Top Hotel & Resort News from August 2023

by Lacey Pfalz
Last updated: 5:00 PM ET, Tue August 29, 2023

Marriott's Full-Year Profit Forecast Climbs Amid China Demand, RevPAR Growth

1/15 Marriott released its second quarter statement in August and announced that increasing revenue per available room (RevPAR) and China's increased interest in reopening to tourism is driving its growth in earnings. 

Sonesta Announces 13 New Hotel Openings During the First Half of 2023

2/15 Sonesta launched two new soft brands and celebrated thirteen hotel openings during the first half of 2023. New openings range from the Red Lion Inn & Suites Gretna in Nebraska to the Sonesta Nouba in Aswan, Egypt.

Wyndham and LuxUrban Ink Deal to Expand Trademark Collection Portfolio in the US

3/15 Wyndham Hotels & Resorts, the world's largest hotel franchising company, will add sixteen LuxUrban hotels to its new Trademark Collection by Wyndham brand later this year, according to a press release in August.

Villas of Distinction Expands Its Reach in the US

4/15 Villas of Distinction is adding properties across the United States this year, with new luxury villa rentals in states such as Oregon, Arizona and Washington. 

Hyatt Posts Fifth Consecutive Quarter of Profit

5/15 Hyatt Hotels and Resorts released its second quarter earnings statement in August. It posted its fifth consecutive quarter of profit, reporting $68 million in net income. 

Airbnb Booking Prices and Profits Continue to Rise

6/15 Vacation rentals are rising, giving Airbnb a boost as it stated in its second quarter earnings statement. It reported a 70 percent year-over-year increase in profit.

New Tempo by Hilton Brand Launches in New York City Times Square

7/15 Tempo by Hilton made its debut in early August in New York City. There are currently 34 in development, with the second hotel in the brand expected to open in Nashville. 

Paradisus by Meliá Transforms Into Destination Inclusive Resorts

8/15 Paradisus by Meliá is changing its name to focus more on the destinations in which its resorts are located. The brand is now called Destination Inclusive Resorts.

Hyatt to Open Several New Luxury & Lifestyle Hotels in 2023-24

9/15 Hyatt is growing its luxury and lifestyle brands this year and in 2024. Some notable new openings include the Thompson Houston, the Andaz Doha and the Hotel Toranomon Hills in Tokyo. 

Rental Escapes Offering Collection of Romantic Villas for Destination Weddings

10/15 Rental Escapes is adding a new way for travelers to enjoy the luxury and personalized service it promises: destination weddings! The new collection of villa rentals specializes in destination wedding offerings, providing wedding parties the planning expertise to make a great destination wedding happen.

Delta Hotels by Marriott Makes NYC Debut

11/15 Delta Hotels by Marriott New York Times Square opened this August in Times Square, offering a new 310-room hotel in the heart of the Big Apple.

IHG Launches New Midscale Brand Garner - an IHG Hotel

12/15 IHG Hotels & Resorts announced the launch of a new midscale hotel brand in August. Garner - an IHG Hotel, will offer affordable stays with complimentary breakfast in convenient locations across the nation. The first of this new brand are expected to open by the end of the year, while IHG expects the brand to grow to over 500 hotels in the U.S. in next ten years. 

Hyatt Reveals Plans for First Hyatt Studios Hotels, Expands Leadership Team

13/15 Hyatt announced its own new development plan in August with the announcement of Hyatt Studios Hotels, its first upper-midscale extended-stay brand in the Americas. 

Leading Hotels of the World Welcomes Four New Hotels this Autumn

14/15 The Leading Hotels of the World, which focuses on independent luxury hotels across the globe, welcomed four properties across the globe to its portfolio in August. The properties range from a 19th-century townhouse-turned-hotel in London to a newly opened luxury resort in Katara, Qatar. 

TV Stars Chip and Joanna Gaines to Open New Waco Boutique Hotel in November

15/15 Fans of the HGTV show, "Fixer Upper," can enjoy a new way to support Chip and Joanna Gaines this November. Their new Waco hotel, Hotel 1928, is taking reservations now and will be featured on a new special on the couple's Magnolia network.

This August, we've had lots of new about new hotel brands and rising profits from some of the largest hotel corporations in the world. Click through this slideshow to see what you might have missed in August. Want to read the full stories? Click on the link in each slide to get the full scoop. Don't want to miss a beat? Register for our TravelPulse newsletter today!

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