Lodging & Hotel

Room-nights were down about 43% in April compared with 2019 levels, he said, which was an improvement from March. The rebound was being led by domestic travel.

The deal, by the San Manuel Bank of Mission Indians, will mark the biggest Las Vegas purchase by a Native Indian tribe.

For Marriott, as for much of the travel industry, things are turning up, and pockets of opportunity are becoming clearer.

The deal will give the combined entity an enterprise value of about $2.2 billion.

Investment Management Corp. of Ontario is investing hundreds of millions in a new Harvard research campus.

Conference planners are scheduling in-person events for later in 2021, but many expect the return to pre-pandemic attendance levels to be further down the road.

Many popular destinations are using the pandemic to pivot away from mass cruise tourism.

In the first quarter, Blackstone bought hotel operator Extended Stay America, private jet operator Signature Aviation and travel firm Bourne Leisure.

Debt-burdened Hospitality Investors Trust Inc., which owns about 100 hotels, is in talks for a takeover by Brookfield Asset Management.

Extended Stay disclosed in a regulatory filing that two of the company’s own directors opposed the deal with Blackstone.