STR, TE Slightly Adjust 2024-2025 U.S. Hotel Forecast
NASHVILLE—STR and Tourism Economics made slight adjustments to the 2024-25 U.S. hotel forecast released at the 16th Annual Hotel Data Conference.
For 2024, projected gains...
Hyatt Hotels Corporation Reports Q2 2024 Results
CHICAGO—Hyatt Hotels Corporation reported second quarter 2024 results. Highlights include:
Comparable system-wide hotels RevPAR increased 4.7 percent compared to the same period in 2023
Comparable system-wide...
IHG Hotels & Resorts Reports Half-Year Results
IHG Hotels & Resorts reported half-year results ending June 30, 2024. Highlights include company performance with operating profit from reportable segments (+12 percent) and...
Hilton Releases Q2 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its second quarter 2024 results. Highlights include:
Adjusted EBITDA is projected to be between $875 million and $890 million.
Diluted...
CoStar: U.S. Hotel Industry Performance Lowers From Previous Week
WASHINGTON—The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through...
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A Lens on Loyalty: Program Membership, Contribution, Liability, and Costs Continue to Grow
Strong loyalty programs help hotel brands lower customer acquisition costs, increase direct-to-consumer access, and offset occupancy shortfalls during shoulder periods and weaker economic conditions....
AAA: 79.9 Million Travelers to Head 50 Miles or More From Home Over Thanksgiving
WASHINGTON, D.C.—AAA projects 79.9 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. For the first time,...
Aloft Tallahassee Downtown Completes Communal Space and Guestroom Renovation
TALLAHASSEE—Aloft Tallahassee Downtown announced that it has recently completed a multi-million-dollar renovation, refreshing the hotel’s communal spaces and 162 guestrooms. Located on North Monroe...
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