Skip to content

Search

Latest Stories

U.S. hotels’ performance up week of Sept. 14, YOY results down

San Diego led YOY occupancy gains, up 10.5 percent to 79.9 percent

U.S. hotels’ performance up week of Sept. 14, YOY results down

U.S. HOTEL PERFORMANCE improved in the second week of September compared to the previous week, but year-over-year results remained negative, according to CoStar. Key metrics—occupancy, RevPAR and ADR—all saw week-over-week growth.

Occupancy rose to 66.6 percent for the week ending Sept. 14, up from 57.8 percent the previous week but 1.7 percent lower year-over-year. ADR reached $162.05, an increase from $149.67 the prior week and 0.2 percent higher than the same week last year. RevPAR climbed to $107.86 from $86.48, though it marked a 1.4 percent decline compared to the same period in 2023.


Among the top 25 markets, San Diego posted the highest year-over-year occupancy gain, up 10.5 percent to 79.9 percent. Chicago recorded the largest ADR increase, up 15.5 percent to $216.57

Las Vegas saw the sharpest RevPAR drop, down 37.2 percent to $171.26, due to a comparison with the week of Dreamforce 2023.

More for you

American Franchise Act announced in U.S. Congress to protect hotel franchising and jobs

House unveils act to boost franchise business

Summary:

  • House introduces AFA to boost franchise model and hotel operations.
  • The act establishes a joint employer standard.
  • AHLA backs the bill, urging swift adoption.

THE HOUSE Of Representatives introduced the American Franchise Act, aimed at supporting the U.S. franchising sector, including 36,000 franchised hotels and 3 million workers nationwide. The American Hotel & Lodging Association, backed the bill, urging swift adoption to boost the franchise model and clarify joint employer standards.

Keep ReadingShow less
Olympic Wage ordinance 2028
Photo credit: Unite Here Local 11

Petition fails to stop L.A. hotels wage increase

Summary:

  • Failed petition clears way for Los Angeles “Olympic Wage” to reach $30 by 2028.
  • L.A. Alliance referendum fell 9,000 signatures short.
  • AAHOA calls ruling a setback for hotel owners.

A PETITION FOR a referendum on Los Angeles’s proposed “Olympic Wage” ordinance, requiring a $30 minimum wage for hospitality workers by the 2028 Olympic Games, lacked sufficient signatures, according to the Los Angeles County Registrar. The ordinance will take effect, raising hotel worker wages from the current $22.50 to $25 next year, $27.50 in 2027 and $30 in 2028.

Keep ReadingShow less
TBO acquires Classic Vacations

India's TBO to buy U.S. Classic Vacations for $125M

Summary:

  • India-based TBO will acquire U.S. wholesaler Classic Vacations for up to $125 million.
  • The deal combines TBO’s distribution platform with Classic’s advisor network.
  • Classic will remain independent while integrating TBO’s global inventory and digital tools.

TRAVEL BOUTIQUE ONLINE, an Indian travel distribution platform, will acquire U.S. travel wholesaler Classic Vacations LLC from Phoenix-based The Najafi Cos., entering the North American market. The deal is valued at up to $125 million.

Keep ReadingShow less
AHLA Foundation expands hospitality education

AHLA Foundation expands hospitality education

Summary:

  • AHLA Foundation is partnering with ICHRIE and ACPHA to support hospitality education.
  • The collaborations align academic programs with industry workforce needs.
  • It will provide data, faculty development, and student engagement opportunities.

THE AHLA FOUNDATION, International Council on Hotel, Restaurant and Institutional Education and the Accreditation Commission for Programs in Hospitality Administration work to expand education opportunities for students pursuing hospitality careers. The alliances aim to provide data, faculty development and student engagement opportunities.

Keep ReadingShow less
PRISM rebrand by OYO parent company

OYO’s parent, Oravel, rebrands as PRISM

Summary:

  • OYO’s parent firm, Oravel, rebranded as PRISM to reflect its global hospitality portfolio.
  • The rebrand emphasizes the group’s focus on technology and growth.
  • It added 150+ hotels to its U.S. portfolio in H1 2025, with 150 more planned by year-end.

ORAVEL STAYS LTD, the parent company of OYO, rebranded as PRISM to reflect its global presence and diversified portfolio. The new identity brings budget stays, hotels, vacation homes, extended living, co-working and event spaces under one structure.

Keep ReadingShow less