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U.S. Hotel Performance Mixed in June, CoStar Reports
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🔄 Red Roof Upgrades Payments with FreedomPay Integration
Red Roof has partnered with FreedomPay to implement a unified payment system across its more than 700 U.S. hotels. The cloud-based platform offers enhanced security, flexible payment options, and streamlined transaction processing for guests and franchisees. Read more.
📊 U.S. Hotel Performance Mixed in June, CoStar Reports
From June 15 to 21, the U.S. hotel industry recorded steady year-over-year growth, according to CoStar. National occupancy reached 70.5%, up 1.3%, with ADR rising to $163.77 and RevPAR climbing 3.3% to $115.39. Among top markets, San Francisco led with strong gains in both occupancy (+17.2%) and RevPAR (+26.7%), while Boston posted the highest ADR at $276.12. Las Vegas, however, saw declines across key metrics, including a 12.6% drop in occupancy. The data highlights uneven trends, shaped by regional travel patterns and shifting demand for group bookings. Read more.
💥 Hyatt Sells Playa Real Estate to Tortuga for $2 Billion
Hyatt Hotels has agreed to sell the real estate portfolio of Playa Hotels to Tortuga Resorts for $2 billion, as part of its shift toward an asset-light model. The sale covers 15 resorts in Mexico, Jamaica, and the Dominican Republic. Hyatt had acquired Playa for $2.6 billion including debt and will retain operations through long-term management agreements. The net cost for Hyatt, after the asset sale, stands at $555 million. The deal with Tortuga is expected to close by the end of 2025, pending regulatory approval in Mexico. Read more.
🌟 More British Tourists Choose Canada Over the U.S.
Canada has seen a 13% rise in arrivals from British travelers compared to the same period in 2024. The increase is believed to be influenced by recent political changes in the U.S., prompting some travelers to opt for Canada instead. With its natural beauty and reputation for safety, Canada is becoming a preferred destination for those seeking an alternative to American city breaks. Read more.
⚡ Hotel Bourré Bonne Opens in Downtown Louisville
The new Hotel Bourré Bonne, part of Hilton’s Curio Collection, has debuted in Louisville with 168 rooms, rooftop dining, and design inspired by bourbon heritage. Located near Whiskey Row and downtown venues, it aims to offer a modern yet locally rooted guest experience. Read more.
🎉 TownePlace Suites by Marriott Opens in Ventura, California
TownePlace Suites by Marriott Ventura Oxnard has opened a 121-suite property managed by DKN Hotels. The hotel features fully equipped kitchens, a fitness center, outdoor courtyard, pool, and flexible meeting space near shopping, beaches, and Channel Islands Harbor. Read more.
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