CoStar: U.S. Hotel Performance Declines, Expected From Halloween
WASHINGTON—U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through Nov....
Lobby, Please: The Exit of Hotel Profits
2020 kicked off with slight increases in both total revenues and gross operating profits, however, record industry highs quickly changed to record lows. Approximately...
STR: U.S. Hotel Occupancy Up Slightly in the First Week of December
HENDERSONVILLE, Tennessee—In the first week of December, U.S. weekly hotel occupancy increased slightly from the previous week, according to the latest data from STR...
Six U.S. Markets With the Most Hotel Rooms Under Construction
According to STR data, the U.S. hotel construction pipeline totaled 1,615 projects and 208,807 rooms at the end of January—6.8 percent more than the...
STR: U.S. Hotel Industry Kicks Off the New Year With Positive Year-Over-Year Performance
HENDERSONVILLE, Tenn.—The U.S. hotel industry reported positive year-over-year results across three key performance metrics at the start of the New Year during the week...
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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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