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1 Hotels Portfolio Reportedly for Sale

All three hotels in Starwood Capital Group’s nature-inspired luxury lifestyle brand, 1 Hotels, are reportedly being marketed for sale. Located in Miami Beach, Manhattan, and Brooklyn (opening later this year), the properties could fetch more than $800 million, sources estimated. ...

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U.K. Shakeup Raises Questions About Travel

On the heels of last night’s annoucement that the United Kingdom has voted to leave the European Union, many are left wondering what this historic decision means for the travel industry. The British pound fell to its lowest level in ...

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Top Cities in the World for Hotel Construction

According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five cities with the largest construction pipelines in the world by project count are: New York with 187 projects/32,136 rooms; Jakarta with 130 projects/22,851 rooms; ...

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Airbnb Ordinance Passes in Chicago

Yesterday, Chicago aldermen passed Mayor Rahm Emanuel’s plans to regulate Airbnb and Uber. After the approval, Airbnb senior adviser Will Burns said Chicago is giving a big welcome to home-sharing with the ordinance. To read the latest on the Airbnb ...

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Charlotte Hotels Withstand HB2 Controversy

Despite North Carolina’s House Bill 2 “bathroom law” raising concerns about the area’s economy, data from STR shows that Charlotte’s hotel sector is strong. Occupancies were up 5.6 percent in May from the year prior, and for the first five ...

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Top Countries for Hotel Construction

Lodging Econometrics reports that the countries with the largest construction pipelines in the world are the United States with 4,471 projects/551,965 rooms and China with 2,448 projects/549,222 rooms. Following at a distance are: Brazil with 407 projects/70,833 rooms; Indonesia with ...

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