Industry News
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...
Iridescent Hotels adds two new third-party management contracts
IRIDESCENT HOTELS OF Dallas has been contracted to manage two more hotels in Texas and Ohio. Iridescent was founded last year by Ash Patel,...
TRENDS & ISSUES
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...
Report: U.S. extended-stay hotels report year’s highest occupancy in May
THE OCCUPANCY RATE in U.S. extended-stay hotels has roared back in April and May, with highest average occupancy this reported in May at 76.5...
