Property Tax Trends: New Analysis Shows That Relief for U.S. Hoteliers Varies by Geography
Based on a sample of more than 3,000 hotels from CBRE’s Trends in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626...
STR: Four World Regions Show Year-Over-Year Decline in Construction Activity
LONDON—Each of the four world regions showed a year-over-year decline in hotel construction activity. Asia Pacific is closest to its 2022 comparable, according to...
Building the Pipeline: Hotel Development Opportunities and Challenges in Today’s Economic Climate
The outlook for openings is promising as the U.S. hotel development pipeline is bolstered by a record-high 1,085 conversion projects in the second quarter...
STR: U.S. Hotel GOPPAR Reaches Highest Level Since October 2022
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable and was the highest since October 2022, according to STR's...
AAA: Thanksgiving Travel to Increase 2.3 Percent Over 2022
WASHINGTON, D.C.—AAA projects 55.4 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. This year’s Thanksgiving forecast...
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Otelier Grows IntelliSight With New Software Functionalities
ATLANTA—Otelier released several new features and functionalities in its business intelligence software, IntelliSight, that allow more leaders across the hospitality business to make data-driven...
Making the Case for Digital Workers
HITEC 2024 is taking place this week in Charlotte, North Carolina, and as can be expected, AI is well represented among the session topics....
How Technology Can Help Hotels Adapt to Changing Group Business Needs
Group business for hotels has changed dramatically in recent years. To meet the evolving needs of this segment and to remain competitive, hotels need...
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