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Data Shows Impact of Hurricane Matthew

Hurricane Matthew’s impact on hotel room night demand and average room rates was similar to Hurricane Sandy’s effect on the U.S. hotel industry in 2012. Orlando and Miami, Fla, and Charleston, S.C., were impacted most, with Orlando losing $14,500,000 in ...

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Airbnb Loses Legislative Battle, Responds with Lawsuit

Just hours after New York Governor Andrew Cuomo signed a bill into law that will fine residents who illegally host short-term rentals, Airbnb has responded by suing in Manhattan federal court. The company claims this new law violates the company’s ...

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Starwood Capital Sells Hotel Stake to China Life Insurance

Starwood Capital Group announced on Tuesday that it sold a stake in an approximately $2 billion U.S. hotel portfolio to China Life Insurance Co. Ltd., China’s largest insurance company. Following its purchase, China Life Insurance will be the lead investor ...

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Prices Drop at Trump’s D.C. Hotel

Controversies that have come to light during the U.S. presidential election are hurting the Trump brand. It was recently reported that room prices have dropped significantly at the Washington, D.C. Trump International Hotel; rooms that regularly go for $750 a ...

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