STR: P&L Data for 2022 Shows All-Time Highs in Three Metrics
HENDERSONVILLE, Tennessee—Total U.S. hotel revenues, profits, and labor costs reached an all-time high, according to STR's P&L data for 2022. With more supply in...
The Super Bowl Effect: Impact of Big Events on Room Rates in the Sun...
According to Tim Hentschel, co-founder and CEO of the travel technology company HotelPlanner, most of the hotels in Glendale, Arizona, where Super Bowl LVII...
Hilton Reports Q4 2022 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its fourth quarter and full-year 2022 results. Highlights include:
Diluted EPS was $1.21 for the fourth quarter and $4.53...
STR: Overall U.S. Weekly Hotel Performance Falls Slightly
U.S. Hotel PerformanceJanuary 29 through February 4, 2023Percentage change from comparable week in 2019Occupancy: 55.3 percent (down 7.3 percent)ADR: $145.35 (up 13.9 percent)RevPAR: $80.45...
STR: Phoenix RevPAR to Reach Second-Highest Super Bowl Weekend Level
HENDERSONVILLE, Tennessee—Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for February 10-12, which would be the second-highest level for a...
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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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