Market Trends

📈 In Spring 2026, the Hospitality Asset Managers Association (HAMA) released its Industry Outlook Survey in Washington, D.C. 86 members participated, with nearly 60% expecting hotels to exceed budgeted RevPAR for the year. About 90% plan renovations, and 70% are pursuing acquisitions. Recession concerns dropped to 16%, down from 37% in Fall 2025. Demand, Iran War, and wage increases are top concerns. Cap Rate trends remain uncertain with mixed expectations on changes.

🏨 In Spring 2026, during the HAMA Annual Spring Meeting in Washington, D.C., 86 asset managers shared insights via a survey. Nearly 60% expect hotel RevPAR to exceed budget, with 90% planning renovations and over 70% pursuing acquisitions. Top concerns: demand, Iran conflict, and wage hikes. Recession worries dwindled to 16% from 37% in Fall 2025. Opinions on Cap Rate trends varied, with 40% foreseeing a decrease and 35% predicting an increase.

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🏨 May 7, 2026, Marriott reports a 3.5% RevPAR rise in select-service hotels in the U.S., signifying a recovery beyond luxury travel. Higher airfare costs drive more travelers to midscale properties, boosting regional stays. Luxury travel continues to grow with a 7% RevPAR. Amidst geopolitical concerns, including the Iran conflict impacting global RevPAR, Marriott remains optimistic about the FIFA World Cup. The company focuses on AI-driven search and expands its co-branded credit card business.

🏨 May 7, 2026, Dubai: Due to the Iran war, Moody's predicts hotel occupancy could plummet to 10% in Q2 2026, down from 80% in February. Dubai International Airport saw a 66% passenger drop in March. Hotels cut rates, even luxury ones, amid closures and furloughs. Government relief includes deferred fees. Recovery is slow, with occupancy staying below pre-conflict levels through 2026. Missile alerts in major UAE cities heighten travel concerns, affecting tourism.

📅 May 7, 2026: In the U.S., group travel is poised for reinvigoration, driven by business meetings, conferences, and youth sports, following 2025's instability. The U.S. Travel Association reveals private-sector meeting RFPs now exceed pre-pandemic figures, despite a dip in government-related gatherings. Key demand originates from small business travel and youth sports, particularly in regional markets. The industry expects a new growth cycle, with uneven benefits favoring markets with robust convention infrastructures.

🏠 In the U.S., developing luxury hotels now often requires a branded residence component. The redevelopment of Mandarin Oriental Miami exemplifies this trend. By 2030, the project will offer 228 residences in a 66-storey South Tower and 121 hotel rooms in a 34-storey North Tower. Early sales have already reached $1.2 billion, with two penthouses fetching nearly $50 million each. Industry leaders like Marriott, Accor, Hilton, and Four Seasons are adapting to this model, integrating residential elements to secure early capital.

🏠 In the U.S., luxury hotel developments now require branded residences. In Miami, Swire Properties' Mandarin Oriental redevelopment is emblematic, featuring a 66-storey South Tower with 228 residences and a 34-storey North Tower planned as Mandarin Oriental’s flagship hotel with 121 rooms. Completion is set for 2030, with over half of the South Tower units sold, generating $1.2 billion, including two penthouses at nearly $50 million each. Developers like Marriott and Accor are pivoting to include residences for economic viability.

🏠 In April, the 23-storey Mandarin Oriental in Miami was demolished to make way for a new development featuring 228 branded residences in a 66-storey South Tower and a 34-storey North Tower with 121 hotel rooms. Scheduled for 2030, early sales have exceeded $1.2 billion. In Dallas, Hôtel St. Germain will be replaced by a $250 million, 23-storey mixed-use tower. This trend reflects a shift towards branded residences, with developers like Accor and Hilton expanding residential pipelines.