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đź’Ą Breaking Barriers: Black and Latino Hotel Ownership

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đź’Ą Breaking Barriers: Black and Latino Hotel Ownership

CBRE highlights that Black and Latino hotel ownership in the U.S. is low, with Black entrepreneurs owning less than 2% of hotels and Latinos accounting for just over 9%. This underrepresentation exists despite these groups contributing over $200 billion annually to travel spending. A major barrier is limited awareness and access to resources that support hotel ownership. Many organizations today understand the importance of boosting minority ownership and are working to close this gap through education and networking. Increasing ownership diversity can boost economic development and better serve travelers. Read more.

🤝 GCH Hotel Group Partners with Wyndham for Expansion

Germany-based GCH Hotel Group has joined Wyndham Hotels & Resorts to expand its footprint under well-known brands like Wyndham, Wyndham Garden, and Ramada. The agreement covers 13 properties and supports both companies’ growth across key European markets, especially in Germany. Read more.

🏗️ U.S. Hotel Construction Costs Expected to Rise

Hotel developers in the U.S. are bracing for higher construction costs due to inflation, labor shortages, and rising material prices. These challenges may slow down new hotel projects and affect profit margins. Many developers are reevaluating timelines and budgets to adjust to the economic pressure. Read more.

✨ Paris Designer Hotel Sold for €106M

A U.S.-based firm has successfully sold a high-end designer hotel in Paris for €106 million. The transaction signals strong investor interest in luxury hospitality assets in prime European locations. The buyer and seller remain unnamed, but the deal reflects confidence in the Paris hotel market. Read more.

📉 Canadian Travel to U.S. Declines Amid Political Tensions

A hotelier in Bellingham, Washington, reports fewer Canadian guests due to political rhetoric linked to Donald Trump. Concerns over border policies and anti-Canadian sentiment are influencing travel decisions. The impact is being felt in northern U.S. cities that typically rely on cross-border tourism. Read more.

đź’¸ MGM Raises ATM Fees to $11.99 in Las Vegas

MGM Resorts has increased ATM fees at its Las Vegas properties to $11.99, sparking backlash from travelers. The steep fee is now among the highest in the country and reflects rising operational costs. Guests are being encouraged to plan ahead or seek alternative cash options. Read more.

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