Hospitality, Travel & Events

Athens – October 30, 2026 -- Bilateral goods trade between Serbia and Greece reached €883.9 million in 2025, according to Serbia's Ministry of Internal and Foreign Trade. Organizers of EXPO 2027 Belgrade used that figure as the backdrop for a B2B networking event in Athens bringing together Greek and Serbian business and tourism representatives.

EXPO 2027 Belgrade targets Greek partners ahead of the May 2027 opening

Igor Kovačević, Chief Operating Officer of EXPO 2027 Belgrade, presented the exhibition, billed as the first specialized World Expo in the Western Balkans. Dimitrios Skalkos, Greece's Commissioner General for EXPO 2027, took part in the press conference. A panel discussion with Marinos Giannopoulos followed.

Kovačević said he is confident the event will be delivered successfully. He pointed to a 93-day programme designed to bring together countries, companies and people.

BROOMFIELD, Colo. – October 30, 2026 -- Vail Resorts' board is urging shareholders to back all nine of its director nominees and reject four candidates put forward by Oasis Management, arguing the activist slate would put a 17-month turnaround at risk ahead of the Dec. 14, 2026 Annual Meeting of Stockholders.

The NYSE-listed operator (MTN) has filed its definitive proxy statement with the U.S. Securities and Exchange Commission. Holders of record as of Oct. 19, 2026 are entitled to vote. The board is asking for votes on the WHITE proxy card.

Austin – October 30, 2026 -- Summit Hotel Properties, Inc. (NYSE: INN) has appointed Mike Nieves as Executive Vice President and Chief Financial Officer and promoted Adam Wudel to Executive Vice President and Chief Operating Officer, both effective November 1, 2026.

Nieves moves from PENN Entertainment to run Summit's finance function

Nieves joins from PENN Entertainment, Inc., where he was Senior Vice President of Finance and Treasurer. He oversaw investor relations, capital markets, FP&A, treasury and risk management at the publicly traded gaming, entertainment and hospitality company.

Earlier, he was a Director in JLL's M&A and Corporate Advisory group, advising on dispositions, strategic transactions and capital raising in real estate. Before that, he was a Vice President in Citigroup's Real Estate and Lodging Investment Banking Group, and he started his career as a corporate lawyer at Willkie Farr & Gallagher.

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.