Among the noteworthy quotes from stories this week is STR's Amanda Hite talking about why forecasts were lowered again for 2025-2026.
QUOTE OF THE WEEK
“We expect little change in the macroeconomic environment as
unemployment and prices continue to rise. As a result, our hotel performance
outlook for the remainder of this year and next were lowered once again. ADR is
growing well below the rate of inflation, which in turn will put more pressure
on margins.” – Amanda Hite, STR Read story
“I think there’s a lot of tailwind into economic activity in
the United States as we look forward. Part of that, I think, is anticipated,
and maybe driving some of the group pace that we see into next year.” – Mark Hoplamazian,
Hyatt Hotels Corp. Read story
“Marriott is aware of Sonder’s intention of a U.S.
bankruptcy filing. We have worked tirelessly to remain informed about Sonder’s
financial situation and develop action plans so that we can work to meet the
needs of our guests, which remains our priority. Sonder operates its properties
and has made independent business decisions. Marriott does not agree with
the characterizations expressed in Sonder’s release and will respond further at
the appropriate time.” – Marriott International spokesperson Read story
“We think this is the right time to be looking... We’re
going to be more laser-focused. I call it sniper-like, and we really pick off a
few things that we think have high potential. I find that liberating, frankly.”
– Deno Yiankes, Chimera Hospitality
Read story
“In Singapore’s competitive hospitality market, investors
actively seek differentiated assets and pay premiums for properties with
distinct positioning and competitive advantages. This suggests price per key
could rise further.” – Ling Wei Tan, JLL Read story
“Through heroic efforts, the city of Memphis has reached a
milestone moment with the successful purchase of the Sheraton Memphis Downtown.
This strategic investment not only preserves an essential asset but also
strengthens the foundation of our city’s convention and tourism economy.” –
Tannera Gibson, City of Memphis Read
story
“Tourism is a vital part of Jamaica’s national recovery, and
guests can feel confident that the best way to support the region is by
visiting and returning to the island they love.” – Adam Stewart, Sandals
Resorts International Read story
“If you look at 2025, we’ve all been through periods of
uncertainty. While we saw a flattening in the growth of domestic demand,
particularly in the U.S. and regionally across markets like Australia and
China, international leisure travelers continued to grow significantly in 2025.
We see that continuing into 2026.” – Chris Hartley, Global Hotel Alliance Read story