Hotels Keep Expanding. Can Profits Keep Up?
US, Oct. 17 -- A $250 million hotel financing deal in Morocco, Marriott's City Express debut in India, new adults-only retreats in the Dominican Republic, and leadership changes in Dubai helped shape the past seven days in hospitality. Behind the announcements, hotel owners are wrestling with rising costs-and a growing question: who will recommend their property when travelers ask artificial intelligence where to stay?
From a modest highway hotel to a California resort refinancing, this week's news offers a useful reminder: hospitality growth comes in many sizes.
Morocco: $250 million backs a bigger hotel ambition
One of the week's substantial financing announcements came from Pickalbatros Hotels & Resorts, the group founded and chaire...
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