March metrics ‘good indicator’ of pricing power, says STR

Tuesday, April 22, 2014 – REVPAR AT U.S. hotels increased an average of 7.2 percent to $75.31 in March, reports STR. Occupancy was up 2.9...
Labor costs make up most the expenses faced by hotels, according to CBRE hotels' Americas Research.

CBRE: Labor still highest cost for hotels

However, most rooms departments remain profitable LABOR AND RELATED expenses remain the largest expense faced by hotels, according to CBRE Hotels’ Americas Research. But recent...

J.D. Power index measures increases in hotel guest satisfaction

HOTEL GUESTS ARE increasingly satisfied with their experience, according to the J.D. Power 2018 North America Hotel Guest Satisfaction Index. The guests’ overall satisfaction...

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...

Survey: Hotels expect more growth in F&B services

FOOD AND BEVERAGE revenues for hotels are expected to increase, and hotels are adding more F&B square footage to new builds and remodeled properties,...

Wayfair and Wyndham join forces

SIXTEEN YEARS AGO, Wayfair Inc.'s Niraj Shah and fellow Cornell graduate Steve Conine bet American homesteaders would grow as comfortable with shopping for furniture...

Hotel asks guests to name its mattresses

A Gujarat-born disc jockey turned hotel developer has launched what he hopes is an attention-getting promotional campaign for his new property in Brooklyn, N.Y. The...

Hotel stocks dip in August

HOTEL STOCKS DIPPED 1.9 percent in August on the Baird/STR Hotel Stock Index, which closed at 4,099 points. More bearishness is expected as the...

Study: Brand’s online reputation most important to travelers

TRAVELERS CONSIDER A hotel’s brand more than chain scale segment or location in writing reviews that influence the hotel’s online reputation, according to a...

Construction costs will rise in face of hurricane recovery, say experts

OVER THE PAST few months, the U.S. hotel industry has seen a slowing in the number of new hotel projects. In the wake of...