U.S. HOTEL PERFORMANCE declined slightly in the fourth week of October, though year-over-year comparisons remained positive, according to CoStar. Key metrics, including occupancy, RevPAR, and ADR, saw slight decreases from... Read More
Author: asiantrader
HILTON WORLDWIDE HOLDINGS reported a 1.4 percent increase in systemwide comparable RevPAR, on a currency-neutral basis, for the third quarter compared to the same period in 2023. Net income for... Read More
THE U.S. PIPELINE reached a record 6,211 projects and 722,821 rooms, up 9 percent and 7 percent year-over-year, according to Lodging Econometrics’ third quarter 2024 U.S. Hotel Construction Pipeline Trend... Read More
U.S. EXTENDED-STAY ROOM supply increased 3 percent in September, outpacing the average monthly growth of the past two years, according to The Highland Group. This rise partly reflects the addition... Read More
NOBLE INVESTMENT GROUP recently acquired the Courtyard by Marriott and the dual-brand Hyatt House & Hyatt Place in Fishers, Indianapolis. The newly built hotels are in the Fishers District, a... Read More
U.S. HOTEL PERFORMANCE improved in the third week of October, with positive year-over-year comparisons, according to CoStar. Key metrics showed a slight decrease in occupancy, while RevPAR and ADR increased... Read More
MORE THAN HALF, or 51 percent, of those traveling to celebrate winter holidays this year will hit the road rather than take to the sky at 13 percent, according to... Read More
THE “DIGNITY OF Work Pledge,” launched by the American Hotel & Lodging Association and Procure Impact, a B2B marketplace for overlooked communities, led 23 hospitality companies to commit more than... Read More
THE U.S. HOTEL construction pipeline increased year-over-year in September for the seventh straight month, according to STR. Investor sentiment remains positive following the Federal Reserve’s September interest rate cut, as... Read More
THE AMERICAN HOTEL & Lodging Association and World Wildlife Fund have revamped the “Hotel Kitchen” platform to help U.S. hoteliers reduce food waste, divert food from landfills and lower operating... Read More