Industry News

La Quinta finishes 2018 with more growth

LA QUINTA BY Wyndham finished 2018 with eight new openings in the fourth quarter, its second full quarter under Wyndham Hotels & Resorts. Wyndham...

Three NewcrestImage executives buy a bank

IN A UNIQUE crossover deal, the chief executives at hotel development and management company NewcrestImage have purchased Dallas-based American Bank. Mehul Patel, Chirag Patel,...

TRENDS & ISSUES

REPORT: U.S. HOTELS’ PROFITS ROSE IN JANUARY DESPITE GOVERNMENT SHUTDOWN

U.S. HOTELS RECORDED a 2.4 percent increase in profits per room in January over the same time last year, according to HotStats. The gains...

HIS: Guests consider WiFi ‘very important’

WIFI SERVICE IS ‘very important’ for more than 90 percent of hotel guests surveyed for a new white paper from Hotel Internet Services. Also,...

LE: U.S. tops global hotel construction pipeline

THE U.S. TOPS the global construction pipeline with 5,530 projects and 669,456 rooms, according to the Lodging Econometrics’ year-end Global Pipeline Trend Report. However,...

USTA: U.S. travel grew 3.2 percent in January

U.S. TRAVEL CONTINUED to grow in January despite the pinch put on air travel by the federal government shutdown, according to U.S. Travel Association's...

STR: U.S. hotel occupancy down 1.7 percent in third week of February

U.S. HOTELS REPORTED mixed performance results during the second week of February, according to STR. Occupancy dropped, ADR rose and RevPAR remained steady. Occupancy dropped...

HOTEL TRANSACTIONS HIT $29.5 BILLION IN 2018

Last year was the most active year for hotel transactions since 2007, according to the new Hotel Transaction Almanac by STR’s Consulting and Analytics...
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