Hotel owners in 11 FIFA World Cup host cities were told to expect a once-in-a-generation demand surge. The AHLA's new survey says 80% of them are watching bookings come in below forecast, and the international visitors everyone was counting on aren't coming.
Morgan Stanley just raised its price target for Pebblebrook Hotel Trust to $10 while maintaining an Underweight rating, which sounds like good news until you realize the stock is already trading 36% above that target. For the operators actually running PEB's 46 upper upscale hotels, the analyst math tells a story about what Wall Street really thinks of urban luxury exposure right now.
A seafood restaurant inside Encore Boston Harbor shut down less than a month after its staff voted 38-7 to join UNITE HERE Local 26, and the official explanation is "economic challenges." If you've ever sat across the table from a labor attorney, you already know how this story reads.
The Boston Wine Expo packed 4,000 attendees and 100 wineries into the Boston Park Plaza over a single weekend. The real story isn't the wine... it's whether your property is capturing the economics of the large-format events happening in your backyard, or just absorbing the wear and tear.
