STR: December’s Occupancy, RevPAR Reach Lowest Level Since May
HENDERSONVILLE, Tennessee—The U.S. hotel industry showed performance levels closer to earlier months of the pandemic, according to December 2020 data from STR.
U.S. Hotel Performance
December...
STR: 2020 Is Officially the Worst Year on Record for U.S. Hotels
HENDERSONVILLE, Tennessee—According to year-end 2020 data from STR, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR).
In addition...
What to Know About the Second Round of COVID-19 Stimulus
On Sunday, December 27, 2020, the president signed the Consolidated Appropriations Act, 2021. The Act combines a $1.4 trillion omnibus appropriations bill for the...
Baird/STR Hotel Stock Index Up 5 Percent in December
HENDERSONVILLE, Tennessee, and MILWAUKEE — The Baird/STR Hotel Stock Index was up 5 percent in December to a level of 4,574. For 2020 as...
STR: U.S. Hotel Profitability Worsened in November 2020
BROOMFIELD, Colorado — In November, U.S. hotel profitability fell back to levels seen during earlier months of the pandemic and year-over-year declines worsened from...
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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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