STR: U.S. Hotel GOPPAR Fell in May 2023
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, according to STR's May 2023 P&L data release.
U.S. Hotel...
STR: U.S. Hotel Performance Remains Flat
HENDERSONVILLE, Tennessee—U.S. hotel performance remained mostly flat from the previous week, and year-over-year comparisons remained mixed, according to STR's latest data through June 24,...
STR: Year-Over-Year U.S. Hotel Performance Comparisons Remain Mixed
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR's latest data through June 17, 2023.
U.S. Hotel...
STR: U.S. Hotel Industry Reports Higher Performance in May 2023
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance from the month prior, according to May 2023 data from STR.
U.S. Hotel Performance
May 2023
Occupancy: 64.8 percent...
Parking Profits: As Occupancy Stalls, Hoteliers Increase Revenue From Drive-In Guests
Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in...
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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...
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...
Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
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