decline

STR: U.S. Hotel Industry Reports Lowest Q3 Occupancy on Record

HENDERSONVILLE, Tennessee — In Q3 2020, the U.S. hotel industry reported its lowest third-quarter occupancy level on record, according to data from STR. Compared to...
Sheraton Grand Phoenix

Marriott Buys $255 Million Sheraton Grand Phoenix to Transform the Property and the Brand

BETHESDA, Md.—Marriott International has purchased the 1,000-room Sheraton Grand Phoenix hotel for $255 million. The company has plans for a significant renovation covering the...
hotel stock

STR: U.S. Monthly GOPPAR Turned Positive for the First Time Since February

BROOMFIELD, Colorado—U.S. hotel gross operating profit per available room (GOPPAR) reached positive territory for the first time since February, according to STR's latest monthly...

HotStats: U.S. Hotels Report Positive Performance in June and the First Half of 2018

An 8.5 percent year-on-year increase in U.S. hotels' profit per room in June 2018 contributed to the 4.2 percent profit growth that U.S. hotels...

Strategic Hotels and Resorts Completes Exit from Europe

CHICAGO—Strategic Hotels and Resorts Inc. has announced the closing of the sale of the Marriott London Grosvenor Square hotel and the acquisition of the...
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