Lodging

PwC Tempers U.S. Hotel Forecast as Demand SlowsBy Angelique Platas

PwC softened its projections for U.S. hotel occupancy in 2023 and 2024 amid economic concerns and an uncertain outlook for corporate travel, according... KEEP READING

Report: Short-Term Rental Co. Zeus Living to ShutterBy Angelique Platas

Zeus Living, a furnished apartment provider tailored to business travelers staying 30 days or longer, is reportedly "winding down operations" due... KEEP READING

Report: U.S. Ext.-Stay Q3 Rates Rise Slightly, Occupancy SlipsBy Angelique Platas

U.S. extended-stay hotels' third-quarter average daily rate and revenue per available room increased year over year while occupancy slipped, according... KEEP READING

Choice 'Confident' in Wyndham Quest as Q3 RevPAR SlipsBy Angelique Platas

Choice Hotels International's third-quarter revenue per available room and occupancy slipped year over year alongside lean average-daily-rate growth,... KEEP READING

Survey: Most Buyers Project 2024 Corp. Travel Budgets to GrowBy Angelique Platas

Corporate travel managers on average expect their organizations' travel budgets in 2024 to grow approximately 8 percent year over year as expectations... KEEP READING

U.S. Hotel Q3 Pipeline Climbs, Led by Dallas, MidscaleBy Angelique Platas

The U.S. hotel pipeline in the third quarter increased 7 percent year over year, with 5,704 projects in the development pipeline, led by midscale... KEEP READING

Hyatt Q3 Corp. Demand Up as Transient, Group Lines BlurBy Angelique Platas

Hyatt Hotels Corp.'s third-quarter transient business travel revenue increased 19 percent year over year and has recovered to approximately 90 percent... KEEP READING

Marriott: Q3 Corp. Growth 'Slow and Steady,' Higher Rates NextBy Angelique Platas

Marriott International's third-quarter business transient revenue increased at a "slow and steady" year-over-year pace, executives said Thursday during... KEEP READING

AHLA Pushes to Defeat L.A. Hotel Homeless Housing InitiativeBy Angelique Platas

The American Hotel & Lodging Association is funding a campaign to defeat a Los Angeles municipal ballot initiative posed by a union representing... KEEP READING

Accor: Q3 'Strong' but U.S. 'Leveling Off'By Angelique Platas

Accor Group's third-quarter revenue per available room, occupancy and average daily rates all increased year over year, Accor CFO Martine Gerow... KEEP READING

Wyndham Details Choice Rejection, Q3 ResultsBy Angelique Platas

Wyndham Hotels & Resorts' third-quarter systemwide revenue per available room increased year over year due to "higher occupancy levels and stronger... KEEP READING

Sonesta Names Former IHG Exec CFOBy Angelique Platas

Sonesta International Hotels Corp. has named former IHG Hotels & Resorts executive Bob Gunkel its new chief financial officer, effective immediately.... KEEP READING

Hilton: Q3 Corp. Travel Demand Up, Group 'Off the Hook'By Angelique Platas

Hilton Worldwide's third-quarter business travel demand continued to recover, with business transient revenue per available room up about 5 percent year... KEEP READING

STR: Sept. Hotel Rates Rise, Occupancy Slips YOYBy Angelique Platas

U.S. hotels' average revenue and daily rates rose in September year over year, but occupancy fell, according to STR; however, all metrics increased... KEEP READING

IHG: Q3 Corp. Transient Revenue Exceeds '19By Chris Davis

Business transient revenue at IHG Hotels & Resorts worldwide increased 6 percent year over year and was 3 percent higher than the third quarter of 2019,... KEEP READING

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