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Significant Supply Headed to Major U.S. Markets

Significant Supply Headed to Major U.S. Markets

DENVER—Many of the top U.S. hotel markets realized record performance figures in 2015, continuing an upward trend that has brought about an unprecedented amount of proposed hotel supply. HVS’s annual Hotel Market Connections conference series, which concluded Thursday, June 16, ...

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Clear Sailing Forecast for European Business Travel

Clear Sailing Forecast for European Business Travel

FRANKFURT, Germany—Western Europe’s business travel spending is projected to increase to $211.2 billion USD in 2016 and top out at $225.6 billion USD in 2017, 6.3 percent and 6.8 percent growth respectively. Those figures are among the key findings in ...

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Hoteliers on Alert After Q1 Occupancy Decline

Hoteliers on Alert After Q1 Occupancy Decline

ATLANTA—The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline in occupancy since the fourth quarter of 2009 according to STR. Based upon the recently released June ...

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The Developing Story: San Diego

The Developing Story: San Diego

Everybody’s seen the ads—actors, surfers, musicians, and models swimming, hiking, or lounging by a pool, all while encouraging people travel to California. These Visit California ads are having an affect in at least one city in the Golden State—San Diego. The ...

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Ashford Completes $142 Million Sale

Ashford Completes $142 Million Sale

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The 5-hotel portfolio is comprised of the ...

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