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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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Analyzing Complimentary Services and Rooms

Analyzing Complimentary Services and Rooms

The offering of complimentary services and amenities by U.S. hotels is on the rise. From 2007 to 2015, hotel expenditures on complimentary food, beverages, in-room media, services, and gifts just within the rooms department increased at a compound annual growth ...

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U.S. Economy, Property Markets to Heat Up

U.S. Economy, Property Markets to Heat Up

NEW YORK—Global commercial real estate services firm Cushman & Wakefield released its latest U.S. Macro Forecast, anticipating that, following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017. “Even before the ...

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