Marriott has started putting Coca-Cola Co. products in its properties, replacing a longtime partnership with PepsiCo. Marriott expects to continue rolling out Coke products in guest rooms, restaurants and meeting spaces over the next several months.

Marriott has said that fee revenue from its co-branded credit cards is expected to jump 35% this year to nearly $1 billion. Owners say that they previously believed the program was only breaking even and that the hotel giant is ripping them off.

AHS Properties bought the Dubai’s Shangri-La Hotel for $300 million. The luxury real estate developer bought the 43-floor hotel from Mismak Asset Management.

The federal government sold the former Old Post Office building to merchant bank BDT & MSD Partners for $80 million. BDT & MSD Partners, which acquired the property, is discussing a sale for around $400 million with potential buyers. President Trump’s family firm previously operated the hotel and sold its lease rights in 2022 for $375 million.

Hotel bookings in U.S. World Cup host cities lag behind Canada and Mexico, with San Francisco the only U.S. city to crack that threshold at 44%. High ticket prices, soaring transportation costs, visa concerns and a perceived unwelcoming U.S. political climate deter travelers.

Fertitta Entertainment, owned by billionaire Tilman Fertitta, agreed to buy Caesars Entertainment for about $5.7 billion. The acquisition will add Caesars’ more than 50 resorts to Fertitta’s portfolio, which includes Golden Nugget casinos.

Hotel owners in New York City signed the industry’s most expensive union contract, raising hourly wages by about 50% over eight years. Rising labor and other mounting expenses will push up hotel owners’ annual property operation costs by an estimated 15%.

The first quarter’s total hotel transaction volume of $5.6 billion was up 14.4 percent from Q1 2025, but down 47 percent since the cyclical peak in 2022. Single-asset transaction volume reached $5.4 billion, up 33 percent year over year, and five of those single assets sold for more than $100 million, up 24 percent in volume year over year.

Revenue per available room improved through March, but noted ongoing “bifurcation” with RevPAR at luxury hotels up 7.3 percent while economy hotels were down 2.1 percent. Nationally, RevPAR is holding at $96, up 3.8 percent year to date through March.

Many Airbnb hosts are experiencing soft demand for bookings for the World Cup, despite significant investments. In Philadelphia, 42% of short-term rentals are booked during the World Cup, with Boston being the only host city with more than half rented.