Spark by Hilton Mystic Groton Opens as Brand’s First Hotel
MYSTIC, Connecticut, and MCLEAN, Virginia—Hilton celebrated the opening of Spark by Hilton Mystic Groton, solidifying the company’s entry into the premium economy segment. With...
Chains Versus Independents: The Segments Have Experienced Similar Recovery, But Different Supply Impacts
The booming industry recovery has touched chains and independent hotels alike, but the role of supply growth in that recovery has varied across the...
IHG LIFT Program Created to Support Growth for Diverse Hotel Owners
ATLANTA—IHG Hotels & Resorts introduced IHG LIFT, an owner growth program focused on creating more hotel development support for historically underrepresented groups within the...
Mixed-Use Momentum: Multifaceted Projects Provide Developers With Financing Flexibility
Mixed-use development has long been a viable option for hotel owners looking to create multifaceted projects that drive different types of demand, but such...
STR, Tourism Economics Upgrade Forecast to Full U.S. RevPAR Recovery in 2022
NEW YORK—STR and Tourism Economics have upgraded the recovery timeline for U.S. hotel revenue per available room (RevPAR). On a nominal basis, the metric...