Hotel companies raise 2023 revenue expectations - A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to RevPAR projections.
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Russian travel ban not derailing European hotels recovery - Most European hoteliers are shrugging off the impact of the Russian travel ban on hotel demand.
May 4, 2023 • Hospitality
CoStar launches next generation of STR - The company announced the launch of STR Benchmarking, a transformational market share product for the global hotel industry.
May 4, 2023 • Hospitality
U.S. hotel TRevPAR highest on record in March - U.S. hotel total revenue per available room was the highest for any month on record, according to STR‘s March 2023.
May 3, 2023 • Hospitality
Marriott: Q1 corporate travel steady, rates rise - First-quarter business transient revenue in the U.S. and Canada was 90% recovered compared with 2019 levels.
May 3, 2023 • Hospitality
Marriott, Hilton, and IHG dominate U.S. hotel construction pipeline - Lodging Econometrics analysts detail the leading franchise companies and their brands in the construction pipeline at the close of the first quarter.
May 3, 2023 • Hospitality
Accor expects full occupancy rebound early next year - Accor’s hotels had an average occupancy of 60% in the first quarter. That was 4.5% points below its 2019 level.
May 1, 2023 • Hospitality
Travel demand recovery may hit inflation wall soon - The pent-up travel demand may run out of steam in the second half of 2023 as rising risks of a recession threaten consumer spending.
Apr 27, 2023 • Hospitality
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