STR: Short-Term Rentals Record Higher Occupancy Than Hotels in Three Markets
HENDERSONVILLE, Tennessee — Short-term rentals in Miami, Nashville, and Philadelphia recorded increases in occupancy and revenue per available room (RevPAR) in February 2021, according...
ADR Continues to Propel Hotel Performance in Early 2015
NEW YORK—Hotels in major North American markets continued to maintain positive growth in rate across all travel segments, according to data from the February...
Behind the Numbers: STR’s Amanda Hite on Quantitative Cause for Optimism
At the 43rd annual NYU International Hospitality Industry Investment Conference, Amanda Hite, president and CEO of STR, shared with LODGING forecasts based on the...
STR and TE Revise U.S. Hotel Forecast, Lower Growth Projections
NASHVILLE—STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-2024 U.S. hotel forecast presented at the Hotel Data Conference.
For 2023, growth...
Are Luxury Hotels Worth the Cost?
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August...
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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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