LODGING Staff
JLL’s Hotels & Hospitality Group Closes Sale of Six Hyatt Place Hotels
ATLANTA—JLL's Hotels & Hospitality Group announced that it has closed the $55 million sale of six Hyatt Place branded select-service hotels totaling 754 keys across the U.S. Southeast, Texas, and Kansas.
JLL worked on behalf...
First Hospitality Assumes Management of Two Hotels
CHICAGO—Adding to its portfolio of independent and full-service properties, First Hospitality assumed management of the Inn on Sheridan, a boutique hotel in Zion, Illinois, on November 1, 2022. The company also added the Holiday...
Arrivalist: 51 Million U.S. Travelers Will Use an Automobile During the Thanksgiving Holiday Weekend
NEW YORK CITY—Location data company Arrivalist estimates 51 million U.S. travelers will use an automobile during the Thanksgiving holiday (Wednesday through Sunday). Volume is predicted to exceed 2019 road trips by 1.8 percent. Arrivalist’s...
Expedia Group Reports 2023 Trends Across the Broader Travel Industry
SEATTLE—Expedia Group unveiled a comprehensive view of trends across the broader travel industry in 2023. Sourced from the company’s first-party data and from custom research of thousands of travelers and industry professionals across 17 countries,...
STR and TE Adjust U.S. Hotel Forecast to Reflect Slightly Lower Occupancy Projections
HENDERSONVILLE, Tennessee—STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022. Revenue...