{"id":26191,"date":"2026-06-22T08:00:31","date_gmt":"2026-06-21T23:00:31","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=26191"},"modified":"2026-06-20T22:09:28","modified_gmt":"2026-06-20T13:09:28","slug":"lobin-weekly-update-049","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-049\/","title":{"rendered":"Lodging Market Weekly Update 049"},"content":{"rendered":"<style>li {margin-bottom: 10px;} h6 {border-top: 1px dashed #999999; padding-top: 15px;}<\/style>\n<p>2026\/06\/08 &#8211; 2026\/06\/21<\/p>\n<h6 style=\"color: #c00000;\"><i class=\"fa-solid fa-futbol\"><\/i> Special Briefing<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/frontofficesports.com\/u-s-hotels-still-struggling-to-fill-rooms-as-world-cup-approaches\/\" target=\"_blank\" rel=\"nofollow noopener\">World Cup Kickoff Fails to Fill U.S. Hotels<\/a><\/strong>: The 2026 FIFA World Cup kicked off on June 11, and hotel booking trends across North America&#8217;s 16 host cities diverged sharply by country. According to CoStar data, New York posted the highest U.S. booking rate at just 57% for the June 13 match date, while Mexico City and Guadalajara recorded far higher rates of 61% and 73%, respectively. The American Hotel &#038; Lodging Association reported that 70% of hotels in Dallas and Houston, and 90% in Kansas City, saw booking pace fall below expectations. CoStar characterized the tournament as &#8220;more of a rate event than an occupancy event.&#8221;   <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> Korea<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.koreatimes.co.kr\/amp\/southkorea\/society\/20260618\/overcharging-hotels-risk-losing-star-rating-under-new-rules\" target=\"_blank\" rel=\"nofollow noopener\">South Korea Raises Penalty for Hotel Price Gouging to 30-Point Grade Deduction<\/a><\/strong>: South Korea&#8217;s Ministry of Culture, Sports and Tourism revised its hotel grading evaluation standards, raising the point deduction for confirmed overcharging from 10 to 30 points. With only a 100-point gap between five-star and four-star thresholds out of a 1,000-point maximum, a single violation could now be enough to push a hotel down a tier. The revision followed controversy over price gouging by some lodging establishments during BTS&#8217;s recent Busan concerts, and also introduced more detailed evaluation criteria for room furniture, amenities, and bedding.  <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> APAC<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141671.html\" target=\"_blank\" rel=\"nofollow noopener\">AB Capital Acquires Two Hotels in Japan&#8217;s Kanagawa Prefecture<\/a><\/strong>: Hong Kong-based AB Capital, through AB Capital Fund II, acquired two hotels in Japan&#8217;s Kanagawa Prefecture: the 263-key 3S Hotel Atsugi and the 138-key 3S Hotel Hiratsuka. Both properties are connected to Greater Tokyo rail lines and were renovated under the &#8220;Shonan Sauna &#038; Stay&#8221; wellness concept between 2021 and 2024. The acquisition brings AB Capital&#8217;s Japan hotel portfolio to 14 assets; the purchase price was not disclosed.  <\/li>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141671.html\" target=\"_blank\" rel=\"nofollow noopener\">Philippine REIT MREIT Acquires 737-Key Manila Hotel<\/a><\/strong>: Philippine REIT MREIT, sponsored by Megaworld, entered the hospitality asset class for the first time by acquiring the 737-key Holiday Inn Express Manila Newport World Resorts. The deal forms part of a larger package acquisition of 12 assets from Megaworld, Travellers International Hotel Group, and Southwoods Mall, among others, as MREIT diversifies its portfolio. <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> Americas<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.costar.com\/article\/118230484\/with-three-more-luxury-hotel-deals-pending-braemar-moves-closer-to-sale-goal\" target=\"_blank\" rel=\"nofollow noopener\">Braemar to Sell Three Luxury Hotels<\/a><\/strong>: Braemar Hotels &#038; Resorts agreed to sell three luxury hotels \u2014 the Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa \u2014 for a combined $437.5 million. The sale comes as Braemar ends its advisory relationship with Ashford and transitions to a self-managed REIT, with the buyers comprising multiple entities including BRDO Property, YNTV Property, and 1776 Sarasota Associates. <\/li>\n<li><strong><a href=\"https:\/\/www.bisnow.com\/washington-dc\/news\/commercial-real-estate\/federal-government-sells-dc-old-post-office-site-134959\" target=\"_blank\" rel=\"nofollow noopener\">BDT &#038; MSD Partners Acquires Former Washington, D.C. Post Office Building<\/a><\/strong>: The U.S. General Services Administration sold the former Main Post Office Building in Washington, D.C. to BDT &#038; MSD Partners for $80 million. The 263-key property currently operates as the Waldorf Astoria Washington DC, and the deal converted a leasehold the buyers had held since a 2024 foreclosure into full fee-simple ownership. Hilton will continue operating the property under the Waldorf Astoria brand following the sale.  <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> Europe<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.hospitalitynet.org\/news\/4133007\/hvs-europe-hotel-transactions-bulletin-week-ending-12-june-2026\" target=\"_blank\" rel=\"nofollow noopener\">ADIA Acquires citizenM Roma Isola Tiberina<\/a><\/strong>: The Abu Dhabi Investment Authority, through French asset manager Petra AM, acquired the 162-key citizenM Roma Isola Tiberina in Rome&#8217;s Trastevere district for approximately \u20ac70\u201380 million. Another Star, which originally developed and later sold the citizenM brand, will continue operating the hotel under a franchise agreement. The deal extends a broader trend of Middle Eastern sovereign wealth fund investment in European urban hotels.  <\/li>\n<li><strong><a href=\"https:\/\/www.hospitalitynet.org\/news\/4133007\/hvs-europe-hotel-transactions-bulletin-week-ending-12-june-2026\" target=\"_blank\" rel=\"nofollow noopener\">Extendam and Redcliffe Capital Acquire Santorini&#8217;s Radisson Blu Zaffron Resort<\/a><\/strong>: French private equity firm Extendam and London-based Redcliffe Capital acquired the 103-key, five-star Radisson Blu Zaffron Resort on Santorini&#8217;s Kamari beach from Greek conglomerate Fais Group for \u20ac28.3 million. The resort sits in one of Santorini&#8217;s signature beachfront villages, and the buyers plan to pursue repositioning to enhance the asset&#8217;s value. <\/li>\n<\/ul>\n\t\t<div data-elementor-type=\"section\" data-elementor-id=\"22788\" class=\"elementor elementor-22788 elementor-22771\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-685e57f e-con-full e-flex e-con e-parent\" data-id=\"685e57f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b60e79 elementor-widget elementor-widget-wpforms\" data-id=\"8b60e79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpforms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpforms-container wpforms-render-modern\" id=\"wpforms-22767\"><form id=\"wpforms-form-22767\" class=\"wpforms-validate wpforms-form wpforms-ajax-form\" data-formid=\"22767\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/en\/wp-json\/wp\/v2\/article\/26191\" data-token=\"20b90b51e7787a575ccadb068549e2f7\" data-token-time=\"1783803431\"><noscript class=\"wpforms-error-noscript\">Please enable JavaScript in your browser to complete this form.<\/noscript><div id=\"wpforms-error-noscript\" style=\"display: none;\">Please enable JavaScript in your browser to complete this form.<\/div><div class=\"wpforms-field-container\">\t\t<div id=\"wpforms-22767-field_5-container\"\n\t\t\tclass=\"wpforms-field wpforms-field-text\"\n\t\t\tdata-field-type=\"text\"\n\t\t\tdata-field-id=\"5\"\n\t\t\t>\n\t\t\t<label class=\"wpforms-field-label\" for=\"wpforms-22767-field_5\" >Email Name Layout<\/label>\n\t\t\t<input type=\"text\" id=\"wpforms-22767-field_5\" class=\"wpforms-field-medium\" name=\"wpforms[fields][5]\" >\n\t\t<\/div>\n\t\t<div id=\"wpforms-22767-field_1-container\" class=\"wpforms-field wpforms-field-content\" data-field-id=\"1\"><div id=\"wpforms-22767-field_1\" class=\"wpforms-field-large wpforms-field-row\" aria-errormessage=\"wpforms-22767-field_1-error\"><h4>Sign Up for the Lodging Market Weekly Update!<\/h4>\n<p>The email and name submitted will be used only for sending the newsletter, and you can cancel your subscription at any time using the unsubscribe link in the newsletter.<\/p>\n<div class=\"wpforms-field-content-display-frontend-clear\"><\/div><\/div><\/div><div id=\"wpforms-22767-field_2-container\" class=\"wpforms-field wpforms-field-layout\" data-field-id=\"2\"><div class=\"wpforms-field-layout-rows wpforms-field-large\"><div class=\"wpforms-layout-row\"><div class=\"wpforms-layout-column wpforms-layout-column-50\"><div id=\"wpforms-22767-field_3-container\" class=\"wpforms-field wpforms-field-email\" data-field-id=\"3\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-22767-field_3\" aria-hidden=\"false\">Email <span class=\"wpforms-required-label\" aria-hidden=\"true\">*<\/span><\/label><input type=\"email\" id=\"wpforms-22767-field_3\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][3]\" placeholder=\"example@example.com\" spellcheck=\"false\" aria-errormessage=\"wpforms-22767-field_3-error\" required><\/div><\/div><div class=\"wpforms-layout-column wpforms-layout-column-50\"><div id=\"wpforms-22767-field_4-container\" class=\"wpforms-field wpforms-field-name\" data-field-id=\"4\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-22767-field_4\" aria-hidden=\"false\">Name <span class=\"wpforms-required-label\" aria-hidden=\"true\">*<\/span><\/label><input type=\"text\" id=\"wpforms-22767-field_4\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][4]\" placeholder=\"John Doe\" aria-errormessage=\"wpforms-22767-field_4-error\" required><\/div><\/div><\/div><\/div><\/div><script>\n\t\t\t\t( function() {\n\t\t\t\t\tconst style = document.createElement( 'style' );\n\t\t\t\t\tstyle.appendChild( document.createTextNode( '#wpforms-22767-field_5-container { position: absolute !important; 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2026\/06\/21 Special Briefing World Cup Kickoff Fails to Fill U.S. Hotels: The 2026 FIFA World Cup kicked off on June 11, and hotel booking trends across North America&#8217;s 16 host cities diverged sharply by country. According to CoStar data, New York posted the highest U.S. booking rate at just 57% for the June [&hellip;]<\/p>\n","protected":false},"featured_media":22813,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"tags":[127,130,88,128],"class_list":["post-26191","article","type-article","status-publish","has-post-thumbnail","hentry","tag-global-en","tag-lobin","tag-lodging-market-en","tag-newsletter-en"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"2026\/06\/08 - 2026\/06\/21 Special Briefing World Cup Kickoff Fails to Fill U.S. Hotels: The 2026 FIFA World Cup kicked off on June 11, and hotel booking trends across North America&#039;s 16 host cities diverged sharply by country. 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