Hotel construction hits 16-month high
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...
US Hotel Demand Trends Show Positive Signs for Leisure, Group and International Travel
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...
CoStar: Improved hotel performance results for May
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...
Marriott reveals some info about new midscale brand
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...
Wyndham adds WaterWalk as third extended-stay brand
Wyndham Hotels & Resorts is launching its 25th brand through a new partnership with extended-stay company WaterWalk. The deal adds 11 hotels and more than 1,500 rooms to the Wyndham...
Labor, Insurance Costs Rising, But U.S. Hotels Continue Comeback
Cost increases plagued the nation's biggest hotel chains in 2023, with expenses like labor and insurance eating into margins. But a steady stream of leisure travelers and higher room rates helped...
The state of US hotel financing
The US Federal Reserve building is seen past caution tape in Washington, DC, on September 19, 2022. (STEFANI REYNOLDS/AFP via Getty Images) Holiday cheer never really infiltrated the US....
BCD Projects Lower 2024 Fares, Higher Hotel Rates in ‘Complex’ Outlook
Hotel Outlook BCD projects average global hotel rates to increase by 6.8 percent year over year in 2024, according to the forecast. "Even as the pace of the recovery shows some signs of slowing,...
Third-Quarter Group Revenues Up for Most US Hotel Companies
U.S. hotel companies and real estate investment trusts reported higher revenues from groups booking rooms in the third quarter. Business Transient Demand Slow and Steady Many publicly traded U.S....
ROI: Hotels adapt to PIP realities
One of the biggest challenges for PIPs and renovations right now comes down to aligning project costs with scope. “It’s difficult to always put your thumb on what pricing for specific products...
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