A new analysis completed in partnership between the American Hotel & Lodging Association (AHLA) and Kalibri Labs projects hotel leisure travel revenue to be 14 percent higher by the end of this year than it was in 2019, with top cities like Orlando, Miami and...
With the close of this transaction, Choice Hotels International has added approximately 67,000 rooms, expanding its presence in the higher revenue upper upscale and upscale full-service segments, and bolstering its core upper-midscale hospitality segment, particularly...
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...
