05 May
Travel

Hotel Lenders Rush Back In Even With Growing Labor Shortage Crisis

Engin_Akyurt / Pixabay

The active hotel lender market is throttling back to pre-pandemic levels. Labor is a different story. Engin_Akyurt / Pixabay

Skift Take: Hotels face massive worker shortages this summer, but investors don’t care and still want to buy up assets. Chalk this up to taking the long view and hoping hotels find a way to win back workers from other industries.

— Cameron Sperance

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05 May
Travel

Hotel Brands Want to Be in Mexico But Investors Look Elsewhere

Michelleraponi / Pixabay

Relatively strong pandemic performance in Mexico may attract brands, but investors want the discounted pricing that comes with a troubled asset. Michelleraponi / Pixabay

Skift Take: The large supply of independent hotels in Mexico is a massive opportunity for companies like Marriott and Hilton to quickly beef up their portfolios without the drawn-out process of new construction. Investors, however, will likely favor markets that performed worse during the pandemic.

— Cameron Sperance

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05 May
Travel

Wyndham Returns to Profits on Swelling Domestic Demand in U.S. and China

Wyndham Hotels & Resorts

Wyndham reported a $29 million first quarter profit thanks to strong domestic demand in the U.S. and China. Wyndham Hotels & Resorts

Skift Take: Many hotel companies shouldn’t expect to replicate Wyndham’s early financial success. Global companies like Accor and Hyatt have to grapple with business-oriented hotels in urban markets — areas which are still struggling from pandemic restrictions.

— Cameron Sperance

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