STR: U.S. hotel occupancy up 0.8 percent in the week ending May 18
U.S. HOTELS REPORTED positive performance results during the week of May 12 to 18, according to STR. Parts of California saw the highest occupancy...
Gig economy booms in hospitality industry
FREELANCERS AND CONTRACTORS could represent more than half of the country’s workforce by 2019, according to a recent study. It’s a trend from which...
Surveys show consumer views on Airbnb
IN WHAT MAY be a case of “Know thy enemy” for some, a pair of recent surveys reveal what consumers like, and what they...
CBRE: Attrition and cancellation fees a significant source of revenue in 2009 and 2010
CANCELLATIONS OF RESERVATIONS are not complete losses for hotels, thanks to the fees charged when the cancellation comes past a prescribed deadline. New data...
STR: U.S. hotel construction grew 10 percent in April
THE NUMBER OF hotel rooms in the final phase of U.S. development pipeline rose 9.9 percent in April over the same time last year,...
LE: U.S. hotel pipeline near record in 2019’s first quarter
THE U.S. HOTEL pipeline grew 7 percent in terms of projects and 8 percent in terms of rooms during the first quarter of 2019...
Hotel stock index rises 5.3 percent in April
THE BAIRD/STR Hotel Stock Index witnessed a significant 5.3 percent increase in April to 4,886. The year-to-day performance through the first four months of...
U.S. hotels add 72,000 jobs in April
THE U.S. LEISURE and hospitality industry added 72,000 jobs in April over the same time previous year, according to the U.S. Bureau of Labor...
Profit growth becoming harder to achieve, reveals CBRE report
LAST YEAR WAS the ninth in a row to see increasing profit for U.S. hotels, according to CBRE Hotels Americas Research. However, CBRE’s research...
Survey shows the nightcap is escaping tradition
THE OLD-FASHIONED idea of a nightcap may give teetotalers pause, but a new survey by Cambria Hotels, Choice Hotels International’s upscale brand, found that...
