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Marriott Raises 2026 Full-Year Outlook on Hotel Demand
Marriott International raised its full-year financial outlook in August 2026. The increase was prompted by improved hotel demand and operational results.
Luxury Hotel Opens in Former 1908 Nara Prison in Japan
The former Nara Prison, built in 1908 and designated a cultural property in 2017, reopened in June 2026 as a luxury hotel operated by Hoshino Resorts. The Hoshinoya Nara Prison Hotel features guest rooms converted from former cells, preserving original architectural details.
Jinmao Group Resumes Independent Operation, Renames Chongming Hotel
Jinmao Group resumed independent operation of its hotel business on August 4, 2026, rebranding its Chongming property as Shanghai Chongming Jinmao Yiyin Hotel. The move marks a strategic shift toward operating self-owned hotel brands across China.