The existing Interstate Hotels & Resorts portfolio, which has operated as Aimbridge’s international division since 2019, comprising some 114 properties (15,000 rooms) across the UK and Europe will be rebranded Aimbridge EMEA.

Dajia Insurance Group is putting up for sale the Montage in Laguna Beach, the Four Seasons resort in Jackson Hole and the Four Seasons in Scottsdale. The combined price tag is estimated at $1.3 billion.

The average daily room rate for group hotel bookings last month was $204, only 3.4% below the rate for same month in 2019.

Wyndham Hotels & Resorts announced plans to offer a mobile-tipping option to the owners of more than 6,500 hotels.

Hilton has tapped a major development project in Manhattan’s Times Square to debut its boutique brand, The hotel, which will be the first under the new Tempo by Hilton flag, will feature 661 rooms when it opens next year. It is part of TSX Broadway, a $2.5 billion, 550,000-square-foot tower located next to Times Square’s red bleachers and the TKTS discount-tickets booth.

Marriott opens expansive new headquarters despite rise of hybrid working.

U.S. hotel construction has declined for seven consecutive months, according to STR, but planning activity continues to rise nationally, albeit at a slower pace. In Construction: 149,198 rooms (-20.1%), Final Planning: 178,809 rooms (-11.3%), Planning: 281,190 rooms (+6.1%).

Hundreds of thousands of hotel workers have left the industry since the pandemic. There were about 1.7 million accommodation workers employed nationwide in June, a roughly 16% decline from June of 2019.

Comparing Q2 2022 with Q2 2021, the number of trades increased by approximately 122 percent while total dollar volume grew roughly 12 percent, however sale price per room declined by 25 percent.

The latest data shows the top 25 hotel markets are now at 65% of year-to-date 2019 levels of gross operating profit per available room and are just seven percentage points below the 2019 year-to-date gross-operating-profit margin. Additionally, all these markets year to date are beyond 50% of 2019 levels in total revenue per available room and beyond 24% of 2019 GOPPAR levels.