Skip to content

Search

Latest Stories

U.S. hospitality health metric hits four-quarter high in Q3

All top 25 markets, except San Francisco, had index scores above 100 percent

U.S. hospitality health metric hits four-quarter high in Q3

U.S. HOSPITALITY BUSINESSES reported a year-over-year health metric of 107.9 percent for the third quarter of 2024, according to the Hospitality Group and Business Performance Index by Cendyn and Amadeus. This marks the highest index rating in four quarters.

The top 10 city rankings are:


  1. Houston:           120 percent
  2. New Orleans:     118 percent
  3. Chicago:           114.8 percent
  4. New York City:  112.1 percent
  5. Washington DC: 111.1 percent
  6. Philadelphia:      110.7 percent
  7. Boston:            110.3 percent
  8. Detroit:           110.1 percent
  9. Seattle:            109.7 percent
  10. Denver:        108.1 percent

All top 25 markets, except San Francisco, achieved index scores above 100 percent. Houston and Philadelphia led in GDS performance, while the top group growth markets were New Orleans with 152.6 percent, Chicago with 123.6 percent, and Houston with 115.3 percent.

The index integrates event data from Cendyn’s Sales Intelligence platform, formerly Knowland, with hotel booking data from Amadeus’ Demand360 travel solution, reflecting performance across group, corporate negotiated, global distribution system and events.

Insights from the index include:

  • Overall health: The third quarter reached 107.9 percent, the highest index rating in four quarters and the second consecutive quarter above 100 percent.
  • Group performance: Reached 106.1 percent, driven by a 1 percent increase in room nights and a 5 percent rise in ADR, marking eight consecutive quarters of growth.
  • Indirect channels: GDS grew to 113.5 percent from 112 percent in the second quarter, with an 11 percent rise in room nights and a 2.4 percent increase in ADR.
  • Negotiated performance: Growth reached 101.6 percent, with a 2.2 percent decline in room nights offset by a 3.9 percent rise in ADR.
  • Events performance: Events were the second-highest segment after GDS, with volume at 110.2 percent compared to the same period last year.
  • Meetings: Hotels saw growth from meetings and events, with an average of 136 attendees per event. Average space usage shifted slightly from 4,025 to 3,766 square feet. Key markets included Las Vegas at 124.1 percent, Detroit at 123.5 percent, and Atlanta at 123 percent.

In October, Phoenix led the top 25 markets with 19.7 percent year-over-year growth, according to Cendyn’s Sales Intelligence platform. This was its first time at the top this year, driven by events in national associations, technology, healthcare, and financial services.

More for you

Global Hotel Rates to Stay Stable in 2026

Report: Global hotel rates steady despite uncertainty

Summary:

  • Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
  • New York is a key business travel and meetings destination.
  • India is likely to be a focus for travel programs during 2026 negotiations.

GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.

AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.

Keep ReadingShow less
Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less