Tag: finance news
Hoteliers Eyeing Interest Coverage: Challenge Increases This Year as Higher Rates Prevail in the...
According to CBRE’s February 2023 Investment Performance forecast, total revenues for the average U.S. hotel returned to 2019 levels in 2022, but the recovery...
Choice Hotels International Reports Q4 and Full-Year 2022 Results
ROCKVILLE, Maryland—Choice Hotels International, Inc. reported its fourth quarter and full-year 2022 results.
"2022 was a landmark year for Choice Hotels, in which we drove...
IHG Hotels & Resorts Releases Full-Year 2022 Financial Results
IHG Hotels & Resorts formally released its full-year 2022 financial results report. Key metrics from the report include:
$25.8 billion in total gross revenue, up...
STR: Overall U.S. Weekly Hotel Performance Falls Slightly
U.S. Hotel PerformanceJanuary 29 through February 4, 2023Percentage change from comparable week in 2019Occupancy: 55.3 percent (down 7.3 percent)ADR: $145.35 (up 13.9 percent)RevPAR: $80.45...
STR: U.S. Hotel Performance Falls With Post-Holiday Seasonality
HENDERSONVILLE, Tennessee—Reflecting post-holiday seasonality and an unfavorable calendar shift, U.S. hotel performance fell from the previous week and showed weakened comparisons against 2019, according...