An Overview of Roadside Property Performance
Interstate properties—one of six location segments defined by STR—encompass hotels that are “in close proximity to major highways, motorways, or other major roads” and...
Shifts in Revenue and Expenses Boost Hotel F&B Profits
Consumer dining trends tend to be more volatile than lodging trends. Recognizing this, hotel managers have made some significant changes in the way they...
Accounting for the Gap Between Guest-Paid, Hotel-Collected Revenue and COPE Revenue
Hoteliers have traditionally evaluated performance based on a variety of metrics across the industry, the common denominator being hotel-collected revenue, most similar to P&L...
Circumstances That Could Lead To Accusations of Price Gouging
Earlier this year, when wildfires in California began to spread and grow to out-of-control proportions, thousands were forced to evacuate. Some stayed with family...
Where and When Is Modular Construction Applicable?
The acceptance of “modular construction” is evolving. USA Today announced in June that Marriott has made the decision to strongly support franchisees' use of modular...
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This Week’s Comings & Goings
Concord Hospitality announced the appointment of Will Loughran as its new chief operating officer. He will report to Mark Laport, president and CEO. He...
Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
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