Tag: February
CoStar: Labor Costs and Inflation Impact U.S. Hotel Industry
ARLINGTON, Virginia—U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar.
U.S. Hotel Industry2024...
Brittain Resorts & Hotels Invests in Renovations at Three Myrtle Beach Hotels
MYRTLE BEACH, South Carolina—Brittain Resorts & Hotels (BRH), in partnership with EOS Hospitality, invested over $58 million in renovations at three of its properties...
Infor Release Revenue Management Solution for Hospitality
NEW YORK—Infor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels...
Hyatt Hotels Corporation Reports Q4 and Full-Year 2024 Results
CHICAGO, Illinois—Hyatt Hotels Corporation reported fourth quarter and full year 2024 results. Highlights include:
Comparable system-wide hotels RevPAR growth was 5 percent in the fourth...
CoStar: Super Bowl LIX Impacts Weekly Hotel Performance for New Orleans
ARLINGTON, Virginia—The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through Feb. 8, 2025.
U.S. Hotel PerformanceFebruary 2-8, 2025Percentage change from...