Hospitality, Travel & Events

Orlando – October 30, 2026 -- Sam Nazarian, founder, chairman and CEO of sbe Entertainment Group, will open the second day of INSPIRE 2026 on December 16 with a session on "luxury longevity hospitality" at the JW Marriott Orlando Bonnet Creek Resort & Spa.

Nazarian takes the Encore Summit Stage on December 16

The International Luxury Hotel Association (ILHA) announced that Nazarian, who also founded The Estate, will hold an in-person conversation with ILHA Co-founder Jonathan Edelheit. The session is titled "Longevity: The Next Frontier of Luxury."

The agenda has three points: why longevity is the new luxury, how to extend the guest relationship beyond the stay through residential real estate and urban longevity clubs, and where owners and investors see opportunity in the longevity economy.

Jay, Oklahoma – October 29, 2026 -- America's Outdoor Adventure Park, relaunched from a shuttered off-road park, reached $6 million in revenue in 2026 and is midway through a $30 million build, according to founder and CEO Lorenzo Ayres, who has launched LorenzoAyres.com to document his investing and operating approach.

Ayres turned a revenue-less park into a $6 million resort operation

In 2025, Ayres acquired MidAmerica Outdoors, a shuttered off-road park in Jay with no meaningful revenue and amenities in disrepair. The park generated $1.5 million in its first year under his ownership. After he repositioned it as an all-inclusive resort, revenue reached $6 million in 2026. Ayres expects the operating business to finish the year above that figure.

Organic video content from the park has drawn more than 250 million views, reached more than 100 million people, and built an audience of nearly 1 million followers across platforms.

Munich – October 29, 2026 -- Arrivals from China in Germany are forecast to rise 178% between 2026 and 2036, the steepest increase among major source markets, according to a new Accor tourism study based on Tourism Economics projections.

Other Asian markets follow closely. South Korea is expected to grow 94%, Japan 92% and India 84% over the same period.

International overnight stays in Germany to grow 29% by 2036

Demand from Asia-Pacific could climb 111%, while the Middle East is projected to rise 112%. Total tourist overnight stays in Germany are expected to increase 24%, with domestic guests contributing a 22% gain.

Spending by international guests to outpace volume with a 75% rise

Total spending by international visitors is forecast to grow 75% by 2036, well ahead of the 29% increase in their overnight stays. Category forecasts:

Munich/Freising – October 29, 2026 -- Construction of the Munich Arena, a privately financed concert venue with an investment volume of more than €400 million, began with a ceremonial groundbreaking on October 28, 2026. The 20,000-capacity arena is scheduled to open in 2029 next to Munich Airport.

Bavarian Minister-President Markus Söder, Freising Mayor Monika Schwind, Live Nation GSA Managing Director Marek Lieberberg and Munich Arena Managing Partner Lorenz Schmid turned the first symbolic spade. The ceremony follows a multi-year planning and approval phase.

Deloitte projects €355 million in annual gross value added for the region

A Deloitte study expects macroeconomic effects of about €390 million during planning and construction. After opening, Deloitte forecasts annual gross value added of about €355 million for the Munich region.

LAS VEGAS – October 29, 2026 -- MGM Resorts International (NYSE: MGM) cut its third-quarter net loss to $17 million from $285 million a year earlier, even as consolidated Adjusted EBITDA fell to $403 million from $506 million on lower Las Vegas room rates and weaker regional profit.

Consolidated revenue for the quarter ended September 30, 2026, was $4.2 billion, down 1%. Diluted loss per share was $0.07 versus $1.05 in the prior-year quarter. Adjusted EPS swung to a loss of $0.11 from a profit of $0.24.

Las Vegas Strip segment EBITDAR drops 12% on softer room rates

Las Vegas Strip Resorts generated $2.0 billion in revenue, down 2%. Segment Adjusted EBITDAR fell to $531 million from $601 million. CEO Bill Hornbuckle said lower third-quarter room rates hit results but that "October has rebounded favorably." He added that trailing-twelve-month Strip Adjusted EBITDAR has grown nearly 70% since calendar 2019.

HONG KONG – October 29, 2026 -- MGM China Holdings (SEHK: 2282) reported record third-quarter revenue of approximately HK$8.9 billion, up 5% year-on-year, and adjusted EBITDA of approximately HK$2.4 billion. Both figures are all-time highs for any third quarter, according to unaudited results for the three months ended September 30, 2026.

MGM China lifts Macau market share to a record 17.1%

MGM COTAI took a 10.5% share and MGM MACAU 6.6%. Daily visitation across the Company's properties rose 10% year-on-year, and daily gross gaming revenue (GGR) increased 5%. Mass GGR, including slot operations, also grew 5%. Occupancy reached 94.1%, up from 93.5% a year earlier.

Broomfield, Colo. – September 28, 2026 -- Vail Resorts, Inc. (NYSE: MTN) reported fiscal 2026 net income of $147.5 million, down from $280.0 million a year earlier, as the western U.S. ski industry endured what CEO Rob Katz called one of the most challenging winters in history.

Resort Reported EBITDA falls 11.7% to $745.7 million on weather losses

Full-year Resort Reported EBITDA declined $98.5 million to $745.7 million, including $11 million in one-time costs tied to the company's resource efficiency transformation plan. Resort Net Revenue fell $131.9 million, or 4.5%, driven by historically low snowfall and snowpack in the Rockies and Tahoe regions. Total lift revenue dropped 3.5% even as visitation fell 13.4%, cushioned by a 3.9% increase in pass revenue. In Australia, cumulative snowfall during the fourth quarter came in roughly 57% below the 10-year average, pressuring visitation despite growth in Australian pass sales.

Dallas – – September 29, 2026 -- Topgolf is replacing its legacy event menu with four new chef-driven buffet concepts and increasing buffet frequency to one station per 30 guests, up from one per 50, in its first major events-program update in recent years.

Four new buffet concepts replace fixed-price legacy menu

The new lineup includes Modern Mediterranean (build-your-own salad and bowl bar with chicken shawarma and grilled steak), Cantina Kitchen (a southwest taco and nacho bar with chicken tinga and fajita beef), Taste of Topgolf (sliders and Roman-crust pizza with vegetarian options) and Chef's Table, a premium entrée menu featuring beef tenderloin and herb salmon for executive events. Planners can add à la carte proteins, sliders, sides and whole pizzas, including gluten-friendly, vegan and vegetarian options.

BELGRADE – October 29, 2026 -- Specialised Expo 2027 Belgrade expects more than four million visits, over 140 international participants and 8,000 events when it opens on 15 May 2027, with 200 days left on the countdown.

Seven exhibition halls take shape at the Surčin site

Construction is progressing across seven exhibition halls at the Surčin exhibition site. Pavilion spaces are scheduled for handover by 1 December. Organisers are also preparing transport, security and visitor services.

The exhibition runs from 15 May to 15 August 2027 under the theme "Play for Humanity: Sport and Music for All".

Organisers plan 50,000 business meetings and 175 business events

The programme includes around 50,000 business meetings and more than 175 business events. Organisers say these are designed to help companies of all sizes establish international partnerships.

McLean, Va. – October 29, 2026 -- Hilton (NYSE: HLT) will move the listing of its common stock to Nasdaq, with trading under the existing ticker HLT starting at market open on Nov. 5, 2026.

Shares will keep trading on the New York Stock Exchange until market close on Nov. 4, 2026. Shareholders do not need to take any action. Hilton said the transfer does not change its business strategy or capital allocation priorities.

Hilton cites growth from 10 brands to 28 since its 2013 return to public markets

Hilton returned to public markets in 2013 after private ownership by Blackstone Inc. At that point it operated 10 brands and about 4,100 hotels in 90 countries and territories. It now runs 28 brands and more than 9,400 properties in 144 countries and territories, with nearly 1.4 million rooms.