Industry News
NewcrestImage acquires 45 hotels in 11 states
DALLAS-BASED NEWCRESTIMAGE recently acquired of 45 hotels with around 3,300 rooms in 11 states in the U.S., a statement said. The properties include 35...
AAA: 54.6 million people expected to travel for Thanksgiving
AN ESTIMATED 54.6 million people will travel 50 miles or more from home this Thanksgiving, according to AAA Travel, 1.5 percent more than last...
TRENDS & ISSUES
STR, TE revise 2022 occupancy projection down
OCCUPANCY FOR U.S. hotels is now expected to finish the year a little down from the previous forecast by STR and Tourism Economics. However,...
STR: U.S. hotel performance up in the second week of November
U.S. HOTEL PERFORMANCE increased in the second week of November'22 compared to the week before, according to STR. All performance metrics improved during the...
Baird/STR hotel stock index jumped 15.8 percent in October
THE BAIRD/STR Hotel Stock Index jumped 15.8 percent in October, according to STR. There were no signs of slowing as U.S. demand continued to...
Report: New records set for extended-stay hotels in the third quarter; rate resistance grows
U.S. EXTENDED-STAY HOTELS set new performance records for demand, ADR and RevPAR in the third quarter of 2022, according to a report from The...
STR: Halloween calendar shift impacts U.S. hotels in first week of November
U.S. HOTEL PERFORMANCE dropped in the first week of November compared to the week before as expected due to the Halloween calendar shift, according...
STR: Halloween impacts U.S. hotel performance in the fourth week of October
U.S. HOTEL PERFORMANCE dropped in the fourth week of October compared to the week before, according to STR. When compared to 2019, occupancy increased...
