Construction, leisure & hospitality jobs rebounded in March
The leisure and hospitality industry bounced back in March, adding 280,000 jobs to the economy as hotels, restaurants and...
hotels
The Latest
Travel roars back — and summer rentals book up
Whether it’s to reunite with grandparents or an escape from work-from-home, Americans have set their sights on summer travel...
Miami
Waldorf Astoria Miami, planned as the tallest resi tower south of Manhattan, launches sales
The developers of Waldorf Astoria Residences Miami, planned as the city’s tallest residential tower at 100 stories, are launching sales, The Real Deal has...
Sluggish hotel market showing signs of life
Hotels are receiving an injection of new guests as more Americans receive the Covid-19 vaccine and consider traveling again. U.S. hotel occupancy hit 49 percent in the week ending March 6, its highest level...
Leisure, hospitality big winners in February job gains
Leisure and hospitality may finally be on the road to recovery. The industry added 355,000 jobs in February, as...
Hotel stocks went bonkers in February
Hotel investors can rest a little easier at night. Robust gains in February put share prices of publicly traded hotel companies back up to pre-Covid levels, a year after the pandemic sent valuations into...
Electra America, AKA launch $500M hotel fund
A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment...
Insights
US hotel market had worst year since the Great Depression
The coronavirus pandemic made 2020 the worst year for the U.S. hotel market since the Great Depression, when occupancy...
Marriott’s “most challenging year” ever ends with $267M loss
It’s been a tough week for Marriott International. The company’s CEO, Arne Sorenson, died Monday after a battle with...
Tri-State
Trump Plaza in Atlantic City is demolished
This is the way the casino ends. Not with a bang but a whimper. An auction to detonate the former Trump Plaza Hotel and Casino in Atlantic City didn’t happen, but tickets to watch...
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