The Urban Hotel Market Challenge
The U.S. hotel industry finished 2015 at its highest occupancy ever. Hotel demand continues to outpace supply, and although the industry is experiencing firmer...
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,...
Chicago Sets New Record of 55 Million Visitors in 2017
CHICAGO—The number of visitors to Chicago reached 55.2 million in 2017—a new record and 2.5 percent increase over the previous year. With the major...
IAC Invests in MGM Resorts International
LAS VEGAS — MGM Resorts International announced on August 10 that IAC/InterActiveCorp (IAC), the media and technology company founded and led by Barry Diller,...
Hersha Hospitality Trust Closes $500 Million Senior Unsecured Credit Facility
PHILADELPHIA—Hersha Hospitality Trust announced that the company has closed on a new $500 million senior unsecured credit facility that is expandable to $850 million....
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Choice Hotels Publishes 2023 ESG Report
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across...
World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique...
Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
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