STR: U.S. Hotel Performance Improves From the Previous Week
HENDERSONVILLE, Tennessee—U.S. hotel performance improved from the previous week, according to STR's latest data through May 14, 2022.
U.S. Hotel Performance
May 8-14, 2022
Percentage change...
Hotel Property Taxes: An Opportunity to Cut Costs
According to the March 2022 edition of CBRE’s Hotel Horizons national forecast report, the total revenue for a typical U.S. hotel is not expected...
Cost Control: Hotels Continue Adjusting Approach to Labor Costs
The pandemic has affected all aspects of hotel operations, including cost allocation and staffing practices. With labor remaining a moving target for the industry,...
STR: Weekly U.S. Hotel Occupancy Declined While ADR Increased
HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR's latest data through May 7,...
Fluctuating Fees: The Impact of the COVID-19 Industry Recession on Management Fees
Hotel management contracts typically include two primary components of compensation for the management company—a base fee and an incentive fee. The base management fee...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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