August 2017 GOPPAR Levels Hit a 2017 Low
Despite recording a 0.6 percent increase in RevPAR, GOPPAR at U.S. hotels fell to a year-to-date low of $71.01 in August 2017 as demand...
September Outlook Shows Promising Future for U.S. Hospitality
NEW YORK—Heading into the last quarter of 2017, fourth quarter data is showing healthy gains across the board, despite slight declines in average daily...
Independently Minded: The Power of Soft Brands
So far in 2017, two major hotel chains have announced the addition of a new soft brand to their brand portfolios. In January, Hilton’s...
TrevPAR Grew and Profits Slid for U.S. Hotels in July 2017
U.S. Hotels' GOPPAR dropped by 0.7 percent in July 2017, as the 1.1 percent increase in TrevPAR was cancelled out by escalating costs, according...
Study: Bed Bug Infestations Cost Hotels Thousands
ATLANTA–A new study from pest control company Orkin finds that eight of 10 hotels have dealt with bed bugs in the past year, and...
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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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