There were over 60 million skier visits to U.S. resorts last season, the highest ever reported. The past two years also posted record individual domestic participation—10.5 million in 2020/2021 and 10.7 million in 2021/2022.
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.
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.
