Market Report U.S.
U.S. Hotel Performance for Week Ending April 27th
As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
Hospitality technology companies requested to participate by May 15, with subsequent report presented this June.
The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come.
First Major Hotel Sale in the Market Since Early 2023 Signals Rebound of Hotel Market Sales
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.
Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice's canals to the Las Vegas desert, gondoliers and all. Today, coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by its $1.5 billion reinvestment project.
In the second article in this three-part series exploring luxury hotels and how a 'sense of place' helps differentiate a luxury hotel and build loyalty, Suzanne Godfrey, consultant and lecturer in luxury and luxury hospitality, examines how the brand's identity can elevate the hotel experience and create a unique sense of place.
Revenue per available room (RevPAR) fell 2.2% year over year (YoY) in March, marking the first such decline since February 2021.
Sources predict that hotels' pricing power will remain strong. However, we don't need a pandemic recovery to fall into the trap of overpricing. Why do we do this?
Operating under the ownership of Nightcap Management, LLC, avid hotel and Candlewood Suites North Platte marks the first milestone in an exciting growth trajectory for the dual-brand pairing, with more than 40 additional hotels in the pipeline.
LinkedIn is more than just a platform for networking - it is a critical tool for career advancement and professional visibility. Leveraging insights from the recent meeting of the HSMAI Sales Advisory Board members, here are seven tips you can use to become a LinkedIn thought leader.
Here at HSMAI we are ramping up efforts to invigorate our member base and foster robust market-specific growth. As we move into 2024, our strategic priority to 'broaden our reach' takes center stage, focusing on developing new markets and enhancing the member value proposition through localized engagement.
Recent studies highlight a significant trend: Gen Z (aged 18 - 24) is turning to social media for their travel searches. This age group bypasses Google in favor of visually-driven platforms like Instagram (67%) and TikTok (62%) to find places to stay.
Guests staying at Home2 Suites by Hilton now have access to seamless mobile ordering and delivery via Grubhub Onsite, available at nearly 600 properties nationwide.
The hotel features 186 guest rooms; an exciting dining and social concept called Emerald Lounge; 1,000 sq. ft. of meeting space; a fitness center featuring state-of-the-art equipment; and a 1,100 sq ft yoga studio.
We ask Matthew what led him to his role, what the future of AI means for travel managers, and what we can expect in the future.
Using Tripleseat QR Codes is a strategic business move that offers tremendous benefit for event management at your venue, including improved financial risk mitigation to ensure prompt event payments, streamlined payment processing, and an enhanced guest experience.
Thousands of Choice hotel owners and operators gather in Las Vegas for educational sessions, a vendor marketplace and to hear how Choice plans to continue driving strong results for its system
NEW tools take center stage at the company's largest Users' Conference on record, including embedded payments, learning management, client incentives and more
TravelBoom's 2024 Hotelier Study takes an insightful look at the current market and industry hurdles and offers solutions for overcoming these challenges. Do you want to know what industry challenges have fellow hoteliers most worried, and gain practical solutions? Read on for a full recap of the 2024 Hotelier Study.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 89-key TownePlace Suites by Marriott Tomball, an under-construction, extended-stay, limited-service hotel asset in Tomball, Texas, which is part of the Houston–The Woodlands–Sugar Land MSA.
The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) reveals, at Q1 2024, there are 314 projects/39,628 rooms in the total pipeline. This new record-high in project counts represents an impressive 11% increase in project counts and a 5% increase in room numbers year-over-year (YOY).
Demand for travel to destinations across the Americas is on the rise, a new report released today by Amadeus in collaboration with UN Tourism shows.
Residence Inn by Marriott Chicago Downtown Magnificent Mile is nestled in the heart of the Mag Mile, offering numerous shops, restaurants, and entertainment options, as well as the vibrant Millennium Park. The picturesque hotel offers guests convenient access to the Art Institute of Chicago, Water Tower Place, Navy Pier, Lakefront Trail, the Chicago Riverwalk and the Lincoln Park Zoo.