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Strong Showing in 2015 for Upper-Upscale Segment

Strong Showing in 2015 for Upper-Upscale Segment

Often offering large meeting spaces and located in desirable downtown locations, full-service, upper-upscale hotel properties had a landmark 2015. Last year, this segment of the industry showed high occupancy, had a spike in average daily rate (ADR), and drove revenue ...

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Fitch: 2016 Global Hotel Outlook Stable

Fitch: 2016 Global Hotel Outlook Stable

NEW YORK—The 2016 outlook for the global hotel industry is stable as favorable travel trends and stable financial policies should allow most issuers to operate within Fitch’s rating sensitivities, according to Fitch Ratings. Fitch expects global RevPAR growth will modestly ...

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PKF: Occupancy Will Remain High Through 2017

PKF: Occupancy Will Remain High Through 2017

ATLANTA, Ga.—U.S. hotel occupancy will remain at record levels through 2017 according to PKF Hospitality Research | CBRE Hotels (PKF-HR). In the recently released December 2015 edition of Hotel Horizons, PKF-HR forecasts that the growth in demand for lodging accommodations ...

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Transient Segment Grows as Group Bookings Decline

Transient Segment Grows as Group Bookings Decline

NEW YORK—As hoteliers prepare for the start of 2016, properties in major North American markets are experiencing strong transient (individual business and leisure) bookings, as well as upticks in average daily rates, leading to strong RevPAR (revenue per available room) ...

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