STR: Occupancy Down Slightly in Second Week of September
HENDERSONVILLE, Tenn.—U.S. hotel occupancy for the week of September 6-12, 2020, decreased slightly from the previous week, according to the latest data from STR.
In...
CBRE Forecasts Demand Comeback in 2022, RevPAR Recovery in 2023
ATLANTA — After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from...
Baird/STR Hotel Stock Index Up 6.2 Percent in June
HENDERSONVILLE, Tenn., and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 6.2 percent in June to 4,935—up from May when the index dropped 4.9 percent to...
Aries Conlon Capital Rebrands as Mag Mile Capital
Aries Conlon Capital has announced that the company is rebranding to Mag Mile Capital. The newly named Mag Mile Capital relocated its Chicago headquarter...
Miami Hotels Shatter Super Bowl Weekend Records
BROOMFIELD, Colo. — Miami hotel performance exceeded projections and reached record levels in both average daily rate (ADR) and revenue per available room (RevPAR)...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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