NEW YORK—The U.S. lodging upcycle remains solidly intact notwithstanding the litany of concerns that have overtaken investor sentiment this year, according to Fitch Ratings. Falling stock prices (since January), selected guidance cuts (late summer), weak August industry RevPAR data, and ...
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NEW YORK—An updated lodging forecast released today by PwC US expects revenue per available room (RevPAR) growth in 2015 to be driven more by occupancy than previously expected, as average daily rate (ADR) growth continues to look for a firm ...
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NEW YORK—As hoteliers prepare for the holiday season and head into the new year, hotels in major North American markets are experiencing a strong, improved ADR (average daily rate) performance, according to new data from TravelClick’s October 2015 North American ...
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ORLANDO—Xenia Hotels & Resorts, Inc. has announced that it has sold the 656-room Hyatt Regency Orange County in Garden Grove, Calif. for a price of $137 million. The sale price represents an 11.8x multiple on the hotel’s 2015 forecast EBITDA ...
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Operating conditions in the top hotel markets in the United States have soared, with occupancies, room rates, and revenue per available room (RevPAR) all reaching new heights. According to data from STR Global, New York City hotel occupancies measure more ...
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BOSTON—Hotel spa departments continue to contribute to the revenue and profit growth of U.S. hotels. According to the 2015 edition of Trends in the Hotel Spa Industry, hotel spa department revenues increased by 5.1 percent in 2014, while spa department ...
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