The average December U.S. hotel daily rate increased by 4.3 percent year over year, and occupancy increased by 3.2 percent to 49.1 percent, according to hospitality research firm STR. The largest ADR increases were found in Atlanta (13 percent), Oahu (12.6 percent) and Miami (12.5 percent). Among the 25 largest U.S. destinations, December ADR declined only in San Diego, where the average rate was down 7.5 percent.
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Hyatt Hotels Corp. selected Chuck Floyd to become global president of operations, a new position overseeing all three of Hyatt's regional presidents, effective Aug. 1.... read more »