Sharp Demand Growth Drives Record-High Occupancy for U.S. Airport Hotels
As demand in the U.S. airport hotel market continues to rise, will the pricing power of hotels begin to accelerate? The STR analyst team...
STR: U.S. Hotel GOP Reached 60 Percent of 2019 Levels in April 2021
BROOMFIELD, Colorado—Gross operating profit (GOP) for U.S. hotels reached 60 percent of the comparable 2019 level, according to STR‘s April 2021 monthly profit and...
Showing No Shows: A Closer Look at Attrition and Cancellation Fee Revenue
Per the Uniform System of Accounts for the Lodging Industry (USALI), the income received from transient and group guests who fail to occupy a...
Hilton Will Grow Its Las Vegas Footprint to 11,000 Rooms By 2022
LAS VEGAS—Hilton is growing its Las Vegas footprint to have more than 30 hotels and over 11,000 rooms across 12 brands in the market...
The Rising Cost of Rooms
Changes in rooms revenue per available room (RevPAR) and RevPAR penetration receive a lot of attention from hotel managers. Obviously, this is because renting...
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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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