by Timm Hotel | Oct 24, 2024 | Hotel Industry News, Hotel News
The volume of U.S. hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s latest September data. U.S. Hotel Pipeline, September 2024 (percentage change from September 2023) In construction: 157,253 rooms (+7.0...
by Timm Hotel | Sep 20, 2024 | Hotel Industry News, Hotel News
The volume of hotel rooms currently being built in the United States hit its highest level in 16 months, according to CoStar’s latest June 2024 data. While globally, the real estate information and analytics company finds hotel construction has dropped or leveled off,...
by Timm Hotel | Jul 18, 2024 | Hotel Industry News, Hotel News
Household Spending Trends, Strength of the Economy Boosts Leisure Dema Runway for More Leisure Travel According to consumer surveys, projected leisure traveler spend in the next 12 months is “off the charts,” Ryan said. “People want to be out...
by Timm Hotel | Jun 24, 2024 | Hotel Industry News, Hotel News
The U.S. hotel industry reported improved performance results from the previous month, according to May 2024 data from CoStar. May 2024 (percentage change from May 2023): Occupancy: 65.7 percent (+1.5 percent) Average daily rate: $160.40 (+2.4 percent) Revenue per...
by Timm Hotel | Jun 6, 2024 | Hotel Industry News, Hotel News
Project Mid-T by Marriott conversions will cost between $15-30K per room with a “low bundled fee” of 10.5%. Note: This story first appeared in Travel Weekly NEW YORK CITY – Marriott International has released details about its new midscale brand, which is under...
