The 3,000-room casino hotel that changed Las Vegas when it opened in 1989 will close on July 17.

Many less-efficient vessels were scrapped, and there will be slow growth in 2026 and 2027 as the absence of industry orders during the height of the pandemic works its way through specialized shipyards.

According to government data, total hotel employment stands at roughly 1.92 million. This means there are 191,500 less workers in the industry than there were in February 2020, reflecting the scarcity of available employees since the onset of the pandemic.

Airbnb hosts in the U.S. has grown to more than 790,000, an eightfold increase since 2014 and up 35% since the start of the pandemic.

Host Hotels & Resorts has entered an agreement to acquire fee simple interest in the 450-room Turtle Bay Resort on the North Shore of Oahu, Hawaii. The price for the transaction, which includes a 49-acre land parcel entitled for development, is stated by Host Hotels as approximately $680m. Blackstone Real Estate acquired the hotel in 2018 for $332m. Host Hotels intends to transition management to Marriott and rebrand the resort under The Ritz-Carlton brand.

Hampton Inn travelers consume 30 million waffles at the hotel chain each year as part of its breakfast buffet.

Red Lobster, the largest seafood restaurant chain in the U.S., has filed for bankruptcy protection in an effort to reduce debt and will sell its assets. Under a stalking-horse agreement, the company will sell its business to an entity formed and controlled by its existing term lenders.

According to the latest report of the U.S. hotel construction pipeline trend report, there are 6,065 projects with 702,990 rooms in the pipeline, representing a 9% YOY and 7% YOY increase in projects and rooms, respectively. Across the country, there are 1,144 projects comprising 141,336 rooms under construction, marking a 9% increase in projects and a 1% increase in rooms YOY.

Hotels are projected to pay a record high total of wages, salaries and compensation in 2024—$123.4 billion compared to $118 billion in 2023.

The data show hotels are projected to generate a total of nearly $83.4 billion in tax revenue in 2024.