LODGING Staff1
STR: U.S. Hotel Performance Down Slightly in October
HENDERSONVILLE, Tennessee—In October 2020, the U.S. hotel industry showed slightly lower performance from the month prior, according to data from STR.
U.S. Hotel Performance
October 2020 vs. October 2019
Occupancy: 48.3% (-30.1%)
ADR: $97.61 (-26.8%)
RevPAR: $47.13 (-48.8%)
Compared to...
IHG’s First voco Hotel in the Americas Opens in New York City
ATLANTA — IHG Hotels & Resorts today announced the opening of the first voco hotel in the Americas: voco — The Franklin New York. Originally built in 1930, the 50-room hotel in Manhattan's Upper...
Donohoe Hospitality Services Adds Three Properties to Management Portfolio
BETHESDA, Md. — Donohoe Hospitality Services, a division of Donohoe, recently announced the addition of three hotels to its growing portfolio: the newly built 156-guestroom Canopy Baltimore Harbor Point, Md., the 214-guestroom Hyatt Place...
Access Point Financial Secures $8.85 Million to Refinance Delta Hotel in Grand Rapids
ATLANTA — Access Point Financial, LLC, a direct lender and specialty finance company focused exclusively on the hospitality industry, recently announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the...
Updated Forecast: Travel Spending to Fall 45 Percent in 2020
WASHINGTON, D.C.—Travel spending in the United States is expected to finish the year 45 percent down from 2019 levels, and will still not have returned to its pre-pandemic strength by 2024, according to the...