STR: U.S. Hotel Profitability Improved in May After April Lows
BROOMFIELD, Colo. — STR's latest monthly P&L data release shows U.S. hotel gross operating profit per available room (GOPPAR) down 110.1 percent in May....
HotStats: May Data Indicates Global Hotel Performance Stabilizing
LONDON — Though the global hospitality industry is still in critical condition due to COVID-19, the latest HotStats report found that as of May...
STR: U.S. Hotel Performance for June 14-20
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of June 14-20 showed another small rise from previous weeks and less severe year-over-year...
STR: Nationwide Occupancy Surpasses 40 Percent in Second Week of June
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of June 7-13 showed another small rise from previous weeks and less severe year-over-year...
Pre-COVID Performance of Soft-Branded Hotels
Before the COVID-19 pandemic devastated hotel performance trends across all property types, soft brands were continuing to deliver hardline results at a pace that...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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