Lodging Daily News

WASHINGTON—As expected, U.S. hotel performance was lower than the previous week, but year-over-year comparisons were improved, according to CoStar’s latest data through Sept. 30, 2023. U.S. Hotel Performance September 24-30, 2023 Percentage change from comparable week in 2022:Occupancy: 66.7 percent (up 0.8 percent)ADR: $157.89 (up 4.6 percent)RevPAR: $105.31 (up 5.4 percent) Occupancy was up year over year on the positive side of the Rosh Hashanah calendar shift. At the same time, the Yom Kippur observance

NEW YORK—SevenRooms announced the launch of a new solution for restaurants: Revenue Management. The product serves as an engine for operators to generate sales and profitability from the same seats, using data science to recommend how to optimize availability and increase table usage. Inspired by effective revenue management strategies long-used by the travel industry, Revenue Management extends this practice to the restaurant industry. The product automates these processes without the need for analysts, additional staff,

PARSIPPANY, New Jersey—Wyndham Grand announced it’s taking reservations for its newest resort, the 422-room all-inclusive Wyndham Grand Barbados, Sam Lord’s Castle Resort & Spa. The ocean-front hotel marks Wyndham Hotels & Resorts’ entrance into Barbados and will begin welcoming its first guests beginning October 12 with select amenities, followed by a formal grand opening in early 2024. “Barbados offers the perfect backdrop for a chic and upscale getaway—lush, tropical gardens, uninterrupted ocean views, and an

NEW ORLEANS—The Hospitality Asset Managers Association announced the results of its Fall 2023 Industry Outlook Survey. The semi-annual report updated the opinions, experiences, and predictions of nearly 80 hotel asset managers from the earlier spring conference survey with a focus on budgetary predictions and potential causes of industry concern. Conducted in conjunction with HAMA’s 2023 Annual Fall Meeting that was held in New Orleans, 77 asset managers, comprising approximately one-third of its membership, participated in

MCLEAN, Virginia—According to a recent global survey conducted by Hilton and Ipsos, travelers say they will reduce other areas of personal spending to prioritize leisure travel in 2024, with a majority across generations indicating their top reason to travel in 2024 will be to rest and recharge, with more emphasis on sleep than ever before. Those insights and more were unveiled with the launch of Hilton’s third-annual trends report: “What Millennials, Gen Z, Gen X,