STR: ADR and RevPAR Hit Highest Levels Since Early March 2020
HENDERSONVILLE, Tennessee—According to STR‘s latest data through April 3, 2021, U.S. hotel occupancy remained flat from the previous week, while the country’s ADR and...
U.S. Hotel Profitability Hit Pandemic High in February
BROOMFIELD, Colorado—In February 2021, U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR's...
STR: U.S. Weekly Occupancy Drops Slightly
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy fell one point from the previous week, according to STR data for the week of March 21-27, 2021.
U.S. Hotel...
CBRE Forecasts Stronger U.S. Hotel Performance in Second Half of 2021
DALLAS — The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry....
HotStats: Hotel Profit Perks Up Globally, Except in Europe
HotStats on Friday released its February 2021 report on hotel performance worldwide, showing positive profitability in regions outside of Europe, including the United States,...
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HEI Adds Renaissance Meadowlands Hotel to Portfolio
NORWALK, Connecticut—The Renaissance Meadowlands was acquired by a joint venture between HEI and Westport Capital Partners. It marks HEI’s first partnership with Westport.
The Renaissance...
Caption by Hyatt Debuts in Downtown Nashville
NASHVILLE, Tennessee—Caption by Hyatt Downtown Nashville - The Gulch is now open in the bustling Gulch neighborhood of downtown Nashville, nestled between downtown Nashville...
Putting the Customer First
In this third and final installment of our 2024 Owner Series, LODGING speaks with Harry (Himesh) Patel, director of Solvue Hospitality Group, regarding his...
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