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...
The hotel industry is closer to the finish line than the starting line of the pandemic, and while leisure demand is still driving the recovery, hoteliers are seeing signs of life in group business and reasons to be optimistic. Speaking during the “North America...
In a further vote of confidence in the future of hospitality—and in the extended-stay sector, specifically—Blackstone and Starwood Capital Group have agreed to acquire Extended Stay America and its paired-share real estate investment trust, ESH Hospitality, for $6...
