CoStar: U.S. Hotel Performance Increases From the Previous Week
Category: Finance, Finance & Development, Market Reports
WASHINGTON—U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through March 16, 2024. U.S. Hotel Performance March 10-16, 2024 Percentage change from comparable week in 2023:Occupancy: 66.5 percent (down 1.4 percent)ADR: $163.21 (down 2.1 percent)RevPAR: $108.51 (down 3.5 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (up 12.7 percent to 73.0 percent) and RevPAR (up 21.7 percent to
Access Point Financial (APF) announced the launch of its PIP Renovation Program designed to support hotel owners in meeting franchisor-mandated improvements and refreshing their assets. The PIP Renovation Program is a solution to allow hotel owners to access capital for the costs involved in completing required renovations. Additionally, this program can include CapEx Loans for a property refresh that is not associated with a franchisor-mandated PIP. “At APF, we understand the dynamic needs of hotel owners in
A Source of Support
Category: Special Series, Women in Lodging
What initially inspired you to get into the hospitality business? My inspiration initially came from my older brother, seeing him work in the restaurant industry, but it wasn’t until I gained first-hand experience in the fine dining segment that I became hooked. With that came my desire to blow guests away with the experience that the teams and I were able to create. Who were some of your mentors or role models, male or female,
First Hospitality, a national hotel operating, management, and development company, announces the appointment of Jason Kreul as chief operating officer. Please read. The Kahala Hotel & Resort has appointed Christina Maffei as the new director of food and beverage. In her new role, Maffei will lead the resort’s food and beverage team property wide, committed to delivering exceptional culinary experiences for guests and locals alike. Spire Hospitality has appointed Jamelia Lehn, CPA, as chief financial officer (CFO). Please
Picking Up the Pace
Category: Special Series, Women in Lodging
What initially inspired you to get into the hospitality business? I’ve always loved travel and frequently found myself fascinated by historic hotels from an early age. Like many, I began in food and beverage and transitioned into hotel operations before finally landing in the design and development world. I’m in love with this side of the business–it combines my passion for travel and my love for architecture and design. I’m fortunate to have found my
