Industry News

Kwong is new chairman of Best Western board

PETER KWONG IS the new chairman of Best Western Hotels & Resorts’ board of directors. His election follows several leadership changes at other hotel...

NewcrestImage to open Courtyard by Marriott in India

DALLAS-BASED NEWCRESTIMAGE is continuing its $2 billion expansion plan by building its first hotel in India. The 14-floor, 123-room Courtyard by Marriott in Vadodara,...

TRENDS & ISSUES

Miami forecast to set records during Super Bowl LIV

MIAMI WILL HOST Super Bowl LIV, and like other Super Bowl host cities the event will be a boon to local hotels. The ADR...

Hotstats: Hotel profits dropped 2.8 percent in October

AFTER TWO CONSECUTIVE months of gain, U.S. hotel profits were on the slide in October, according to HotStats. Decreasing rooms and F&B revenue and...

Historic hotels set to see above average performance over coming two years

HISTORIC HOTELS REGISTERED with Historic Hotels of America have an advantage in a slowing lodging market, according to an article from CBRE Hotels Research....

STR: U.S. hotel occupancy up 17.7 percent in November’s third week

THE THIRD WEEK of November brought increases in occupancy, RevPAR and ADR, according to STR. The news comes after the previous month saw declines...

CBRE: Government per diem rate change has little effect

BUSINESS FROM FEDERAL government employees on a per diem rate can be a small but steady source of revenue for hotels, particularly during economic...

STR: U.S. hotel occupancy down 0.8 percent in October

October brought declines in occupancy, RevPAR and ADR for the U.S. hotel industry, according to STR. That follows similar declines in RevPAR and occupancy...
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