STR: September Labor Spending Lowers GOP for U.S. Hotels
HENDERSONVILLE, Tennessee—Increased spending on labor created lower gross operating profit for U.S. hotels, according to STR's September 2021 monthly P&L data release.
Estimated labor costs...
STR: U.S. Hotel Performance Dropped Week Over Week
HENDERSONVILLE, Tennessee—As anticipated ahead of Halloween, U.S. hotel performance fell week over week, according to STR‘s latest data through October 30, 2021.
U.S. Hotel Performance
October...
Certares Acquires the Embassy Suites Atlanta Midtown
NEW YORK—Certares Management LLC, an investment specialist dedicated to the travel, tourism, and hospitality sectors (together with its affiliates, Certares), in partnership with Highlands...
Indigo Road Hospitality Group Breaks Ground on the Flatiron Hotel
CHARLESTON, South Carolina—The Indigo Road Hospitality Group is celebrating the beginning of construction on the Flatiron Hotel project in Asheville, North Carolina. Flatiron Preservation...
STR: U.S. Hotel Occupancy Dips Slightly, But Room Rates Are Up
HENDERSONVILLE, Tennessee—U.S. hotel occupancy dipped a percentage point week over week, while room rates rose slightly, according to STR's latest data through October 23,...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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