LODGING Staff1
STR: U.S. Hotel Occupancy Reaches 60 Percent
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached the 60 percent mark for the first time since the start of the pandemic, according to STR‘s latest data through May 22, 2021.
U.S. Hotel Occupancy Performance
Change from Comparable...
STR: U.S. Hotel GOP Reached 60 Percent of 2019 Levels in April 2021
BROOMFIELD, Colorado—Gross operating profit (GOP) for U.S. hotels reached 60 percent of the comparable 2019 level, according to STR‘s April 2021 monthly profit and loss (P&L) data release. GOP in comparison with 2019 improved...
Hospitality Companies Form Alliance to Partner with Veteran Services USA
COVINGTON, Kentucky—Commonwealth Hotels announced a strategic alliance with Radisson Hotel Group Americas and Lockwood Development Partners to acquire and jointly re-develop nine hotels across eight states in partnership with Veteran Services USA, forming a...
This Week’s Comings & Goings
Erin Green has been named senior vice president for JLL Hotels & Hospitality’s global hotel asset management team. Based in Chicago, Green is leading operator selection, asset management, and business development. Before JLL, Green...
World Cinema Launches Creative Agency CarrierWave
World Cinema (WCI), a technology provider for properties nationwide, announced its full-service creative agency CarrierWave, further highlighting WCI’s position to meet the needs of hotels, multifamily properties, student housing properties, and senior living communities....