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Group Makes Bid for Grosvenor House, Plaza

A U.K. multifamily office and two Middle Eastern partners have made a $1.3 billion bid to acquire the Grosvenor House hotel in London and majority stakes in The Plaza and Dream Downtown hotels in New York. If the deal goes ...

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Excess Rooms Push Rate Drops in China

China’s excess in supply has forced owners to reduce rates to attract customers. As many as four in 10 rooms in China have been empty as of late due to a proliferation of hotel chains, reports The Wall Street Journal. In the ...

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Americans Consider Terrorism on Vacation

The majority of Americans are showing concern about terrorist attacks occurring during vacation in various locations. Americans influenced by an act of terrorism are more likely to be traveling within the U.S. or Canada, according to Allianz Travel Insurance’s Vacation ...

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Starwood Reports Loss in Second Quarter

Starwood Hotels & Resorts experienced lower-than-expected growth in the second quarter. A slower rate of RevPAR growth will contribute to lower fee growth in the second half of the year than previously expected, Starwood’s CFO said, but lower expenses should ...

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Moody’s Releases June U.S. Lodging Data

Moody’s reports on the recently released June U.S. lodging data. Key highlights: June U.S. lodging data shows occupancy growth tracking at the bottom end of our forecast range: occupancy growth was essentially flat at 0.1 percent for the first six ...

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More Details Emerge Regarding Airbnb Suit

In June, Airbnb filed a lawsuit against the city of San Francisco, arguing that the city could not force the home-sharing website to enforce city laws. Since, San Francisco has doubled-down on its proposed ordinances, including that Airbnb hosts must ...

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