Christina Jelski
Senior Editor, Hotels and Hospitality at Travel Weekly
senior editor, hotels for Travel Weekly
Articles
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4 days ago |
travelweekly.com | Christina Jelski
Hyatt CEO Mark Hoplamazian talked about a "massive divergence by chain scale," with economic pressure increasing the further down the chain scale you go. A month ago, Hoplamazian discussed the phenomenon during Hyatt's Q1 earnings call, saying luxury and upper-upscale hotels (about 70% of Hyatt's portfolio) were outperforming the company's lower-tier hotels. Hoplamazian's comments jibed with a revised 2025 forecast from CoStar and Tourism Economics at the NYU event.
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4 days ago |
travelweekly.com | Christina Jelski
They are now forecasting a 1% increase in 2025 revenue per available room (RevPAR), down from 1.8%. For 2026, U.S. RevPAR is now projected to increase 1.5%, down from a previously forecasted 2.1%. Average daily rate is expected to grow 1.3% in 2025; zero growth is expected for hotel occupancy at 62.8%. Tariff concern is a factor, said Amanda Hite, president of hotel data specialist STR, a CoStar subsidiary. "The real problem here is the tariff situation," Hite said.
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5 days ago |
travelweekly.com | Christina Jelski
The luxury hotel will be developed through a partnership with Ford Motor Company, which acquired Michigan Central Station in 2018. The hotel will be part of The Station at Michigan Central, a former passenger rail terminal that's being redeveloped into a district that will have retail, public parks, outdoor plazas and 1.2 million square feet of commercial space across multiple restored historic buildings. According to Hilton, the project will involve a "careful renovation" of the station.
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1 week ago |
travelweekly.com | Christina Jelski
Hyatt is targeting independent properties and small hotel portfolios seeking to join a major hospitality system. Hyatt says Unscripted will have "a light-touch operating model and flexible brand standards."Unscripted will focus on conversions and adaptive reuse projects. Hyatt says it is in discussions with 40 hotels to join the collection. Hotels will be in the World of Hyatt loyalty program.
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1 week ago |
travelweekly.com | Christina Jelski
Located within Paris' 7th arrondissement, the 118-room hotel is housed in a renovated neo-Gothic building that dates back to 1899. Many of the property's accommodations feature private terraces and connecting options for families, and all rooms have stocked minibars curated via a partnership with Le Bon Marche's La Grande Epicerie de Paris food emporium. The hotel offers three signature suites with their own in-room cocktail stations.
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RT @TravelWeeklyUS: EU recommends restrictions on travel from the U.S. https://t.co/o0QIsSh8VZ
In a Monday call with investors, Hyatt CEO Mark Hoplamazian shed more light on the company's blockbuster deal to acquire ALG, which Hoplamazian asserted will catapult Hyatt to the world's top operator of luxury all-inclusive resorts in terms of room count. https://t.co/AR2rbPBf0D
Though a significant slowdown in bookings has yet to materialize, travel advisors report that the rapid spread of the delta Covid variant has raised new concerns from clients. https://t.co/ArI75R0zEr