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...
RevPAR Growth Continues to Flourish for Independent Hotels
For the past five years, independent properties have outpaced branded properties in RevPAR growth. For the most recent trailing 12-month period ending July 2019,...