STR: Miami and Dubai Led Major Markets in Hotel Profit Recovery in 2021
LONDON — Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR's full-year P&L data release. Miami’s...
Sizzling Summer Led by Leisure Travel Bookings
NEW YORK—Hotels in major North American markets are continuing to experience strong growth driven by increases in average daily rate (ADR), according to data...
CoStar: U.S. Hotel Industry Reports Mixed Performance Results Year-Over-Year
WASHINGTON—The U.S. hotel industry reported mixed comparisons year over year, according to CoStar’s latest data through August 17, 2024.
U.S. Hotel PerformanceAugust 11-17, 2024 Percentage...
2024 Outlook: Profit Trends Should Stabilize, Despite Lingering Challenges
While there are still many unknowns regarding the economy, STR's data points to further stabilization for the U.S. hotel industry. Aligned with record highs...
STR: Full Demand Recovery Still Projected for 2023
ATLANTA — Underpinned by stronger-than-expected demand during Q1 2021, STR and Tourism Economics upgraded the latest U.S. hotel forecast released at the Hunter Hotel...
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Purchasing Management International (PMI) Acquires Pineapple Procurement
DALLAS, Texas—Purchasing Management International (PMI) announced the acquisition of certain interests of Pineapple Procurement. This strategic acquisition reinforces PMI’s continued growth.
"Building Pineapple Procurement...
HREC Arranges Sale of the Courtyard Marriott Tampa-Brandon, Fairfield Inn & Suites by Marriott...
DENVER, Colorado; TAMPA, Florida; ATLANTA, Georgia—HREC Investment Advisors announced that it has arranged the sale of the 93-guestroom Courtyard Tampa Brandon, and the 107-guestroom...
InnVentures Completes Renovation of Courtyard by Marriott Spokane Downtown Convention Center
Seattle, Washington—InnVentures announced the completion of a total renovation of Courtyard by Marriott Spokane Downtown Convention Center, including the exterior, interior, and guestrooms.
The renovations...
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