatt Place in South Korea opens in Pangyo, the tech corridor where Marriott's Courtyard is already crushing it at 90% occupancy. The question isn't whether the market can support another 204 keys... it's whether the brand promise survives a market that already knows what "select-service" looks like when it's done right.
Nearly a million open hospitality jobs, turnover still running north of 70%, and wages that still can't compete with a warehouse shift that doesn't require scrubbing bathrooms. If you haven't pulled your trailing 90-day turnover data by department this week, you're already behind the conversation your best people are having without you.
The worst jobs report in years is about to hit your top line and your applicant pool at the same time... and most GMs aren't ready for what that combination actually looks like on a P&L.
Booking, Delta, Royal Caribbean, and Marriott are all posting massive numbers, and every headline screams recovery. But when you pull the hotel sector apart from the travel sector, the story your P&L is telling looks nothing like the one Wall Street is celebrating.
A 142-key Fairfield is about to plant the flag for Marriott's midscale push into the UK, anchored by Jaguar Land Rover and Aston Martin headquarters demand. The real question is whether the playbook that works in American secondary markets translates to a country that doesn't know what Fairfield is.
A new SpringHill Suites just opened in Oxnard, California, and the press release reads like every other branded select-service ribbon-cutting you've ever seen. The interesting part is what DKN Hotels is betting on... and what that bet actually costs per key when you strip away the champagne.
A hospitality REIT bought a suburban Philadelphia DoubleTree for $22.3 million in 2022, closed it last November, and just won zoning approval to convert all 253 rooms into 213 apartments. The math that killed this hotel is the same math staring at half the aging select-service properties in suburban America right now.
