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Sporadic Business Demand Increases Booking Competition

Sporadic Business Demand Increases Booking Competition

NEW YORK—As hoteliers in major North American markets round out 2016 and prepare for the New Year, the pace of new bookings, especially in the industry’s business sector, continues to decline, according to new data from TravelClick’s October 2016 North ...

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Home2 Suites Charlotte Douglas Airport Opens

Home2 Suites Charlotte Douglas Airport Opens

CHARLOTTE—Hendrick Construction completed the new Home2 Suites by Hilton adjacent to Charlotte Douglas Airport. Offering 107 suites, the hotel is designed for travelers looking for a fresh, new stay experience. “Early guest reviews have been exceptional,” said Roger Hendrick, president. ...

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Apple Leisure Group Signs 10 Deals in 10 Months

Apple Leisure Group Signs 10 Deals in 10 Months

PHILADELPHIA—Apple Leisure Group has reported that it has signed 10 resort deals over the last 10 months, growing the company’s resort brand management portfolio by 15 percent in less than one year. This follows a record-breaking 2015 for the company, ...

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Upscale Chains Experience Strong Year

Upscale Chains Experience Strong Year

The U.S. lodging industry is in the later part of the economic cycle and questions about the longevity and health of the industry are being read in editorials and heard at conferences across the country. And indeed, we at STR ...

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Beating the Budget

Beating the Budget

Hotel managers achieved the winning formula in 2015—they exceeded their budgeted revenue projections while concurrently spending less than expected to operate their hotels. The result was a 2.2 percent profit surplus compared to budget. As general managers, controllers, and directors ...

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Ashford Closes on SpringHill Suites Gaithersburg

Ashford Closes on SpringHill Suites Gaithersburg

DALLAS—Ashford Hospitality Trust has announced that it has closed on the sale of the 162-room SpringHill Suites Gaithersburg in Gaithersburg, Md. for approximately $13.2 million ($81,000 per key). The purchase price for the SpringHill Suites Gaithersburg represents a trailing 12-month ...

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