🗳️ U.S. Election Impact on Global Travel and Hotel Performance

🗳️ U.S. Election Impact on Global Travel and Hotel Performance

Typically, fewer Americans travel abroad during autumn and winter due to school schedules and the holiday season. While federal elections and the presidential inauguration rarely have a large impact on overall hotel performance, there can be slight dips in domestic travel during election week as voters stay home. However, any declines are usually offset by other demand, and data shows no major changes in year-over-year travel patterns. Read more.

Stranded Hotels: A $140 Billion Wake-Up Call

A stranded property is one that becomes economically obsolete due to failing to meet new regulatory or market expectations. For commercial real estate, this often means properties that don't comply with new energy efficiency and carbon emission standards. The scale of this issue is staggering: according to projections from the Carbon Risk Real Estate Monitor (CRREM), up to $9 trillion in US Commercial properties are expected to become stranded in the coming years. Within this alarming trend, the hospitality sector faces a particularly acute challenge. Read More on Stranded Hotels and how CIRQ+ can help.

🏗️ Empire Hotel in North Carolina Set for Restoration

The historic Empire Hotel in North Carolina is undergoing a significant restoration to bring back its former grandeur. The project aims to preserve its architectural heritage while modernizing facilities to cater to today’s travelers. Read more.

📈 U.S. Hotels Report Mixed Performance in September

U.S. hotels showed varied performance in September, with some regions seeing improvements in revenue and occupancy, while others struggled. The report highlights the ongoing challenges facing the hospitality industry as it navigates economic shifts and seasonal travel changes. Read more.

🎉 Universal Helios Grand Hotel, A Loews Hotel, Announces Opening Date

Universal Helios Grand Hotel, part of the Loews Hotels portfolio, has set its opening date on May 22, 2025. The hotel, located within Universal’s upcoming resort, promises luxurious accommodations and easy access to the theme park attractions. Bookings are open from October 22, 2024. Read more.

🤝 World of Hyatt and Peloton Partner to Reward Members for Prioritizing Wellbeing

Hyatt and Peloton have teamed up to offer World of Hyatt members new rewards for maintaining their fitness routines while traveling. Guests can earn points through Peloton activities, highlighting a trend toward wellness-focused travel. Read more.

⚜️ First Extended Stay America Premier Suites Opens in Montana

Extended Stay America has launched its first Premier Suites property in Montana. The new hotel caters to travelers seeking longer stays with enhanced amenities, such as larger rooms, modern furnishings, and a focus on comfort for extended visits. Read more.

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