January 29, 2025

🏨 U.S. hotel industry forecast for 2025: ADR +1.6%, RevPAR +1.8%, occupancy up to 63.1%, indicating steady growth. Economic stability with low unemployment, slowing inflation, and solid business investment contributes to the positive outlook. High-end hotels expected to lead performance. Trade and immigration policies could pose risks to inbound travel. Labor costs stabilize, GOP margins improve slightly. Growth in group and business travel anticipated, F&B departments to see high growth rates.

🏨 Hospitality Ventures Management Group (HVMG) launches Elevate Renovations + Development, an Atlanta-based firm offering development, project management, and advisory services to the hospitality industry. For over 20 years, HVMG has managed projects for over 65 hotels. Elevate's recent work includes a $19.6 million renovation of The Darwin Hotel, completed in 9 months, earning two Gold Key Awards in 2023. The new entity expands HVMG's services beyond its portfolio to meet growing demand.

```html 🏨 In 2024, major hotel groups including Hyatt, Hilton, Choice Hotels, Marriott, and Radisson expanded globally. Hyatt plans 30+ new properties for 2025, adding to its 138,000-room pipeline, with Q1-Q4 openings across various brands. Hilton added over 973 hotels and 100,000 rooms, the largest annual increase in its history, and boasts a pipeline of 3,600 hotels with 498,500 rooms. Choice Hotels opened 61 extended stay hotels in 2024 and aims for upscale and midscale growth. Marriott added over 120,000 rooms, with a pipeline of 577,265 rooms across 3,766 properties, and signed 1,200 deals representing 162,000 rooms. Radisson added nearly 40,000 rooms and retained its upscale segment lead in Europe for the 13th year, with nearly 70 Radisson Collection hotels and significant openings in Paris and Madrid. ```

🏨 Hospitality ON has mapped new hotel openings worldwide over the last 10 days, including hotels from groups, chains, and networks. The color-coded map indicates hotels that opened this week (yellow), announced openings for later in the year (blue), rebranded reopenings (green), and newly signed projects slated to open in the future (orange).