STR: Full-Service Hotels Break Even With 50 Percent Occupancy in June
BROOMFIELD, Colo. — STR's latest monthly P&L data release shows U.S. hotel gross operating profit per available room (GOPPAR) declined 105.4 percent in June...
HotStats: Global Hotel Performance Struggles in June
LONDON — As the second quarter of 2020 closed, global regions continued to struggle with the effects of the coronavirus pandemic, with some areas...
Kalibri Labs: Phoenix Could Have a Quicker Recovery Than Other Major Markets
The Phoenix hotel market may be able to recover quicker than other major markets, so long as the region's recent surge in coronavirus is...
STR Reports U.S. Hotel Results for Week of July 12-18
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of July 12-18, 2020, showed slightly higher occupancy and room rates from the previous...
STR: U.S. Hotel Occupancy Flattens in Second Week of July
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of July 5-11, 2020, showed mostly flat occupancy and lower room rates from the...
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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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