STR: Occupancy and RevPAR Decline in June
HENDERSONVILLE, Tenn.—The U.S. hotel industry reported mostly negative results in three key performance metrics during June 2019, according to data from STR. At 73.5...
San Francisco, Los Angeles Hit With Rising Costs, Lower Hotel Profits in May
Even as profit per room at U.S. hotels bounced back in May from its negative turn in April, San Francisco and Los Angeles hotels...
Profit Per Room at U.S. Hotels Bounced Back in May
After a negative turn in April, profit per room at U.S. hotels bounced back in May, increasing by 2 percent year-over-year (YOY) and buoyed...
Gradual Slowdown in U.S. Hotel Performance to Continue as Supply Outpaces Demand
MINNEAPOLIS—The U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022, according to CBRE Hotels Research’s latest report....
Holding the Line: Profit Growth Becomes Harder To Achieve for U.S. Hotels
U.S. hoteliers enjoyed a ninth consecutive year of profit growth in 2018; however, it is becoming increasingly difficult for managers to accomplish this task....
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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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