Mild recession to have limited effect on hotels - Rate expected to be main driver of revenue until occupancy growth returns in 2024.

Aug 22, 2023 • Hospitality

July U.S. hotel rates rise, occupancy slips again - July reflected continued improvement in business and group travel, according to STR.

Aug 22, 2023 • Hospitality

US hotels focus on margins in first half of 2023 - Hotels saw general pressure on profit margins in the first half of 2023, with GOP margin falling by 1% point compared to the same period in 2022.

Aug 21, 2023 • Hospitality

As demand levels off, hoteliers remain focused - The hotel industry, from economy to luxury, is experiencing a normalization in rates and demand.

Aug 16, 2023 • Hospitality

Slower-than-usual summer for Whistler’s tourism - The summer season is proceeding at a slower pace than in pre-pandemic years, prompting hotels to reduce prices in an effort to stimulate demand.

Aug 14, 2023 • Hospitality

STR forecasts lower growth for U.S. hotels - STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast.

Aug 11, 2023 • Hospitality

Labor costs kept U.S. hotel GOPPAR down in June - U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month.

Aug 9, 2023 • Hospitality

Europe’s key hotel markets report highest GOPPAR of 2023 - Among the key markets, Paris posted the highest GOPPAR level, which was a 105.8% increase over May and 40.8% year-over-year.

Aug 9, 2023 • Hospitality