Recovery Patterns From Historical Recessions
Since the start of the COVID-19 pandemic, CBRE has analyzed the operating performance of U.S. hotels during historical economic recessions to estimate the level...
CBRE: U.S. Hotel Industry to Begin Multiyear Recovery in Q3
LOS ANGELES – After facing the lowest occupancy levels since the 1930s and the greatest declines in revenues and profits ever experienced in the...
Magid HTL Forecast Tracker: Annual Hotel Occupancy to Decline 29 Percent Over Next Year
MINNEAPOLIS — The ongoing impact of the COVID-19 pandemic will lead to a 29 percent decline in annual hotel occupancy over the next 12...
STR: ADR Not Expected to Recover to Pre-2020 Levels in the Next Five Years
HENDERSONVILLE, Tenn. — Even with improving performance already underway, U.S. hotel demand will not return completely to pre-pandemic levels until 2023, according to the...
HotStats: U.S. Hotel Performance Hit a New Low in April
LONDON — In April 2020, U.S. hotel occupancy rates declined 73 percentage points from a year prior, average room rate dropped, and RevPAR fell...
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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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