Study: Policies of travel buyers lagging changes in industry
TRAVEL BUYERS IN the U.S are adapting to changes in the business traveler population, according to a recent Global Business Travel Association-Cvent study, although they...
Study: U.S. hotel industry supports 8.3 million jobs annually
THE U.S HOTEL industry supports one in 25 American jobs and pours $660 billion annually into the country’s GDP, according to a new study...
Hotel stock index dropped 6.6 percent in August
THE BAIRD/STR Hotel Stock Index dropped significantly in August, 6.6 percent to 4,561. Sluggish growth and economic uncertainty dampened investor sentiment and created a...
Study: Online reviews influence travelers’ choices
TRAVELERS AROUND THE world use and trust online reviews by other travelers in most of their booking decisions, according to research from one of...
U.S. hotels’ profit rose 2.9 percent in July
JULY WAS, OVERALL, a good month for the U.S. hotel industry, according to HotStats. A 2.9 percent rise in gross operating profit per available...
CBRE forecasts negative RevPAR changes through 2020
THE U.S. LODGING industry can expect more RevPAR dips in 2019 and 2020, but 2021 will bring some improvement, according to CBRE’s Hotel Horizons...
Report: 786 million vacation days went unused last year
A RECORD 768 million vacation days went unused last year because 55 percent U.S. workers did not use their allotted time off, according to...
STR: U.S. hotel occupancy down one percent in second week of August
OCCUPANCY FOR THE U.S. hotel industry fell 1 percent to 71.7 percent during the week of August 11 to 17, according to STR. The...
STR: U.S. hotels see RevPAR rise in July
A SLIGHT SHIFT in the calendar put July’s U.S. hotel performance over the top in a year over year comparison, according to STR. However,...
Study: Hotels will cover interest payments even in downturn
AN ECONOMIC SLOWDOWN may well be on the horizon in the next two years, but the news is not all glum. Even the worst...
