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Marriott Scales Back 2025 Revenue Forecast Amid Government Spending Cuts
2025-05-07 18:52:46| Hotel Resource
According to Reuters, Marriott International has reduced its full&year room revenue forecast due to uncertainties caused by tariffs and federal spending cuts under President Donald Trump's administration, resulting in decreased demand.
Category:
Hospitality
LATEST NEWS
Mercure Rockhampton Hotel in Queensland and Adjoining Land Listed for Sale
2025-05-07 18:19:09| Hotel Resource
Due to increasing interest in regional Queensland investment opportunities, the Mercure Rockhampton hotel and an adjoining development site will be listed for sale later this month. CBRE Hotels, on behalf of Fifty Group, is managing the sale.
Category:
Hospitality
HVS Asset & Hotel Management Renews Contract for Woodmark Hotel & Still Spa in Kirkland, Washington
2025-05-07 18:14:48| Hotel Resource
HVS Asset & Hotel Management announced the renewal of its hotel&management agreement with the Woodmark Hotel & Still Spa. This assignment continues HVSs operation of the property since 2022.
Category:
Hospitality