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South Korea Company Plans Record-Breaking Sale

In one of the most prominent public offerings since late 2015, South Korea’s Hotel Lotte has planned a share sale next month worth up to $5.7 trillion. The hotel will be listed in an effort to simplify the ownership structure ...

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Texas Has Largest Pipeline in U.S.

According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), Texas has the largest pipeline of any state with 673 projects/72,747 rooms. Houston, Dallas, and Austin account for 55 percent of all hotel development in Texas ...

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Fitch Ratings Predicts Twilight of Upcycle

Fitch Ratings’s mid-year lodging outlook shows the U.S. lodging industry approaching the twilight of an upcycle that began in 2009, with positive RevPAR increases in the last 68 months. Lodging demand growth is declining, but U.S. GDP is accelerating. To watch ...

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How Will Overtime Rule Impact Hoteliers?

Today, it was announced that millions of more Americans will qualify for overtime pay under a final Labor Department regulation. According to The Wall Street Journal, the rule will increase the annual salary threshold that typically determines who qualifies for ...

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Chinese Travel to U.S. Accelerates

Nearly 5 million Chinese travelers are forecast to visit the U.S. each year by 2020, with an annual growth rate of about 13 percent during the next five years, making China the largest international source market for the U.S., excluding ...

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Is Consolidation the New Norm for Boutiques?

Consolidation in the boutique and lifestyle hotel space has been gaining traction ever since InterContinental Hotels Group acquired Kimpton Hotels & Restaurants in early 2015 for $430 million. Since then, Commune Hotels & Resorts—the product of a 2011 merger between ...

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