Industry News

HNA Group to sell Radisson Hotel Group to Jin Jiang

FOR THE SECOND time in two years, Radisson Hotel Group will have a new owner. HNA Group of Hainan Island, China, on Aug. 9 agreed...

North Point Hospitality to expand its Nashville footprint

NORTH POINT HOSPITALITY of Atlanta, Georgia, plans to expand its presence in Nashville. Just a few months from opening Marriott’s first tri-branded hotel in Music...

TRENDS & ISSUES

STR: U.S. hotel room pipeline grew 0.8 percent in July

THE NUMBER OF hotel rooms in the U.S. pipeline rose 0.8 percent in July over the same time last year, according to STR. It...

Pipeline activity reveals developer sentiment, says Lodging Econometrics

HOTEL DEVELOPERS ARE feeling a bit anxious these days, or so the numbers tell us. Lodging Econometrics on Aug. 1 reported a moderate growth in...

U.S. hotel construction starts to drop through 2022, reports ConstructConnect

THE DOLLAR VOLUME in construction starts in the U.S. commercial sector will decline by more than 10 percent this year, according to ConstructConnect, a...

Hotel stock index rises in July, but still down year-to-date

IT’S A GOOD NEWS/bad news situation for the Baird/STR Hotel Stock Index. The index rose 0.2 percent in July to 4,874 points, but remained...

Marriott, Hilton and IHG rule the second quarter pipeline

MARRIOTT INTERNATIONAL, HILTON Worldwide and InterContinental Hotels Group had the top three construction pipelines in 2018’s second quarter, according to Lodging Econometrics. Combined they...

CBRE: ADR and RevPAR grew fast in the second quarter

U.S. HOTELS’ ADR and RevPAR saw some fast growth in the second quarter, according to CBRE Hotels Americas Research. Demand grew as well, while...

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