STR, TE Update Forecast: U.S. Hotel Demand and ADR Will Near Full Recovery in...
NEW YORK — U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according...
IHG’s Vignette Collection Launches Franchise Sales in the United States
IHG Hotels & Resorts has launched franchise sales in the United States for its newest brand, Vignette Collection, providing an opportunity for independent hotel...
American Liberty Hospitality Opens Third Dual-Branded Hotel
Houston-based American Liberty Hospitality continues to expand its regional footprint with the opening of the company’s third dual-branded hotel, bringing two concepts under one...
Budget Distributions: Investing in Teams and Technology
As the world enters 2022, many hotel ownership groups are directing marketing budgets to remain flat compared to 2021. With most media costs higher,...
STR: September Labor Spending Lowers GOP for U.S. Hotels
HENDERSONVILLE, Tennessee—Increased spending on labor created lower gross operating profit for U.S. hotels, according to STR's September 2021 monthly P&L data release.
Estimated labor costs...