CoStar: P&L Data Shows Improvement in Group Business
WASHINGTON—Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023...
CBRE: Investors to Purchase More U.S. Commercial Real Estate in 2024
DALLAS—Investors are poised to purchase more U.S. commercial real estate in 2024 as they anticipate improved credit conditions as interest rates fall later this...
AHLA: 72 Percent of U.S. Travelers to Maintain or Increase Hotel Stays in 2024
WASHINGTON—Seventy-two percent of U.S. travelers say they plan to either maintain or increase their number of hotel stays in 2024 compared to 2023, and...
Extended Stay America Grows Franchise Portfolio by 20 Percent
CHARLOTTE, North Carolina—Extended Stay America announced its growth outlook through franchising, following the momentum from a year of milestones, including 20 percent growth of...
Four Financial Changes That Impact the Hospitality Industry’s ‘New Normal’
In 2019, the United States enjoyed the unprecedented 11th year of economic growth since the “Great Recession.” Economists predicted an economic downturn; the only...