Tag: finance
Increasing Occupancy Rates Boost Labor Costs
One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses...
TravelClick: Advance Booking Pace Ramps Up
NEW YORK—As the fall season comes into full swing, hotels in major North American markets are experiencing an improved advance booking pace, as well...
Starwood Sells Westin Excelsior Rome for $251 Million
Starwood Hotels & Resorts Worldwide, Inc. announced it has agreed to sell The Westin Excelsior Rome to Katara Hospitality for $251 million.
As part of...
Low Levels of New Supply Boost U.S. Lodging
CHICAGO—Fundamentals across the U.S. lodging sector remain unusually strong in the context of a cycle that turned 59 in July, based on consecutive months...
La Quinta Sells 24 Properties
IRVING, Texas—La Quinta Holdings Inc. today announced that it has signed a definitive purchase and sale agreement to sell 24 owned hotels. This portfolio...
