Tag: growth
CBRE Forecasts Gradual Slowdown in U.S. Hotel Performance
ATLANTA—The U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022, according to CBRE Hotels Research’s latest report....
U.S. Hotel Profits Hit Record High in 2018, Even as Labor Costs Rose
BROOMFIELD, Colo.—Industrywide, U.S. hotel house profit reached a record-breaking $80 billion in 2018, even as labor costs grew at a higher rate than revenues,...
Interstate Adds 18 Hotels To Management Portfolio
ARLINGTON, Va. — Interstate Hotels & Resorts, a third-party hotel and resort management company, recently announced that it added 18 properties with nearly 3,000...
AAHOA Celebrates the Past and Looks To the Future at 2019 Convention and Trade...
Last week, more than 8,000 hotel professionals converged in San Diego’s Gaslamp Quarter for the 2019 Asian American Hotel Owners Association (AAHOA) Convention &...
Marriott Reaches 7,000 Hotels Worldwide
Marriott International today announced the opening of its 7,000th property—The St. Regis Hong Kong. The milestone follows Marriott’s announcement in March that it expects to...