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An Overview of Roadside Property Performance

An Overview of Roadside Property Performance

Interstate properties—one of six location segments defined by STR—encompass hotels that are “in close proximity to major highways, motorways, or other major roads” and where the primary source of business is travelers passing through the area. As of July, these ...

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Shifts in Revenue and Expenses Boost Hotel F&B Profits

Shifts in Revenue and Expenses Boost Hotel F&B Profits

Consumer dining trends tend to be more volatile than lodging trends. Recognizing this, hotel managers have made some significant changes in the way they offer food and beverage service to their guests. The traditional three-meal, all-purpose restaurants and room service ...

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Miami Proves Resilient During a Year of Headwinds

Miami Proves Resilient During a Year of Headwinds

Overnight visitors to the Greater Miami area spent a record-breaking $26 billion while traveling in the destination from September 2016 to August 2017—a 2 percent increase over the same time period of the previous year. That’s according to research released ...

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Hoteliers Overestimated 2016 Performance

Hoteliers Overestimated 2016 Performance

From 2010 through 2015, U.S. hotels enjoyed above long-run average revenue and profit growth. Over the six-year period, total operating revenue increased at a compound annual growth rate (CAGR) of 5.8 percent, while gross operating profits grew at a CAGR ...

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