Industry News
NewcrestImage, Coury Hospitality forge partnership for lifestyle hotel development
NEWCRESTIMAGE RECENTLY PARTNERED with Coury Hospitality aiming to advance their efforts in the development of lifestyle hotels. As part of the collaboration, NewcrestImage acquired...
CBRE raises RevPAR forecast to $97.89 in 2023, up 6 percent year over year
DRIVEN BY STRONGER-than-expected demand and moderate supply, CBRE has raised its forecast for hotel performance again this year, resulting in increased occupancy. CBRE revised its...
TRENDS & ISSUES
CBRE raises RevPAR forecast to $97.89 in 2023, up 6 percent year over year
DRIVEN BY STRONGER-than-expected demand and moderate supply, CBRE has raised its forecast for hotel performance again this year, resulting in increased occupancy. CBRE revised its...
STR: Memorial Day pulls U.S. hotel performance down in week of May 27
The Memorial Day calendar shift pulled U.S. hotel performance down in the last week of May, compared to the week before, as expected, according...
STR: U.S. hotel occupancy at second highest weekly level so far in 2023
U.S. HOTEL PERFORMANCE increased from the previous week and showed improved comparisons year-over-year, according to STR. Meanwhile, U.S. occupancy reached the second highest level...
STR: U.S. hotels occupancy, ADR, RevPAR fall in second week of May
U.S. WEEKLY HOTEL performance posted mixed year-over-year comparisons, while occupancy, ADR, and RevPAR declined in the second week of May over the previous week,...
STR: U.S. hotel performance remains mixed in first week of May
U.S. HOTEL PERFORMANCE in the first week of May continued to register mixed results from the previous week, according to STR. However, the year-over-year...
STR: U.S. hotels’ occupancy, RevPAR at second highest yearly levels
U.S. HOTEL PERFORMANCE rose from the previous week, while occupancy and RevPAR levels reached the second highest of the year, behind the week ending...
BRANDS
