Hunter facilitates sale of Tru Harbison in Columbia, SC
HUNTER HOTEL ADVISORS facilitated the sale of Tru by Hilton Harbison Columbia in Columbia, South Carolina. The seller, Sycamore Investment Group led by Aashay...
Federal per diem rates, lodging allowance get increase for 2024
THE U.S. GENERAL Services Administration announced Wednesday a raise in its standard permissible per diem rates for federal travelers, reaching $166 for fiscal year...
Report: Extended-stay segments outperform broader hotel industry in June
EXTENDED-STAY HOTELS in June mirrored the April and May trend, where the economy segment saw a RevPAR decrease, while upscale extended-stay hotels achieve substantial...
IHG mulls new brand aimed at midscale conversions
IHG HOTELS & RESORTS is set to launch a new brand targeted at midscale conversions, the company said during its first-half earnings call. Although...
Shiny: Tipping probability doubles among loyalty program members
GUESTS TEND TO offer gratuities to hotel associates most frequently on Sundays, while Tuesdays emerge as the least likely day for such gestures, according...
Baird/STR Hotel Stock Index surges 8.2 percent in July
THE BAIRD/STR Hotel Stock Index soared 8.2 per cent in July, reaching 6,074 as global hotel brands take the lead, according to STR. The composers...
STR, TE forecast muted occupancy, RevPAR, and ADR growth for 2023-24
REVPAR PROJECTIONS FOR U.S. hotels in 2023 were reduced by 0.5 percentage points due to a 0.6 percentage point drop in occupancy growth, according...
AAHOA cites Choice arbitration ruling as driver for more reform
THE RECENT ARBITRATION ruling finding Choice Hotels International in violation of its contract with a franchisee in part because it failed to negotiate discounts...
Vision Hospitality Group’s Mitch Patel finds his passion
A quarter century ago, Mitch Patel made a choice to follow his passion by founding Chattanooga, Tennessee-based Vision Hospitality Group. He shared the story...
CoStar: U.S. hotels’ GOPPAR declines in June due to labor cost
GOPPAR FOR U.S. hotels fell year-over-year for a second consecutive month in June, primarily due to the escalating labor costs, according to CoStar’s June...