Industry News

Associations call for passage of American Rescue Plan

DESPITE RESISTANCE, PRESIDENT Biden’s proposed American Rescue Plan, the federal government’s third COVID-19 stimulus package, is expected to make it to the president’s desk....

NewcrestImage buys historic Magnolia Hotel in Dallas

AS THE FIRST investment for its recently announced $100 million real estate fund, NewcrestImage has purchased the Magnolia Hotel in downtown Dallas. The company,...

TRENDS & ISSUES

STR: First two months of 2021 bring some improvements for U.S. hotels

THERE WERE SOME improvements for U.S. hotels during the first two months of the year, according to STR. In January, profitability rose, albeit slightly,...

HotStats: U.S. hotels’ profits remain flat in January

THE FIRST MONTH of 2021 saw consistent profits performance by U.S. hotels, according to HotStats. Unfortunately, it remained consistently low. GOPPAR for the month was...

STR: Short-term rentals see mixed performance in three markets

DESPITE A MIXED performance in January, short-term rentals outperformed hotels in three markets, Miami, Nashville and Philadelphia, according to STR. The data comes from...

STR: Holiday weekend boosted U.S. occupancy in third week of February

DURING THE THIRD week of February, occupancy for U.S. hotels reached its highest level since late October, according to STR. The President’s Day holiday...

STR: Winter storm pushes Texas hotels’ occupancy to 50-week high

THE WINTER STORM that brought unusual snow to Texas knocked out power and water to millions of homes. That drove many residents to take...

Survey: Consumers feeling safe about travel

OPTIMISM RISES WITH each COVID-19 vaccine administered, and public confidence in the safety of travel is rising, too, according to a survey from consulting...
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CURRENT NEWSLETTER ARCHIVE 18 March 2020
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