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A Look Ahead at 2017 Summer Travel Trends

A Look Ahead at 2017 Summer Travel Trends

The hospitality industry is gearing up for another profitable summer in 2017. From Memorial Day through Labor Day weekend, American spending is expected to surpass $98 billion, according to a new travel report from Adobe Digital Insights. However, flattening air and hotel ...

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Hotel Prices Skyrocket During Kentucky Derby Weekend

Hotel Prices Skyrocket During Kentucky Derby Weekend

With the Kentucky Derby just around the corner, the price of one-night in a hotel room during the weekend of the big race is 340 percent higher than the weekend before the race, according to hotel price comparison platform HotelsCombined. ...

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Select-Service Hotels Prove Efficient, Profitable

Select-Service Hotels Prove Efficient, Profitable

The definition of “select-service” within the lodging industry may vary from person to person, but there is no doubt that properties in this segment are the most popular among developers. Using the broadest definition of select-service, this category comprised an ...

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Why Independent Hotels Are Thriving

Why Independent Hotels Are Thriving

The data has spoken. In 2016, sweeping uptakes in occupancy, average daily rate (ADR), and revenue per available room (RevPAR) revealed that independent hotel properties outperformed their branded brethren. Now, we find ourselves at the point in the lodging cycle ...

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The Rising Cost of Rooms

The Rising Cost of Rooms

Changes in rooms revenue per available room (RevPAR) and RevPAR penetration receive a lot of attention from hotel managers. Obviously, this is because renting guestrooms is the major source of revenue across all property types in the United States. According ...

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A Look at Airport Hotels’ Solid Performance

A Look at Airport Hotels’ Solid Performance

STR counts approximately 2,300 hotels located in or near an airport throughout the United States. In 2015, these hotels had approximately 322,000 rooms available each night, with an available inventory of approximately 115 million room nights in one year. Performance ...

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