It's becoming clearer that 2017 has gone down as one of the worst and most challenging years for U.S. tourism in recent memory. In 2018, many destinations will likely step…

It’s becoming clearer that 2017 has gone down as one of the worst and most challenging years for U.S. tourism in recent memory. In 2018, many destinations will likely step up their marketing of discounted options to get more foreign feet and spending power through their doors.
-Dan Peltier

10 Must Reads for the CRE Industry Today (January 10, 2018)

Circuit City says it will relaunch online next month and eventually open showrooms, CNBC reports. The initial public offering of Howard Lutnick’s real estate firm flopped last month, the Wall…

Circuit City says it will relaunch online next month and eventually open showrooms, CNBC reports. The initial public offering of Howard Lutnick’s real estate firm flopped last month, the Wall Street Journal reports. These are among today’s top must reads from around the commercial real estate industry.

NH Hotels may have turned down this approach, but it has not closed the door on others. And with minority shareholder HNA Group looking to raise cash, it wouldn't be…

NH Hotels may have turned down this approach, but it has not closed the door on others. And with minority shareholder HNA Group looking to raise cash, it wouldn’t be a surprise to see another offer sooner rather than later.
-Patrick Whyte

Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced the sale of the 289-room Marriott Philadelphia and the 464-room Marriott Quincy for a combined gross sale price of $139.0 million, or…

Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced the sale of the 289-room Marriott Philadelphia and the 464-room Marriott Quincy for a combined gross sale price of $139.0 million, or approximately $184,600 per key.

It's nice for Lufthansa Group to be Europe's second-largest airline by traffic. It's even better that it carries more passengers than Ryanair. But we're guessing the airline company would prefer…

It’s nice for Lufthansa Group to be Europe’s second-largest airline by traffic. It’s even better that it carries more passengers than Ryanair. But we’re guessing the airline company would prefer another moniker: Europe’s most profitable carrier.
-Brian Sumers

JetBlue said it is delaying decisions on its narrow-body, 100-seat aircraft because of the murky plans of manufacturers Airbus, Boeing, and Embraer. But it may also be debating if the…

JetBlue said it is delaying decisions on its narrow-body, 100-seat aircraft because of the murky plans of manufacturers Airbus, Boeing, and Embraer. But it may also be debating if the revenue benefits are worth the fleet’s costlier operation than other types of aircraft.
-Sean O’Neill

Los Angeles Welcomes Record 48.3 Million Visitors in 2017

LOS ANGELES--(BUSINESS WIRE)--Los Angeles Mayor Eric Garcetti and Los Angeles Tourism & Convention Board (L.A. Tourism) President & CEO Ernest Wooden Jr. today announced Los Angeles welcomed 48.31 million visitors…

LOS ANGELES–(BUSINESS WIRE)–Los Angeles Mayor Eric Garcetti and Los Angeles Tourism & Convention Board (L.A. Tourism) President & CEO Ernest Wooden Jr. today announced Los Angeles welcomed 48.31 million visitors in 2017, setting a new tourism milestone for the seventh consecutive year. The record figure is 1.0 million visitors higher than 2016’s total, an increase of 2.2%, driven by an all-time high of 41.2 million domestic visitors. International visitation overall grew 0.9% to a rec

Los Angeles Welcomes Record 48.3 Million Visitors in 2017

LOS ANGELES--(BUSINESS WIRE)--Los Angeles Mayor Eric Garcetti and Los Angeles Tourism & Convention Board (L.A. Tourism) President & CEO Ernest Wooden Jr. today announced Los Angeles welcomed 48.31 million visitors…

LOS ANGELES–(BUSINESS WIRE)–Los Angeles Mayor Eric Garcetti and Los Angeles Tourism & Convention Board (L.A. Tourism) President & CEO Ernest Wooden Jr. today announced Los Angeles welcomed 48.31 million visitors in 2017, setting a new tourism milestone for the seventh consecutive year. The record figure is 1.0 million visitors higher than 2016’s total, an increase of 2.2%, driven by an all-time high of 41.2 million domestic visitors. International visitation overall grew 0.9% to a rec