Report: U.S. extended-stay hotels report year’s highest occupancy in May
THE OCCUPANCY RATE in U.S. extended-stay hotels has roared back in April and May, with highest average occupancy this reported in May at 76.5...
STR: Hotel profits rise between April and May
GROSS OPERATING PROFITS for U.S. hotels crept closer to 2019 levels in May, according to STR, with each profitability metric came in higher than...
STR: U.S. hotel occupancy reached new high in last week of June
THE RECOVERY CONTINUED in the final full week of June for U.S. hotels, according to STR. Occupancy reached its highest level since late October...
HotStats: Profits competed with costs in May
U.S. HOTELS CONTINUED to show profits in May as travel resumed, according to HotStats. However, revenue labor costs also continued to eat into revenue.
Globally,...
STR: U.S. hotels continue to see improving performance in June
THE RECOVERY CONTINUED for U.S. hotels in the second and third week of June, according to STR. Occupancy hit its highest level in 85...
STR: Recovery continued in May with 59.3 percent
U.S. HOTELS’ CLIMB out of the COVID-19 downturn continued in May, according to STR. Occupancy, RevPAR and ADR all reached a new high in...
AAA: More than 47.7 million to travel on July 4 weekend
AMERICANS ARE TRAVELING again, and the July 4 weekend is expected to see the second highest travel volume for that holiday weekend on record,...
STR: U.S. hotels hit new highs in last week of May
U.S. HOTELS SAW steady performance during the closing days of May, according to STR. Despite coming off the Memorial Day weekend sugar rush, most...
Highland Group: Extended-stay hotels’ occupancy close to 2019 level in April
U.S. EXTENDED-STAY hotels nearly reached 2019 levels in April, according to a report from to hotel investment advisors The Highland Group. Growth in the...
Baird/STR Hotel Stock Index fell 2.8 percent in May
THE BAIRD/STR Hotel Stock Index dropped some in May, down 2.8 percent, according to STR. Investors appear to be waiting to see if an...
