Tag: May 2023
STR: U.S. Hotel Industry Reports Higher Performance in May 2023
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance from the month prior, according to May 2023 data from STR.
U.S. Hotel Performance
May 2023
Occupancy: 64.8 percent...
Baird/STR Hotel Stock Index Dropped 2.6 Percent in May 2023
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index declined 2.6 percent in May to a level of 5,287.
“Hotel stocks were mixed in May—the Hotel...
First Sonesta Essential Opens in Vacaville, California
NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of Sonesta Essential Vacaville. The 86-room, upper-midscale, select-service property is the first Sonesta Essential branded hotel...
STR: Pre-Memorial Day U.S. Hotel Performance Decreased
HENDERSONVILLE, Tennessee—As expected ahead of Memorial Day, U.S. hotel performance decreased from the previous week, according to STR's latest data through May 27, 2023....
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...