U.S. hotels posted record-high ADR and RevPAR in 2023 - The U.S. hotel industry posted its highest average daily rate and revenue per available room on record in 2023, according to STR.

Jan 22, 2024 • Hospitality

European hospitality sector outlook 2024 - Leisure has been the primary leader of the recovery and investors will continue to hunt for opportunities in this sector, especially with a value-add angle.

Jan 11, 2024 • Hospitality

Hotel group bookings, revenue ramp up in 2024 - Group demand is coming back at a stronger clip in 2024, and for some hotel companies it's shaping up to be a landmark year.

Jan 4, 2024 • Hospitality

Paris hotels triple prices for Olympics opening night - Rates are now more than 1,000 euros on average for the opening night of the 2024 Olympic games, according to a new study.

Jan 4, 2024 • Hospitality

2023 is the new baseline for hospitality benchmarking - U.S. hoteliers project an overall sense of normalization across the board in 2024, but it's hard to say which trends will permanently result in a new normal.

Jan 3, 2024 • Hospitality

Group travel, international visitors to bolster US hotels in 2024 - CBRE predicts economic headwinds nationwide but also noted that urban hotels in markets like Los Angeles and New York City could see boosts.

Jan 3, 2024 • Hospitality

Rate growth lifts November US hotel performance - New York City experienced the highest occupancy level with 84.0%, which was up 6.3% year over year.

Dec 21, 2023 • Hospitality

US hotel profits grow despite dip in demand - Revenue from hotel food and beverage operations helped to drive U.S. hotel profitability in October.

Dec 18, 2023 • Hospitality