CBRE: U.S. Lodging Revenue Growth to Slow Through 2021
ATLANTA — CBRE Hotels Research forecasts that revenue growth will continue to diminish, but the U.S. lodging industry will remain strong through the next...
U.S. Hotel Occupancy, RevPAR, and ADR Decline in October 2019
HENDERSONVILLE, Tenn. — The U.S. hotel industry reported negative results in three key performance metrics during October 2019, according to data from STR. In...
STR Downgrades RevPAR Growth Projections
NASHVILLE — RevPAR growth projections for U.S. hotels have been downgraded to less than 1 percent for 2019 and 2020, according to STR and...
Industry Experts Share the Biggest Development Challenges of 2019
The availability of quality construction
The biggest challenge for us as a developer today is the availability of quality construction personnel, both management and...
Hotel Investors Proceed With Caution as Economic Outlook Shifts
With low unemployment rates and higher incomes, travelers booked trips more confidently in 2019. As a result, hotels across the country performed better this...
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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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