Global hotel "conditions" don't hit everyone the same way. The big franchise companies play a global game. Most owners play a street-corner game with one asset and one set of debt terms. That gap matters. I talked with Bruce Ford (SVP, Lodging Econometrics) about the global pipeline and the economic forces shaping what actually gets built, renovated, or converted right now. I'm sharing it under hashtag#NoVacancyNews. 💸 Inflation shows up everywhere: it costs the average American family about $1,000 more this year, and it costs about 25% more to run a hotel now than at the start of the pandemic 🏦 Debt still drives decisions: even when rates move, owners still have to make the math work on acquisitions, renovations, and conversions 🔧 The world leans hard into existing assets: Bruce sees about 2.5x more renovations/conversions globally than rooms under construction for new hotels 🏷️ Brands push harder on PIPs and standards again, and owners push to monetize every revenue dollar per square foot 🏨 We zoom out on what "global" means for the majors: pipeline scale, brand portfolios, and why Hilton/Marriott/IHG think differently than a single-property owner ✨ Then we hit the fun part: what the global pipeline says about luxury, lifestyle, extended stay, dual-branding, and where the big flags grow next Thanks to Actabl for supporting this episode. Actabl gives you the power to profit. Visit Actabl.com.