Tag: January 2024
Four Financial Changes That Impact the Hospitality Industry’s ‘New Normal’
In 2019, the United States enjoyed the unprecedented 11th year of economic growth since the “Great Recession.” Economists predicted an economic downturn; the only...
AHLA: Hotels to Pay Record Amount of Wages in 2024
WASHINGTON—Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American...
Fast-Growing Upscale Brand Arrives in the Motor City
Cambria Hotel Detroit Downtown | Detroit, Michigan
The third Cambria property open in Michigan and the 67th nationally, Choice Hotels International’s new Cambria Hotel Detroit Downtown is one...
Valor Hospitality Partners Integrates DailyPay
ATLANTA—Valor Hospitality Partners partnered with DailyPay to provide an on-demand pay benefit to its U.S. employees. DailyPay is a financial wellness benefit that enables...
STR: Las Vegas ADR Expected to Reach Highest Level of Any Super Bowl Weekend
HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. 9-11, 2024, which would be the highest level for...
