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...
STR: U.S. hotel performance down in the first week of March
U.S. HOTEL PERFORMANCE was down in the first week of March from the week before, according to STR. However, ADR was up during the...
STR: U.S. hotel RevPAR is likely to drop 50.6 percent for 2020
THE U.S. HOTEL industry is projected to report a 50.6 percent decline in RevPAR in 2020 due to the impact from the COVID-19 pandemic,...
Report: Spas contribute substantially to U.S. hotel revenues
SPAS HAVE BECOME major revenue contributors for U.S. upper-upscale and luxury hotels, according to the HVS 2019 performance report on spa departments. The report’s...
Report: U.S. extended-stay segments see muted growth in July
EXTENDED-STAY HOTELS experienced limited growth in July, reflecting the summer travel season's tendency to favor the overall hotel industry more than extended-stay establishments, according...
STR: New York leads nation in hotel rooms under construction
NEW YORK CITY is seeing a surge in hotel rooms under construction and in projected openings for the rest of 2021, according to STR....
LE: Slight dip in U.S. hotel construction pipeline in 2021
THE U.S. HOTEL construction pipeline dropped 8 percent by projects and 10 percent by rooms in 2021 when compared to 2020, according to Lodging...
LE: U.S. hotel construction pipeline growth continues in the second quarter
THE U.S. HOTEL construction pipeline continued its growth at the end of the second quarter of 2022 as travel returned, according to Lodging Econometrics....
U.S. hotels’ profits drop nearly 85 percent in 2020, per STR
U.S. HOTELS’ PROFITS dropped 84.6 percent in 2020, according to STR. The industry also went another month little to no profit in December, according...
STR: U.S. hotel performance drops in November, last week of December
U.S. HOTELS PERFORMANCE was down in the fourth week of December compared to the week before, according to STR. The market also saw lower...