CoStar: U.S. Hotels Show Mixed Performance Results
Category: Finance, Finance & Development, Market Reports
WASHINGTON—U.S. hotel performance showed mixed results over the previous week, according to CoStar’s latest data through March 2, 2024. U.S. Hotel Performance February 25-March 2, 2024 Percentage change from comparable week in 2023:Occupancy: 62.5 percent (down 0.3 percent)ADR: $155.29 (up 2.7 percent)RevPAR: $97.12 (up 2.4 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (up 12.1 percent to 66.5 percent). Las Vegas, helped by the NAHB International Builders’ Show, posted the
What initially inspired you to get into the hospitality business? My mother, Janine Goodin, was a catering manager for a full-service hotel. I was fortunate to be able to join my mother and her team on sales calls and MOD (manager on duty) shifts as a teenager. My experiences during those moments allowed me to see a future in the industry. Who were some of your mentors or role models, male or female, and what
LODGING Editor-in-Chief Dennis Nessler speaks with representatives from a diverse cross-section of the industry to discuss the current state of labor in the lodging industry. Participants discuss everything from the advantages of flexible pay and hours to technology advances, specifically the AI revolution, and how advances in those areas are impacting today’s workforce. Fill out the form below to view the latest roundtable. Name(Required) First Last Email(Required) PhoneCompany(Required) Job Title(Required) Type of Business(Required)Hotel or Other
BERLIN—IDeaS announced the release of G3 RMS Portfolio Navigator. Portfolio Navigator provides automation to identify, prioritize, and act on revenue-impacting decisions. This reduces execution costs by enabling multi-property and corporate revenue leaders to deploy and manage revenue strategy at scale. Multi-property revenue management teams are challenged to understand and act upon revenue management decisions. They can use multiple tools and data sources to identify trends, changes in pickup, forecasts, pricing, and market position. These methods
Hyatt Regency Brand Collaborates With Future, a Personal Training Platform
Category: Brands, Featured, Industry News
CHICAGO—Hyatt Hotels Corporation announced a collaboration between the Hyatt Regency brand and Future, a personal training platform that connects users with a fitness coach to create customized virtual workouts. Launching at 26 Hyatt Regency hotels and resorts in the United States, the collaboration includes workouts developed by Future trainers that are customized for each hotel and resort’s fitness center and equipment. With this new collaboration, Hyatt builds on its commitment to well-being and the Hyatt
