U.S. Hotel Profits Hit Record High in 2018, Even as Labor Costs Rose
BROOMFIELD, Colo.—Industrywide, U.S. hotel house profit reached a record-breaking $80 billion in 2018, even as labor costs grew at a higher rate than revenues,...
Maintaining an 80-Year-Old Vessel-Turned-Hotel
The Queen Mary has had a long and rough history of exposure to the elements—from first setting sail across the Atlantic more than 80...
Five U.S. Markets With the Most Hotel Construction
Analysts at Lodging Econometrics (LE) recently reported the top five U.S. markets with the largest hotel construction pipelines in the first quarter of 2019....
U.S. Hotel Construction Pipeline Continues Growth in Q1 2019
PORTSMOUTH, N.H.—At the end of the first quarter of 2019, the total U.S. hotel construction pipeline continued to expand with 5,647 projects totaling 687,941...
Carbon Lighthouse Expands Its Footprint in Markets With Rising Energy Costs
Carbon Lighthouse, a clean energy services company that works with commercial and industrial building owners and hotel investors to reduce the baseline energy consumption...
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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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