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Increasing Occupancy Rates Boost Labor Costs

Increasing Occupancy Rates Boost Labor Costs

One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses (ExPAR) for U.S. hotels during 2014. This is the greatest annual increase in ExPAR since 2007, ...

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The Developing Story: Minneapolis

The Developing Story: Minneapolis

Located on the west-most edge of the Rust Belt, Minneapolis, Minn., is in the midst of an economic and population boom. In the last year, the city’s population grew by 1 percent, adding 33,000 people to the community, according to ...

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Crowdfunding Campaign Launches for San Francisco Hotel

Crowdfunding Campaign Launches for San Francisco Hotel

NEW YORK—Synapse Development Group, a real estate investment and development firm headquartered in New York City, and its joint venture partner AQARAT (Kuwait Real Estate Company), have launched a crowdfunding campaign on the RealCrowd platform for the redevelopment of 1095 ...

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TravelClick: Advance Booking Pace Ramps Up

TravelClick: Advance Booking Pace Ramps Up

NEW YORK—As the fall season comes into full swing, hotels in major North American markets are experiencing an improved advance booking pace, as well as healthy increases in both transient (individual reservations that are made by business and leisure travelers) ...

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