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Category: Finance and Development


Finance and Development, Markets

STR: U.S. hotel results for week ending 18 June

June 23, 2022

Via: Hospitality Net

U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR‘s latest data through 18 June. 12-18 June 2022 (percentage change from comparable week in 2019*): Occupancy: 71.8% (-4.8%) Average […]


Finance and Development, Markets

STR: U.S. hotel performance for May 2022

June 21, 2022

Via: Hospitality Net

The U.S. hotel industry reported mixed performance results from the previous month, according to May 2022 data from STR. May 2022 (percentage change from May 2019): Occupancy: 65.1% (-5.0%) Average daily rate (ADR): US$149.91 (+13.4%) Revenue per available room (RevPAR): […]


Finance and Development, Financial

Radisson Hotel Group drives revenue management innovation and celebrates the expansion of The Club by Radisson Hotel Group

June 20, 2022

Via: Hospitality Net

As travel returns to pre-pandemic levels in many EMEA markets, Radisson Hotel Group has launched new strategic revenue targets to capitalize on the increase in demand and adapt to consumers’ new booking patterns in the post-pandemic period. The Group’s revenue […]


Finance and Development, Trends

Groups Plan Ahead, But Leisure Travelers Book Last-Minute

June 20, 2022

Via: Hospitality Net

Guests increasingly are booking hotel rooms closer to the date of their stays, including via walk-ins with no notice, forcing hoteliers to be more flexible and plan ahead to manage last-minute demand. Hotel News Now reached out to hoteliers across […]


Finance and Development, Markets

STR: U.S. hotel results for week ending 11 June

June 16, 2022

Via: Hospitality Net

U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through 11 June. 5-11 June 2022 (percentage change from comparable week in […]


Finance and Development, Markets

Berlin Hotel Occupancy and Room Rates for May Highest Since Late 2019

June 15, 2022

Via: Hotel News Resource

Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR. Occupancy: 77.9% Average daily rate (ADR): EUR114.19 Revenue per available room (RevPAR): EUR88.90 The absolute occupancy level was […]


Finance and Development, Trends

Sharan Pasricha Builds Brands Rooted in Authenticity

June 9, 2022

Via: HospitalityDesign

The first Hoxton hotel opened in London’s Shoreditch neighborhood in 2006. Five years later, it was acquired by Ennismore, the hospitality company founded by Sharan Pasricha. Soon, additional Hoxton outposts began sprouting in cities like Amsterdam, Paris, and New York. […]


Finance and Development, Real Estate

Kimpton Reveals Plans for Two New Builds in the U.S.

June 7, 2022

Via: HospitalityDesign

Kimpton Hotels & Restaurants has launched the development on new projects in Reno, Nevada and Raleigh, North Carolina. Slated to open in late 2024, the forthcoming Kimpton in Reno will occupy 16 stories of a 20-story mixed-use tower, which recently […]


Finance and Development, Markets

U.S. hotel profitability surpassed 2019 levels for second consecutive month

June 2, 2022

Via: Hospitality Net

U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable for a second consecutive month, according to STR‘s April 2022 P&L data release. The GOPPAR, TrevPAR and EBITDA PAR levels were the highest for the country since […]


Finance and Development, Markets

Americans Start Summer Travel Season Beset by Record Gas Prices

June 1, 2022

Via: The Wall Street Journal

Millions of Americans hit the road over Memorial Day weekend, with record-high gas prices pinching their wallets. The national average price for a gallon of regular unleaded gas hit $4.62 as of Monday, according to AAA, $1.58 higher than a […]