IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announced a partnership with Mastercard’s Priceless Planet Coalition to turn guest spending into support of reforestation projects around the world. During the month of October, IHG will donate $2, the approximate cost of growing one tree, to Conservation International for their tree restoration work, for any transaction of $50 or more on a Mastercard card at select IHG-branded properties in the US*. Guided by Conservation International and World Resources Institute, the Priceless Planet Coalition is a program that unites corporate sustainability efforts and engages businesses and consumers to take collective actions to fight climate change. This partnership is estimated to help restore 1.5 million trees globally in places such as Brazil, Madagascar, and the US. (Appalachia).
W Sydney announces Darling Harbour debut on Thursday 12 October, 2023
W Sydney announced today that the hotel will open its doors on Thursday 12 October 2023. Having already made its mark on Darling Harbour with its iconic curved architecture, W Sydney will energise the city when it opens, seamlessly blending the luxury liberated W Hotels DNA with Sydney and Australia’s cultural touchstones to create an all-encompassing day-to-night dining and social destination and a sleek retreat.
Baird/STR Hotel Stock Index jumped 15.8% in October
The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%.
U.S. hotel results for week ending 22 October
U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 22 October.
U.S. hotel results for week ending 15 October
U.S. hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR‘s latest data through 15 October.
U.S. hotel results for week ending 1 October
As expected with the Rosh Hashanah holiday, U.S. hotel performance dropped from the previous week and showed mixed comparisons with 2019, according to STR‘s latest data through 1 October.
