WASHINGTON—American Hotel & Lodging Association (AHLA) President and CEO Chip Rogers released the following statement after the New Jersey Assembly Committee on Financial Institutions and Insurance approved legislation that would affect the hotel industry’s franchise model. The bill (A3495) is now awaiting further Assembly action, and companion legislation (S2336) has been introduced in the Senate. “New Jersey bill A3495 and its Senate companion S2336 would severely limit hotels’ ability to enforce the quality, service, and
CoStar: U.S. Hotel Performance Increases From Previous Week
Category: Finance, Finance & Development, Market Reports
WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through Feb. 17, 2024. U.S. Hotel Performance February 11-17, 2024 Percentage change from comparable week in 2023:Occupancy: 59.2 percent (down 2.5 percent)ADR: $162.24 (up 4.2 percent)RevPAR: $96.10 (up 1.6 percent) Among the Top 25 Markets, Boston (up 14.6 percent to 64.7 percent) and New Orleans (up 14.6 percent to 75.7 percent) matched for the largest increase in
Hilton Shares Record Growth in Caribbean and Latin America
Category: Brands, Featured, Industry News
MCLEAN, Virginia—Hilton shared a year of growth in the Caribbean and Latin America (CALA), entering new markets in 2023. Last year, Hilton opened 19 new hotels and approximately 4,000 rooms in the Caribbean and Latin America, representing more rooms added in the region than in any other year in the company’s history. Hilton’s CALA portfolio is comprised of more than 220 hotels and over 40,000 rooms spanning 15 brands and 29 countries and territories. The
BETHESDA, Maryland—Stayntouch announced a partnership with Skipper. Stayntouch’s cloud PMS integrated with Skipper to facilitate higher-margin conversions through digital wallets and embedded shopping on the hotel’s website. Stayntouch PMS transforms hotel operations and service standards for independent properties and hotel chains. With automation, multi-property management tools, and a user-friendly interface, Stayntouch lets staff operate and give time to guest interactions. Skipper complements these capabilities by integrating a configurable booking engine that optimizes conversions, cross-selling, and
U.S. Hotel Performance Lowered in January 2024
Category: Finance, Finance & Development, Market Reports
WASHINGTON—The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar. January 2024 Percentage change from January 2023: Occupancy: 51.9 percent (down 1.7 percent)ADR: $146.33 (up 2.7 percent)RevPAR: $75.99 (up 0.9 percent) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0 percent), which was up 6.2 percent year over year. Markets with the lowest occupancy for the month included Minneapolis (40.7 percent) and St.