Jason Clampet

Jason Clampet is the co-founder and Chief Product Officer at Skift.

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Daily Lodging Report

Choice Hotels Lays off Corporate Staff

Choice Hotels International is laying off 85 workers at its headquarters over the next two months.

Daily Lodging Report

New StandardX Brand Will Debut in Melbourne

The Standard International announced a new hospitality brand, The StandardX with its first hotel to be located in Melbourne, Australia, starting in February 2024.

Daily Lodging Report

Wyndham Wants No Part of Choice’s Hostile Takeover Bid

Short of taking out a billboard or skywriting, we have no idea how much more Wyndham Hotels & Resorts can do to tell Choice Hotels to go away on its bid.

Daily Lodging Report

Trip.com Reports Surge in China Inbound Travel Searches

Trip.com expects the demand for travel to China to rise in the near future, credited to the efforts made by the government and industry to facilitate travel to the country.

Daily Lodging Report

U.S. RevPAR Projected to Jump 4% in 2024

STR and Tourism Economics upped their year-over-year growth projections for ADR and RevPAR in their final US hotel forecast revision for 2023.

Daily Lodging Report

Outbound Chinese Travel Preferences Shift to Singapore, Europe and South Korea

Chinese tourists are showing decreased interest in Japan and Thailand, partly due to Japan’s Fukushima wastewater release and negative perceptions from movies about Thailand. Consequently, Singapore, Europe, South Korea, Malaysia, and Australia have become more popular destinations.

Daily Lodging Report

Marriott Is Upgrading Caribbean Properties

Marriott International announced new property enhancements, renovations and experiences from the company’s Caribbean properties.

Daily Lodging Report

U.S. RevPAR Projected to Be 14% Above 2019 Levels Next Year 

CBRE is forecasting RevPAR growth to recover in 2024 as inbound international travel further improves and sector-specific headwinds moderate.

Daily Lodging Report

RevPAR Projected to Be 14% Above 2019 Levels Next Year 

CBRE forecasts 3.0% RevPAR growth in 2024, driven by improved international travel and economic factors. Lodging stocks were mixed today with SOND biggest mover, down -12%, SHCO and AHT both down -6%, VCSA fell -5%. Various hotel projects announced, including new developments in Las Vegas and North Carolina, renovations in Nashville and Pocono Mountains, and upcoming openings in Florida and Virginia.

Daily Lodging Report

OYO Plans to Repay Debt Prior to IPO

OYO is planning to prepay a major portion of its RS 1,620 crore debt ahead of its long-planned IPO. OYO said they will prepay Rs 1,600 crore debt through a buyback process.