HotStats: Omicron variant could derail hotel industry’s recovery
THE OMICRON COVID-19 variant could derail the hotel industry’s fledgling recovery if countries like the U.S. move forward to tighten testing policies, according to...
STR: Profits in March half of 2019 levels
FOR MONTHS, HOTEL industry experts have tried to predict when profits would return to 2019 levels. In March, U.S. hotels reached the halfway point,...
STR: U.S. hotel performance improved in May’s second week
U.S. HOTEL PERFORMANCE improved in the second week of May compared to the week before, according to STR. Occupancy, ADR and RevPAR all rose...
STR: Winter storm pushes Texas hotels’ occupancy to 50-week high
THE WINTER STORM that brought unusual snow to Texas knocked out power and water to millions of homes. That drove many residents to take...
STR: ADR up in second week of December
U.S. HOTEL PERFORMANCE increased in the second week of December, according to STR. ADR was up during the week when compared to same period...
STR: U.S. weekly hotel occupancy nears 71 percent despite year-over-year decline
U.S. hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR‘s latest data through June 17.
During the week ending...
LE: U.S. led 2023 global construction pipeline with 5,964 projects
THE GLOBAL HOTEL construction pipeline achieved unprecedented project counts in the fourth quarter of 2023, led by the U.S. with 5,964 projects and 693,963...
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...
STR: U.S. hotels see 0.8 percent occupancy increase in January
THE U.S. HOTEL industry started 2020 with increases in RevPAR in January, rates and occupancy, according to STR. However, concerns linger over the impact...
CBRE: Spa revenue surpassed room and total operating revenues in 2018
U.S. HOTELS HAVE reported a higher spa revenue than room revenue and total operating revenue, according to CBRE Trends in the Hotel Spa Industry....
