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⚡ CoStar and Hotel Chains Lawsuit
Hotel News, Updates, Analysis & More
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⚡️ Top Hotel News
⚡CoStar Group and six major hotel companies are seeking the dismissal of a February lawsuit filed by renters, which accuses them of price-fixing collusion through CoStar's database, arguing that the allegations are baseless and lack concrete evidence.
⚡Despite being affected by the August 2023 wildfires, Maui County hotels led in April 2024 RevPAR due to higher average daily rates, with RevPAR at $368 and ADR at $555, according to the Hawaiʻi Hotel Performance Report.
⚡Kempinski Hotels has appointed Barbara Muckermann as the new CEO. Previously, Muckermann led Silversea Cruises, a subsidiary of Royal Caribbean Group.
⚡On May 20, it was announced that three new IHG hotel brands—InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, and Hotel Indigo—will open in 2027 on the North Coast of Turks & Caicos in Grace Bay, marking IHG's debut in the Caribbean territory.
⚡Wyndham Hotels & Resorts has named Amit Sripathi as Chief Development Officer, reporting directly to the company's President and Chief Executive Officer, Geoff Ballotti, where he will oversee Wyndham's North American franchise sales team, assisting hotel owners in leveraging the strengths of the world's largest hotel franchise company and its renowned brands.
⚡IHG Hotels & Resorts expands its extended stay offerings in Europe with new Staybridge Suites locations in Budapest, Antwerp, and Belfast, catering to guests seeking spacious accommodations with fully equipped kitchens and convenient amenities like 24-hour fitness rooms and complimentary laundry facilities.
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