STR: U.S. Hotel Profitability Rises Following Omicron Variant Dip
HENDERSONVILLE, Tennessee—After falling to roughly $20.00 in January, gross operating profit for U.S. hotels reached nearly $59.00—the highest level in the metric since October...
STR: U.S. Hotel Performance Slightly Decreases
HENDERSONVILLE, Tennessee—With lower Spring Break travel volume, U.S. hotel performance dipped slightly from the previous week, according to STR's latest data through March 26,...
Hotel Insurance: A Largely Uncontrollable Cost
In 2020 and 2021, U.S. hotel operators did a praiseworthy job controlling expenses to offset the significant declines in revenue. Based on data from...
STR: U.S. Hotel Industry Reports Higher Performance for February 2022
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance than the month prior, along with better-indexed comparisons with 2019, according to February 2022 data from...
STR: Spring Break Travel Boosts U.S. Hotel Performance
HENDERSONVILLE, Tennessee—Lifted by spring break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019, according to STR's latest...
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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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