STR: Hotel profitability in April exceeds pre-pandemic levels for second month
THE PROFITABILITY OF U.S. hotel exceeded pre-pandemic comparable levels for a second consecutive month in April, according to STR. The GOPPAR, TrevPAR and EBITDA...
HotStats: U.S. hotels profit slightly improved in third quarter
THE THIRD QUARTER ended with U.S. hotels making slightly better profits than in the second quarter, but still struggling compared to prior years, according...
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...
U.S. hotel performance rises in first week of December
U.S. HOTEL PERFORMANCE saw a significant increase in the first week of December compared to the previous week, with improvements in hotel occupancy, ADR...
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,...
Kalibri Labs: Occupancy rates flat at around 27 percent
U.S. OCCUPANCY RATES nationwide remained flat as of May 12 with some upward movement in leisure travel, according to hospitality data and analytics firm...
White paper: The right accounting package maximizes savings
HOTELIERS SHOULD INVEST in accounting packages that drive financial performances across portfolios and maximize cost savings, according to a new white paper from accounting,...
STR: Occupancy reaches high again in week of July 24
ANOTHER WEEK, ANOTHER high in performance for U.S. hotels as occupancy levels continued to increase in the third week of July, according to STR....
Report shows group travel increased in March
ANYONE WORRIED ABOUT whether group travel will return soon should be less concerned, according to research firm Knowland. The firm’s report for March found...
Higher interest rates push Baird/STR index down 2 percent in September
THE BAIRD/STR HOTEL Stock Index dropped 2 percent to 5,739 in September, influenced by higher interest rates impacting stock prices and investor sentiment, according...
