CoStar: U.S. hotels post varied performance results in first week of September
U.S. HOTEL PERFORMANCE demonstrated fluctuations from the prior week, aligning with customary seasonal trends, according to CoStar. Occupancy, ADR, and RevPAR rates declined in...
Survey: Revenue management technology improves hotel performance
HOTELS CAN ENHANCE profitability through greater reliance on revenue management technology tactics, according to IDeaS, a revenue management service provider. The survey examines how...
CoStar: U.S. hotels demonstrate mixed trends in accordance with seasonal patterns
U.S. HOTEL PERFORMANCE maintained a mixed trend compared to the previous week, in line with ongoing seasonal patterns, according to CoStar. However, there were...
Report: U.S. extended-stay segments see muted growth in July
EXTENDED-STAY HOTELS experienced limited growth in July, reflecting the summer travel season's tendency to favor the overall hotel industry more than extended-stay establishments, according...
CoStar: U.S. hotel performance continues to decline in last week of August
U.S. HOTEL PERFORMANCE persisted in its downward trend during the last week of August, influenced by seasonal patterns in contrast to the previous week,...
CoStar: U.S. hotel performance reflects seasonal trends for week ending Aug. 19
U.S. HOTEL PERFORMANCE declined in the week ending August 19 compared to the previous week, consistent with seasonal patterns, according to CoStar. However, year-over-year...
CBRE lowers near-term outlook for hotels amid softened summer demand
LOWER-THAN-EXPECTED summer demand will affect U.S. hotel performance, resulting in a second quarter RevPAR shortfall, according to CBRE. It has revised its 2023 RevPAR...
CoStar: U.S. hotel performance continues downward trend in the second week of August
U.S. HOTEL PERFORMANCE declined during the second week of August compared to the previous week, according to CoStar. However, the results primarily displayed positive...
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...