by Timm Hotel | Jan 9, 2025 | Hotel Industry News, Hotel News
Inbound international travel to the United States has been steadily rising year over year since the COVID-19 pandemic, and 2025 figures to be more of the same. Success with driving this travel has been market dependent. In Southeast markets such as Miami and Northeast...
by Timm Hotel | Sep 20, 2024 | Hotel Industry News, Hotel News
Hotel development in the United States has reached its highest level in more than a year, with more than one hundred fifty seven thousand rooms currently under construction and another six hundred thousand in the planning pipeline. While global hotel construction has...
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...
