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Digital and Mobile Channels Remain Driver of Bookings

Digital and Mobile Channels Remain Driver of Bookings

NEW YORK—Hotel industry performance remains strong, with Q4 2015 revenue per available room (RevPAR) increasing 4.0 percent year-over-year, and online and mobile bookings are continuing to drive this growth. According to data from TravelClick’s North American Distribution Review (NADR; Q1 ...

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Hospitality Trends Investors Need to Track in 2016

Hospitality Trends Investors Need to Track in 2016

Despite choppy growth, the current business cycle has lasted longer than average, surpassing 78 months. In 2014 and 2015, the economic growth rate was about 2.4 percent, and it’s expected to fall within the 2 to 2.5 percent range this ...

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Luxury Segment Remains Among Healthiest in Industry

Luxury Segment Remains Among Healthiest in Industry

All is well in the U.S. luxury hotel segment. For the first 11 months of 2015, chain affiliated luxury hotels sold over 27 million room nights, resulting in 76.3 percent occupancy. This is the highest year-to-date occupancy ever recorded, pointing ...

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New Initiatives Come Out of Another Taxing Year

New Initiatives Come Out of Another Taxing Year

As we enter 2016, we look back to 2015 as a year filled with a whirlwind of activity related to tangible property capitalization policies in the hospitality industry. Financial executives and tax accountants alike wrestled with unfamiliar terms such as ...

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Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company’s limited service hotels in Manhattan totaling 1,087 ...

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Minor Hotel Group Acquires Tivoli Hotels & Resorts

Minor Hotel Group Acquires Tivoli Hotels & Resorts

BANGKOK—Minor Hotel Group (MHG), owner and operator of hotels and resorts in 22 countries across Asia Pacific, the Middle East, Europe, South America, Africa, and the Indian Ocean, has announced the completion of the final stage of its acquisition of ...

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