Construction industry extended-stay lodging bookings are up 120% in the two years through the end of November. More broadly, the industry has outspent all other sectors on work travel overall by 9.2% in the twelve months through August as more workers temporarily relocate to live around project sites.

Chains want to keep travelers and hotel developers loyal through proliferating offerings. Marriott has 32 brands include the apartment-like StudioRes coming next year. Hilton has 22 brands, such as premium-economy Spark and an extended-stay chain, temporarily dubbed Project H3. Accor has more than 40 brands.

Apartments by Marriott Bonvoy began taking reservations. The typical unit offers private bedrooms, a separate living room, full kitchen, and washer/dryer but does not provide traditional hotel services such as food and beverage, meeting spaces or daily housekeeping.

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Choice to restart negotiations and strike a deal with Wyndham before the end of the year. Choice hasn’t boosted its cash-and-stock offer, currently worth $86 a share. That is down from $90 given a decline in Choice shares since the takeover offer was made in October. Wyndham views the offer as too low and worries it would saddle the combined company with too much debt.

The Trump International Hotel Waikiki, in Honolulu, Hawaii, is set to rebrand under Hilton’s luxury LXR Hotels & Resorts brand. The hotel will be renamed Wākea Waikiki Beach and managed by Hilton beginning in February 2024, after the property owner Irongate and Trump Hotels came to a “mutual agreement” to sever ties after a “significant buyout of the hotel management and license agreements.”

Six Flags (SIX) and Cedar Fair (FUN) are joining forces in a roughly $2 billion all-stock deal to form a powerhouse in the regional theme-park industry. Six Flags shareholders will receive 0.58 share of common stock in the new company for each share they own and Cedar Fair unit holders will receive one share for each unit they own. The company is structured as a master limited partnership.

“And it also is not really M&A. It seems like a desperate grab to try to solve problems that [Choice] has,” Stephen Holmes, chairman of the board of Wyndham said during Wyndham Hotels & Resorts’ third-quarter earnings call.

If the proposed policy is passed, Los Angeles will be the first city in America to house the homeless and paying guests together in hotels. A poll indicated that 71% of Americans said they would be deterred from visiting Los Angeles for leisure or vacation if hotels were mandated to implement the policy.

During the first nine months of 2023, more than 22% of flights to or from U.S. airports were delayed. That’s up from roughly 17% during the same period in 2019.

Choice Hotels made public a $7.8 billion offer for Wyndham Hotels & Resorts, saying Wyndham had disengaged in private discussions over a deal to combine two of the largest owners of budget hotels. Choice said it is offering to buy Wyndham for $90.00 a share, including $49.50 a share in cash, while the rest would come from stock. The offer marks a 30% premium over Wyndham’s closing stock price of $69.10 on Monday.