Miami investment fund, CGI Merchant Group is paying $375 million to buy Trumps’ Washington Hotel lease and will begin the process of rebranding the property as a Waldorf Astoria.

Host Hotels & Resorts has sold the 1,780-room Sheraton New York Times Square Hotel for $373 million.

Airlines are passing higher costs on with domestic ticket prices in March 20% higher than 2019 levels, and up 15% from February,

Compared to pre-pandemic levels, hotel development costs have increased between 15% and 23%.

For every 10 jobs that exist in leisure and hospitality, there’s a job opening with hotel employment in the U.S. 20% below where it was pre-pandemic.

Big corporate travel-management companies are hovering around 50% of 2019 booking levels, much of which is due to the lack of international travel.

U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees in 2021, more than double the amount in 2012.

For 2021, extended stay chains ran at an average occupancy of 73%, as other business-oriented hotels recovered much slower averaging less than 60% occupancy.

Realty Income Corp. is making the real estate investment trust’s first foray into hotels and gaming with a $1.7 billion sale-leaseback deal for Wynn Resorts’ Encore Boston Harbor Resort Casino.

Crown Resorts Ltd., one of Australia’s biggest casino operators, said it agreed to a $6.3 billion takeover by Blackstone Inc., following a roughly yearlong effort by the U.S. private-equity giant to acquire the company.