Industry News
Red Roof Inn opens in Hutchins, Texas
Red Roof Inn Hutchins is now open in Hutchins, Texas. The 41-room hotel is owned and operated by Jay Patel as his first hospitality...
Moxy debuts in Houston
Moxy Hotels Houston is open in Houston, Texas. It is owned by Highrock Hospitality LLC, led by Nitin Kasan. The 118-room Moxy Hotels Houston is...
TRENDS & ISSUES
Baird/STR Index rises 9.3 percent in November
THE BAIRD/STR HOTEL Stock Index rose by 9.3 percent in November to 6,119, driven by lower interest rates for real estate stocks and overall...
CoStar: Group demand across key markets uplifts U.S. hotel revenue in October
U.S. HOTEL REVENUE and profitability saw a rise in October, propelled by increased group demand across the top 25 markets, according to CoStar’s October...
Report: Extended-stay hotels outperform broader hotel industry in October
EXTENDED-STAY HOTELS OUTPEFORMED the broader hotel industry across all performance metrics in October, marking a notably strong month for the sector, according to The...
CoStar: Thanksgiving holiday dims U.S. hotel performance in fourth week of November
U.S. HOTEL PERFORMANCE witnessed an expected decline in the fourth week of November from the previous week, attributed to the Thanksgiving holiday, according to...
CoStar: U.S. hotel performance varied in third week of November
U.S. HOTEL PERFORMANCE exhibited mixed year-over-year comparisons in the third week of November, according to CoStar. Moreover, both occupancy and RevPAR declined compared to...
STR and TE upgrade U.S. ADR, RevPAR forecast for 2023
STR AND TOURISM ECONOMICS have increased year-over-year growth projections for ADR and RevPAR in the final revision of the U.S. hotel forecast for 2023....
