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European Hotel RevPAR Rises 3% in 2026; Banyan Tree Acquires Newmark Hotels
European hotel RevPAR rose 3% year-on-year in early 2026 with €11.5 billion in transactions, driven by increased ADR and occupancy. Banyan Tree acquired a majority stake in Africa’s Newmark Hotels, expanding its portfolio to 28 countries.
JW Marriott Opens First All-Inclusive Resort; Ritz-Carlton Naples Renovation Underway
JW Marriott opened its first all-inclusive resort in Costa Rica featuring 415 rooms and extensive amenities. Ritz-Carlton Naples began a multimillion-dollar renovation with guest access to golf courses and dining maintained.
Banff’s Rimrock Resort Completes $115M Renovation, Joins Accor Emblems Collection
The Rimrock Resort Hotel in Banff reopened on October 5, 2026, after a $115 million renovation. The hotel joined Accor’s Emblems Collection as its first North American property.