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New Supply Does Not Hurt Extended-Stay

The fastest increase in new room supply did not put a damper on extended-stay, as first quarter 2016 room revenues rose 10.8 percent compared to the same period in 2015. This was the second largest first quarter gain in 10 ...

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Study Reveals Top Cities, States for Group Bookings

HotelPlanner.com recently studied the top cities and states booked by event planners, focusing on group travel. The top city for group travel is Las Vegas, followed by Orlando and Chicago. HotelPlanner.com predicts a 30 percent increase in all types of leisure ...

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What Do Americans Think of Airbnb?

Airbnb is worth an estimated $25.5 billion, but according to a new report from The Pew Research Center, only 11 percent of American adults have used homesharing services to stay overnight in a private residence. The study surveyed 4,787 adults ...

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Hoteliers Consider Overtime Rule Impact

Like many other employers across the country, the hotel industry reacted this week to the Department of Labor’s final rule, which will double the pay threshold under which salaried workers must be eligible for overtime, to $47,476 a year. While ...

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South Korea Company Plans Record-Breaking Sale

In one of the most prominent public offerings since late 2015, South Korea’s Hotel Lotte has planned a share sale next month worth up to $5.7 trillion. The hotel will be listed in an effort to simplify the ownership structure ...

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Texas Has Largest Pipeline in U.S.

According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), Texas has the largest pipeline of any state with 673 projects/72,747 rooms. Houston, Dallas, and Austin account for 55 percent of all hotel development in Texas ...

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