IHG Hotels & Resorts Releases Half-Year 2022 Results
IHG Hotels & Resorts released its half-year 2022 results. Highlights include:
Further improvement in trading: Americas Q2 RevPAR versus 2019 was up 3.5 percent...
STR: U.S. Weekly Occupancy Hits Highest Level Since February 2020
HENDERSONVILLE, Tennessee—Boosted by the Friday and Saturday of Memorial Day weekend, U.S. weekly hotel occupancy reached its highest level since late-February 2020, according to...
Upscale Chains Experience Strong Year
The U.S. lodging industry is in the later part of the economic cycle and questions about the longevity and health of the industry are...
A Look Behind Hotel Transaction Growth
According to STR, 2018 was one of the best years in recent history for hotel transactions. With 707 transactions, a 25 percent increase since...
U.S. Hotel GOPPAR Turns Downward in October
U.S. Hotels
Profit & Loss Performance Indicators
October 2019 vs. October 2018
RevPAR: -2.1% to $190.93
TRevPAR: -0.9% to $300.54
Payroll: +2.3% to $98.64
GOPPAR: -2.8% to $126.97
Two consecutive months...
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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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