Industry News

Leadership changes at hotel and travel companies continue

LEADERSHIP CHANGES AT major hotel and travel companies continue. They include the departure of Wyndham Hotels & Resorts Chief Financial Officer David Wyshner as...

Noble acquires New Haven, Connecticut, hotel

ATLANTA, GEORGIA-BASED Noble Investment Group has acquired the New Haven Hotel at Yale University in New Haven, Connecticut. Noble, led by founder and CEO...

TRENDS & ISSUES

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...

CBRE: Growth slowing but industry still strong through 2022

The U.S. hotel industry will continue to see slower growth over the next two years but will remain relatively strong, according to CBRE Hotels...
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