Tag: market report
CoStar: U.S. Hotel Labor Costs Reflect Normalized Business Mix
WASHINGTON—A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L...
Hyatt Reports Q3 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported third quarter 2023 financial results. Highlights include:
Net income was $68 million in the third quarter of 2023 compared to $28...
CoStar: U.S. Hotel Performance Decreases, Shows Positive Comparisons
WASHINGTON—U.S. hotel performance decreased from the previous week but showed positive year-over-year comparisons, according to CoStar’s latest data through Oct. 28, 2023.
U.S. Hotel...
Marriott Releases Q3 2023 Results
Marriott International reported its Q3 2023 results. Highlights include:
Third quarter 2023 comparable systemwide constant dollar RevPAR increased 8.8 percent worldwide, 4.3 percent in the...
Accor Reports Q3 2023 Results
ISSY-LES-MOULINEAUX, France—According to Accor, hotel demand remained strong throughout Q3 2023, with RevPAR up 15 percent compared with the prior year despite a high...