Skip to content

Search

Latest Stories

STR: U.S. hotel performance drops in Easter week

Tampa saw the highest occupancy increase over 2019

STR: U.S. hotel performance drops in Easter week

Occupancy was 62 percent for the week ending April 16, down from 66.4 percent the week before and down 5.6 percent from 2019. ADR was $147.25 for the week, down from $150.45 the week before and up 14.4 percent from 2019. RevPAR reached $91.25 during the week, down from $99.93 the week before and up 8 percent from three years ago.

Among STR’s top 25 markets, Tampa saw the highest occupancy increase over 2019, up 3.2 percent to 76.6 percent.


Phoenix posted the largest ADR increase in the week, up 33.8 percent to $189.16, over 2019.

Minneapolis experienced the largest occupancy decrease, dropped 22.7 percent to 46.6 percent, when compared to two years ago.

The steepest RevPAR deficits were in Minneapolis, dipped 22.5 percent to $52.66 and Houston, decreased 21.2 percent to $53.94, over 2019.

More for you

Ameyalli Park City by Appellation resort

Appellation, Chopra launch Utah retreat

Introducing Ameyalli Park City by Appellation

APPELLATION HOTEL BRAND co-founders Charlie Palmer and Christopher Hunsberger are working with wellness expert Deepak Chopra to launch a new branded hospitality concept, “Ameyalli Park City by Appellation”, near Park City, Utah. The 78-acre retreat, set to open in 2026 in Midway, will include an 80-key hotel, a wellbeing center and multiple dining venues.

The resort will feature the Ameyalli Center of Excellence, offering health and longevity programming based on Chopra’s seven pillars of wellbeing: emotional regulation, sleep, mindfulness, movement, relationships, nutrition and laughter. Appellation will operate the property.

Keep ReadingShow less
Hyatt CEO Mark Hoplamazian receives Cornell Icon Award and renews RiseHY youth hiring initiative in the hospitality sector

Hyatt’s Hoplamazian is Cornell Hospitality Icon

Who is the CEO of Hyatt and why was he honored?

Mark Hoplamazian, president and CEO of Hyatt Hotels Corp., received the Cornell Hospitality Icon of the Industry Award on June 3 in New York, recognizing his 18 years of leadership. The company also renewed its RiseHY commitment to hire 5,000 additional opportunity youth across the company and its hotels by the end of 2028.

The program provides employment access for individuals disconnected from the economy and supports their workforce participation through ongoing investment, Hyatt said in a statement.

Keep ReadingShow less
Red Roof and Bridge partner to streamline hotel financing for U.S. owners and developers

Red Roof, Bridge to provide capital to owners

RED ROOF IS working with digital financing platform Bridge, led by Rohit Mathur as CEO, to improve access to capital for hotel owners and developers. The partnership allows Red Roof owners and operators to submit loan requests in about 10 minutes and access Bridge’s network of more than 150 lenders.

The platform provides loan terms by packaging each opportunity with data and side-by-side comparisons to support decision-making, the companies said in a joint statement.

Keep ReadingShow less
Hyatt Unscripted brand hotel showcasing adaptive reuse design

Hyatt adds ‘Unscripted’ to Essentials portfolio

What is Unscripted by Hyatt and how does it work?

HYATT HOTELS CORP. recently added the Unscripted brand, part of Dream Hotel Group, to its Essentials portfolio. Rebranded as Unscripted by Hyatt, it targets growth through adaptive reuse and conversion-friendly projects, filling a gap in Hyatt’s offerings.

More than 40 hotels globally are in discussions to join the brand, which offers independent properties and small portfolios an operating model with minimal oversight and flexible brand standards, Hyatt said in a statement.

Keep ReadingShow less