Tag: Hotel Performance
Austin Hotels Record a Banner Month in October Thanks to F1 Grand Prix COTA
Key Performance Indicators
October 2018 vs. October 2017
RevPAR: +4.3% to $214.45
TRevPAR: +3.4% to $299.10
Payroll: +0.2 pts. to 22.1%
GOPPAR: +3.5% to $164.03
U.S. hotels recorded their highest...
CBRE Forecasts 10th Consecutive Year of Growth for U.S. Hotels in 2019
ATLANTA—Based on an upward revised outlook for the U.S. economy, CBRE Hotels Americas Research is forecasting a 10th consecutive year of growth for the...
Nashville Hotel Performance Five Years After Opening Music City Center
Located in the heart of the Nashville central business district (CBD), the Music City Center (MCC) is a $623 million convention center that opened...
Profit Per Room Falls for Washington, D.C. Hotels in July
In line with the performance of full-service hotels across the United States in July, properties in Washington, D.C., also had a tough stretch as...
U.S. Construction Pipeline Continued Moderate Growth in Q2
At the end of the second quarter, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline stands at 5,312 projects/634,501 rooms,...