The global hospitality sector received a substantial financial boost this morning as CoStar Group and Tourism Economics issued an aggressive upward revision to their baseline hotel industry projections.
The global resort landscape is undergoing a rapid evolution as Hilton Worldwide announced the formal launch of an expansive, multi-destination all-inclusive luxury portfolio spanning the Caribbean basin.
The domestic lodging sector has recorded an exceptional wave of year-over-year growth, driven by a powerful convergence of corporate group bookings and major international sporting events.
The U.S. hotel industry received a massive boost of optimism following a major upward revision to the national hospitality market forecast.
Leading hospitality data providers have significantly adjusted their financial performance projections upward for the domestic lodging market, citing stronger-than-expected consumer resilience.
In a major operational realignment within the Caribbean basin, Meliá Hotels International has announced the immediate termination of all management, marketing, and brand-licensing agreements for 15 hotel properties located across the Republic of Cuba.