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Jones Lang LaSalle: New York Hotel Market Overview

Jones Lang LaSalle: New York Hotel Market Overview

The New York lodging sector is among the highest performing markets in the world. Hotel occupancy among upper-tier hotels went nearly uninterrupted during the economic downturn, and, as a result, RevPAR increases have been driven mostly by rate growth, says ...

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All-Inclusive Industry is an Attractive Investment Option

All-Inclusive Industry is an Attractive Investment Option

The all-inclusive industry continues to grow, making it an attractive investment option for U.S.-based owners. As more travelers seek convenience and added value, all-inclusive resorts have been attracting approximately 12 to 12.5 million Americans per year, says Alex Zozaya, CEO ...

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Examining Hotel Labor Costs

Examining Hotel Labor Costs

As revenues continue to grow for most U.S. hotels, the combined cost of salaries, wages, bonuses, and payroll-related expenditures has declined as a percent of total hotel revenue. In 2013, labor costs represented 32.3 percent of total revenue, down from ...

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Starwood Hotels & Resorts Sells St. Regis, Rome

Starwood Hotels & Resorts Sells St. Regis, Rome

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide Inc. has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for approximately $150.7 million. Starwood will continue to operate the hotel under the St. Regis brand flag as part of ...

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