Industry News
Oyo finalizes G6 deal, replaces CEO, eyes expansion
INDIA-BASED ORAVEL STAYS, parent company of travel technology firm Oyo, completed the previously announced $525 million acquisition of G6 Hospitality from Blackstone Real Estate....
FTC finalizes rule for hotel ‘junk fees’
THE FEDERAL TRADE Commission finalized a rule on Tuesday requiring industries, including hotels, to disclose all fees upfront in advertised prices. The rule bans...
TRENDS & ISSUES
U.S. hotels’ weekly metrics mixed in second week of December
U.S. HOTEL PERFORMANCE showed mixed results in the second week of December compared to the previous week, according to CoStar. However, the industry reported...
CoStar: U.S. hotel metrics rise in early December
U.S. HOTEL PERFORMANCE improved in the first week of December, showing higher week-over-week and year-over-year results, according to CoStar. Chicago recorded the largest year-over-year...
CoStar: Thanksgiving shift slows YOY hotel performance
THE SHIFT IN the Thanksgiving calendar led to lower year-over-year performance for the U.S. hotel industry in the fourth week of November, according to...
CoStar: Thanksgiving boosts YOY hotel performance in week ending Nov. 23
THE THANKSGIVING CALENDAR shift boosted year-over-year performance comparisons for the U.S. hotel industry during the third week of November, according to CoStar. However, occupancy,...
CoStar: Veteran’s Day scrambles hotel performance in week ending Nov. 16
THE VETERAN’S DAY calendar shift led to mixed year-over-year performance comparisons for the U.S. hotel industry in the second full week of November, according...
CoStar: U.S. hotel performance dips YOY during election week
U.S. HOTEL PERFORMANCE improved in the first week of November, though year-over-year comparisons remained negative as expected due to the U.S. election, according to...
