Industry News
New York hotelier acquires Red Carpet Inn, plans to take it independent
RUDRA MANAGEMENT, LED by Jayesh Patel, recently acquired an old Red Carpet Inn in Tonawanda, New York, with plans to reposition it as an...
AHLA: Nearly 500,000 hotel jobs lost to pandemic to remain unfilled this year
NEARLY 500,000 HOTEL operations jobs lost during the pandemic will not returning to the industry before the end of the year, according to a...
TRENDS & ISSUES
LE: U.S. pipeline decline continues 2021’s first half
THE U.S. HOTEL construction pipeline declined 14 percent year-over-year at the close of second quarter in 2021, according to Lodging Econometrics. New York City...
STR: U.S. hotels set new highs in June, week of July 17
THE U.S. HOTEL industry set new highs in June and in the third week of July, according to STR. There was a slight dip...
STR: Occupancy and ADR up in week ending July 10
OCCUPANCY AND ADR rose for U.S. hotels in the second week of July, according to STR. Leisure travel continued to drive business with those...
STR: New York leads nation in hotel rooms under construction
NEW YORK CITY is seeing a surge in hotel rooms under construction and in projected openings for the rest of 2021, according to STR....
STR: Occupancy down, ADR up in first week of July
OCCUPANCY FOR U.S. hotels went down some in the first days of July, but ADR rose on a weekly and yearly level, according to...
Baird/STR Hotel Stock Index fell 3 percent in June
THE HOTEL STOCK rollercoaster continued its downhill slide in June, according to the Baird/STR Hotel Stock Index. The 3 percent drop came as a...
