IHG Hotels & Resorts and Australian developer ALAND signed a Master Development Agreement to build 15 Staybridge Suites hotels with approximately 2,000 rooms nationwide. The first two hotels in Sydney Parramatta and Leppington will be managed by Signature Hotel Management Group.
Peachtree Group started construction on a 480-room Embassy Suites and Tempo by Hilton hotel in downtown Austin, expected to open in early 2029. The dual-branded 30-story hotel includes extensive amenities and is located near key city landmarks.
UAE hotels expect weak occupancy in Q4 2026, with full recovery projected in 2027. Travel from Europe and the U.S. is forecast to normalize by Q2 2027.