Lodging Daily News

TPG Hotels & Resorts announced the completion of a transformative guestroom refresh project at the Newport Beach Hotel & Suites in Newport, Rhode Island. The refresh is the first phase of a multi-phase renovation project planned for the property.  The interior design makeover encompasses reimagining the guestroom experience, from new bathrooms and select furnishings to carpets and wall coverings. Guests can expect updated bedding surrounded by a coastal ambiance accentuated by curated local art. “We

Following a record-breaking year of growth, Hilton underscored its commitment to the Caribbean and Latin America (CALA) during a visit by President and CEO Chris Nassetta in which he met with industry leaders, ownership groups, partners, and team members across Argentina, Peru, Colombia, and Costa Rica. In 2023, Hilton opened nearly 20 new hotels and ended the year with 4,000 rooms added to the market, more than in any other year in the company’s history.

WASHINGTON—The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through June 15, 2024. U.S. Hotel PerformanceJune 9-15, 2024 Percentage change from comparable week in 2023:Occupancy: 70.3 percent (down 0.6 percent)ADR: $161.70 (up 0.9 percent)RevPAR: $113.62 (up 0.3 percent) Among the Top 25 Markets, San Francisco saw the highest year-over-year increases in occupancy (up 17.0 percent to 79.4 percent), ADR (up 11.3

Lodging Econometrics (LE) has released Q1 hotel development data for the Charlotte, North Carolina, market ahead of HITEC 2024. The Q1 2024 LE Market Trend Report for the Charlotte market reported that Charlotte has a total of 67 hotel projects and 7,772 rooms in the construction pipeline, positioning it 15th among the top 25 U.S. markets for the largest hotel construction pipeline by project count. Within the Charlotte market, at the close of the first

WASHINGTON—The U.S. hotel industry reported improved performance results from the previous month, according to May 2024 data from CoStar. May 2024 Percentage change from May 2023:Occupancy: 65.7 percent (up 1.5 percent)ADR: $160.40 (up 2.4 percent)RevPAR: $105.46 (up 4.0 percent) Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 5.8 percent to 88.9 percent), ADR (up 6.3 percent to $339.25), and RevPAR (up