Industry News
OYO parent seeks to raise $200 million at $4.5–5 billion valuation
INDIA-BASED ORAVEL STAYS, the parent company of OYO, is reportedly in talks to raise $200 million in a primary funding round, according to Business...
Stayntouch PMS deployed across 139 Cobblestone properties
STAYNTOUCH, A CLOUD-BASED hotel property management software developer, recently deployed its PMS at 139 Cobblestone Hotels locations in 90 days. Cobblestone has more than...
TRENDS & ISSUES
CoStar: Rosh Hashanah weakens hotel performance in early October
U.S. HOTEL PERFORMANCE declined in the first week of October compared to the previous week due to Rosh Hashanah, according to CoStar. Year-over-year comparisons...
U.S. hotels’ weekly performance mixed, YOY up in fourth week of September
U.S. HOTEL PERFORMANCE remained mixed in the fourth week of September compared to the prior week, according to CoStar. However, the industry reported positive...
CoStar: U.S. hotel performance improved in third week of September
U.S. HOTEL PERFORMANCE improved in the third week of September compared to the previous week, with year-over-year results also remaining positive, according to CoStar....
U.S. hotels’ performance up week of Sept. 14, YOY results down
U.S. HOTEL PERFORMANCE improved in the second week of September compared to the previous week, but year-over-year results remained negative, according to CoStar. Key...
CoStar: U.S. hotel performance declines in early September
U.S. HOTEL PERFORMANCE dropped in the first week of September compared to the previous week, according to CoStar. Key metrics such as occupancy, RevPAR...
CoStar: U.S. hotels see YOY gains in late August
U.S. HOTEL PERFORMANCE saw year-over-year gains in late August, though occupancy, RevPAR and ADR declined from the previous week, according to CoStar. Tampa led...
