STR: U.S. Occupancy Hits Highest Level Since March 2020
HENDERSONVILLE, Tennessee — U.S. weekly hotel occupancy jumped almost seven points from the previous week to the highest level the country has seen since...
STR: U.S. Hotel Performance Shows Improvement in February 2021
HENDERSONVILLE, Tennessee—The U.S. hotel industry showed higher performance levels in February 2021 versus the prior month, according to STR data.
Occupancy in February 2021 declined...
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: Weekly Occupancy Surpasses 50 Percent, Reaching Highest Level in a Year
HENDERSONVILLE, Tennessee — U.S. weekly hotel occupancy reached its highest level in a year, according to STR's latest data for the week of March...
2020 Takeaways: Operating Observations From Last Year
In 2020, U.S. hotels suffered the worst year of operating performance since CBRE began tracking profitability in 1938. During the year, the average hotel...
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IHG Hotels & Resorts Implements Apple AirPlay at North American Hotels
NEW YORK—IHG Hotels & Resorts launched Apple AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately from...
Davidson Hospitality Group Recommits to Sustainability
ATLANTA, Georgia—Davidson Hospitality Group announced its renewed commitment to sustainability and conservational efforts through streamlined engineering management, strategic operational partnerships, food and beverage programs,...
Maverick Hotels and Restaurants Adds Two Properties to Managed Portfolio
BOSTON, Massachusetts—Maverick Hotels and Restaurants announced that it has added The York Beach Surf Club and The Sea Latch Inn, both located in York...
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