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Category: Finance and Development


Finance and Development, Real Estate

Major Hotel Sales Transactions in the Third Quarter

October 15, 2021

Via: Hospitality Net

The U.S. economy is expected to grow roughly six percent for the year, however with one quarter to go in 2021, this year has done its best to be as tumultuous and volatile as the last. It feels like we’ve […]


Finance and Development, Financial

C3 secures another $10M in funding

October 15, 2021

Via: Restaurant Dive

This latest partnership will give C3 access to Lurra Capital’s global partners, which could facilitate C3’s international growth. C3 plans to reach 12,000 locations by 2023, and each of its current brands generate about $1 million per outlet, according to […]


Finance and Development, Markets

STR: U.S. hotel results for week ending 9 October

October 14, 2021

Via: Hospitality Net

Lifted by the long Columbus Day weekend, U.S. hotel performance rose to a level similar to late-summer, according to STR‘s latest data through 9 October. 3-9 October 2021 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-9.6%) Average daily […]


Finance and Development, Markets

HVS Asia Pacific Hospitality Newsletter – Week Ending 8 October 2021

October 13, 2021

Via: Hotel News Resource

Newly Built Bicol International Airport Fully Opened in Philippines After 12 years of construction at a cost of approximately PHP4 billion, Bicol International Airport (“BIA”) in Daraga, Albay, has opened doors to serve domestic daytime and night flights starting from […]


Finance and Development, Markets

WTTC Reports UK Travel & Tourism Sector May Only Recover by a Third This Year

October 13, 2021

Via: Hotel News Resource

The World Travel & Tourism Council (WTTC) says the UK’s Travel & Tourism sector’s year on year recovery may only claw back a third, whilst international travel spending continues to plummet. Latest research from WTTC, which represents the global Travel […]


Finance and Development, Markets

Baird/STR Hotel Stock Index rose 5.2% in September

October 12, 2021

Via: Hospitality Net

The Baird/STR Hotel Stock Index rose 5.2% in September to a level of 5,167. Year to date through the first nine months of 2021, the stock index was up 13.0%. “Hotel stocks rebounded strongly in September and finally broke their […]


Finance and Development, Markets

2022 Hospitality Industry Forecast

October 8, 2021

Via: Hospitality Net

2022 – A Magical Year or More Misery? That’s easy – our hospitality forecast says the bumpy ride is coming to an end. We should assume 6 more months; October through March might remain uneven or bumpy. Why? Because business […]


Finance and Development, Markets

STR: U.S. hotel results for week ending 2 October

October 7, 2021

Via: Hospitality Net

U.S. hotel performance dipped from the previous week, according to STR‘s latest data through 2 October. 26 September through 2 October 2021 (percentage change from comparable week in 2019*): Occupancy: 61.7% (-9.2%) Average daily rate (ADR): US$130.87 (+1.2%) Revenue per […]


Finance and Development, Trends

Google: Holiday travel will look different this year. Here’s how marketers can be ready

October 7, 2021

Via: Hospitality Net

With the holiday season fast approaching, travelers are making choices we haven’t seen before. But that’s no cause for despair. While new COVID-19 variants inevitably affect consumer priorities, understanding how today’s travelers navigate the new normal can help you position […]


Finance and Development, Markets

U.S. Hotel Profitability Dipped in August

October 1, 2021

Via: Hospitality Net

With the end of the summer travel surge, estimated gross operating profit for U.S. hotels came in lower than the previous month, according to STR‘s August 2021 monthly P&L data release. August GOP was lower on a per-available-room basis as […]