The future of hospitality: 2021 and beyond The pandemic in 2020 affected the hospitality industry severely—as we have never seen before. The effects have been even greater than what we saw in 2001 and 2008. This mega-event has shaken all our assumptions about...
Wave of High-Priced Transactions Boosts Attractiveness of Construction Financing While lending for new U.S. hotel development lags behind loans for transactions and refinancing deals, the segment is making its return. Sources of capital have been wary of investing in...
Gross operating profit for U.S. hotels improved to 84 percent of the comparable 2019 level, according to STR’s June 2021 profit and loss data release. Labor costs also rose from the previous month and in comparison with 2019. Each of the key profitability...
Wyndham Hotels & Resorts has unveiled its 21st brand, Registry Collection Hotels, adding a luxury offering to the upper end of the company’s growing portfolio. The brand’s flagship resort is the 144-room, all-suite Grand Residences Riviera Cancun in Mexico. The...
Hotel Booking Window Remains Short, Could Lengthen This Summer Passengers wearing protective masks check in and drop off luggage at the Delta Air Lines ticket counter at Hartsfield-Jackson Atlanta International Airport in Atlanta. (Bloomberg/Getty Images) By Dana...
