Industry News

Choice Hotels realigns executive level

CHOICE HOTELS INTERNATIONAL on June 25 announced changes to its leadership lineup. The Rockville, Maryland, franchiser has promoted and repositioned several veteran employees and...

Banyan Investment Group buys Houston-area Courtyard by Marriott

HOTEL INVESTMENT AND management company Banyan Investment Group has acquired the 110-room Courtyard by Marriott Houston Pearland in Pearland, Texas, near Houston. Banyan's leadership includes...

TRENDS & ISSUES

AAA: Record 48.9M to travel for July 4

THE BOOMING U.S. economy keeps encouraging Americans to travel, and this July 4 as they celebrate the country’s independence, they will again set travel...

More than a third of U.S. hotels under-performed in 2018, says CBRE

WHILE MANY U.S. hotels saw a continued increase in occupancy in 2018, more than a third of hotels in a study by CBRE Americas...

Most business travelers prefer company, says survey

MORE THAN 75 percent of Americans prefer traveling with colleagues over flying solo when traveling for business, according to a nationwide survey conducted by...

Holiday date shifts to affect hotel performance, STR report predicts

HOLIDAY TRAVEL PERIODS, an important part of many hotel budgets, are shifting this year from last, and the effects of that shift are measured...

STR: U.S. hotel occupancy down 1.3 percent in first week of June

OCCUPANCY FOR THE U.S. hotel industry fell 1.3 percent to 72 percent during the week of June 2 to 8, according to STR. The...

Hotel Stock Index drops 4.9 percent in May

THE BAIRD/STR hotel stock index dropped significantly in May, 4.9 percent to 4,645 points. However, the index was up 14.1 percent through this year’s first five...
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