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Rising Costs and Safety Concerns Shape Meetings Industry
“Salvaged Stays” Emerges as a New Hotel Trend
A new travel trend called “salvaged stays” is gaining attention in the hospitality sector. The concept involves hotels and lodgings created from restored buildings or materials, such as repurposed factories, barns, or historic structures. Travelers are drawn to the environmental benefits and the sense of history these properties offer. The approach also helps developers reduce construction waste while creating unique guest experiences. As sustainability continues to influence travel choices, many hoteliers see adaptive reuse as both a creative and practical development strategy. Read more.
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Hilton CEO Warns of Declining U.S. Tourism
The CEO of Hilton said the United States has lost a large share of global tourism over the past three decades. According to Chris Nassetta, the country’s share of inbound travel has dropped from about 10% to roughly 5%. Despite this trend, he expects the broader economy to support hotel demand in the coming years. Major global events and improved economic conditions could bring renewed travel activity. Industry leaders believe stronger tourism policies and better visitor experiences could help the U.S. regain momentum. Read more.
TGE Moves Forward With Hilton Garden Inn Tribeca Acquisition
Investment firm The Generation Essentials Group is moving ahead with its acquisition of the Hilton Garden Inn New York City Tribeca in Lower Manhattan. The property includes 151 rooms, retail space for food and beverage outlets, and amenities such as a fitness center and business facilities. The hotel sits in the Tribeca district near neighborhoods such as SoHo and Hudson Square. The company has already paid a deposit and plans to complete the purchase soon. The deal reflects continued investor interest in well-located urban hotel assets. Read more.
Milwaukee Studies $500M Convention Hotel Near Baird Center
Officials in Milwaukee are studying a potential $500 million convention hotel near the Baird Center. Early plans suggest a property with about 650 rooms along with residential and commercial space. Supporters say the project could help the city attract larger conventions, since many competing destinations already have connected convention hotels. However, the proposal is still in the early stages and would require years of planning, financing, and city approvals. Preservation concerns related to the existing theater site could also complicate redevelopment. Read more.
Rising Costs and Safety Concerns Shape Meetings Industry
New research from MMGY Travel Intelligence shows that higher costs and safety concerns are reshaping the U.S. meetings and events sector. Travel expenses and event costs remain the main barriers for attendees and planners. At the same time, crime and security risks strongly influence decisions about destinations. Even with these pressures, demand for in-person events remains strong, with most planners continuing to prioritize face-to-face meetings. Cities such as Miami, New York, and Las Vegas remain top choices for future events. Read more.
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