August 2023

CoStar: U.S. Hotels Show Overall Lower Performance

WASHINGTON—U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through August 5, 2023....
hospitality technology - business person on tablet with analytics

STR and TE Revise U.S. Hotel Forecast, Lower Growth Projections

NASHVILLE—STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-2024 U.S. hotel forecast presented at the Hotel Data Conference. For 2023, growth...

CoStar: U.S. Hotel GOPPAR Fell for Second Consecutive Month

WASHINGTON—U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, according to CoStar's June 2023 P&L...

CoStar: U.S. Hotel Performance Declines From Previous Week

WASHINGTON—U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through July 29,...

CoStar: U.S. Hotel Occupancy Reaches Highest Level Since 2019

WASHINGTON—U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through July 22, 2023. U.S....
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hotel construction

Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...

Wyndham Hotels & Resorts Reports Q1 2024 Results

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended March 31, 2024. Highlights include: Global RevPAR grew 1 percent in constant...
Comings & goings

This Week’s Comings & Goings

Concord Hospitality announced the appointment of Will Loughran as its new chief operating officer. He will report to Mark Laport, president and CEO. He...
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