STR: U.S. Hotel Performance Grows Year Over Year
HENDERSONVILLE, Tennessee—U.S. hotel performance showed mixed results from the previous week but grew year over year, according to STR's latest data through May 6,...
IHG Reports Q1 2023 Trading Update
IHG Hotels & Resorts released its Q1 2023 trading update. Highlights from the results include:
Q1 group RevPAR up 33 percent versus 2022 with Americas...
Hyatt Hotels Corporation Reports Q1 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported first quarter 2023 financial results. Highlights include:
Net income was $58 million in the first quarter of 2023 compared to a...
Pebblebrook Hotel Trust Closes Sale of Hotel Monaco Seattle
BETHESDA, Maryland—Pebblebrook Hotel Trust announced that it closed on the sale of the 189-room Hotel Monaco Seattle in Seattle, Washington, for $63.3 million to...
Choice Hotels International Reports Q1 2023 Financial Results
ROCKVILLE, Maryland—Choice Hotels International, Inc. reported its first quarter 2023 results.
Total revenues reached $332.8 million for the first quarter of 2023, a first-quarter record...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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