November HotStats Data Reveals Further Profit Strain in the United States and Abroad
LONDON — HotStats recently released its global hotel performance data for November, revealing that the hotel industry is still reeling from the effects of...
STR: U.S. Weekly Hotel Occupancy Drops to Lowest Level Since Early May 2020
HENDERSONVILLE, Tennessee — U.S. weekly hotel occupancy fell to its lowest level since early May, according to STR's data for the week of December...
STR: U.S. Hotel Industry Surpasses One Billion Unsold Room Nights
HENDERSONVILLE, Tennessee — U.S. weekly hotel occupancy decreased slightly from the previous week, according to the data from STR for the week of December...
STR: U.S. Hotel Industry Performance Declines in November
HENDERSONVILLE, Tennessee—In November 2020, the U.S. hotel industry showed lower performance from the month prior, according to newly released data from STR.
U.S. Hotel Performance
November...
The Great COVID Do-Over? Looking for a Silver Lining in Dismal Group and Transient...
Since COVID-19 struck in March of this year, group and transient demand has plummeted, taking both ADR and RevPAR with it. At the low...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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