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Detroit Hotel Market is Shifting Gears

Detroit Hotel Market is Shifting Gears

Following three years of consecutive RevPAR growth and occupancy gains, Detroit has repositioned itself as a key hotel market. With the ongoing recovery of the auto industry and revival of the downtown corridor, hoteliers are starting to see Detroit as ...

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Leisure Reservations Surged in April

Leisure Reservations Surged in April

DALLAS—Pegasus Solutions has issued data showing that the leisure market in North America surged ahead in April by an impressive +7.0 percent, surpassing the global rate of +6.2 percent. Corporate bookings struggled to maintain the record global pace of +8.8 ...

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The Top and Bottom Lines

Developers are attracted to extended-stay (ES) hotels because of the relative simplicity of their operations and their high profit margins. Low levels of staffing combined with limited offerings of services and amenities allow for a significant portion of topline revenues ...

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