Major hotel chain abandons San Francisco - Park Hotels & Resorts is pulling out of two hotels, saying it lacks confidence in the city's ability to overcome "major challenges".

Jun 8, 2023 • Hospitality

Hotel rates may keep rising - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand.

Jun 8, 2023 • Hospitality

Hotel CEOs loving limited rooms and high prices - Many travelers complain about today’s hotel prices. For the last six months, prices in Paris are 50% and in London 30% above 2019 levels.

Jun 7, 2023 • Hospitality

STR lifts U.S. ADR and RevPAR forecast - While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

Jun 6, 2023 • Hospitality

European hotels benefiting from high leisure rates, more international travelers - Hotel performance across Europe got off to a shaky start in 2023 but has turned around in recent weeks.

Jun 2, 2023 • Hospitality

The end of ‘revenge travel’ has arrived for hotels - The reaction of hotel performance metrics to lower leisure demand will be an intriguing summer story, according to Moody's.

Jun 2, 2023 • Hospitality

U.S. hotel forecast revised upward - CBRE has again raised its forecast for U.S. hotel performance, expecting average RevPAR to be up 6% year-over-year.

May 26, 2023 • Hospitality

New Amadeus report highlights pace of change in hospitality industry - Traveler expectations have changed over the past four years, and the hospitality industry of 2023 is not that of 2019.

May 25, 2023 • Hospitality