STR: July U.S. Hotel ADR, RevPAR Exceed 2019 LevelsBy Donna M. AiroldiIn absolute numbers, July 2021 average daily rate and revenue per available room for U.S. hotels exceeded July 2019 levels, according to STR's latest... KEEP READING
Report: Q2 U.S. Extended-Stay Demand at Record HighBy Donna M. AiroldiSecond-quarter demand for U.S. extended-stay room nights reached record levels not only for the category as a whole but also for all three of its... KEEP READING
Hyatt to Acquire Apple Leisure Group, Double Resort FootprintBy Donna M. AiroldiHyatt Hotels Corp. has entered into an agreement to acquire Apple Leisure Group for $2.7 billion in cash, the company announced. The companies... KEEP READING
GSA Hikes FY22 Federal Per Diem Rate, Holds Lodging Allowance SteadyBy Dawit HabtemariamThe U.S. General Services Administration's standard per diem for fiscal year 2022 will be $155, up $4 from last year's standard per diem. ... KEEP READING
STR, Tourism Economics Upgrade 2021 U.S. Hotel Forecast on Demand SurgeBy Donna M. AiroldiSTR and Tourism Economics have upgraded their 2021 U.S. hotel forecast for the second time in three months, citing a surge in demand and "room rates... KEEP READING
IHG: U.S., China Continue Demand MomentumBy Donna M. AiroldiLeisure demand continued to boost IHG Hotels & Resorts' recovery during the first half of 2021, but "we are now seeing more group activity and corporate... KEEP READING
Choice: June, July RevPAR Exceeds Pre-Pandemic LevelsBy Donna M. AiroldiChoice Hotels' second-quarter domestic systemwide revenue per available room declined 1.1 percent compared with the same period in 2019, with June... KEEP READING
Hyatt 'Encouraged' by Business Transient, Group DemandBy Donna M. AiroldiHyatt Hotels Corp. is encouraged by the steady recent improvement in its business transient and group segments, president and CEO Mark Hoplamazian said... KEEP READING
Marriott 'Turns the Corner' with Improving Corp. DemandBy Chris DavisMarriott International during the second quarter and in July experienced what it called a widespread rebound in business travel bookings, with special... KEEP READING
Starwood Names Leal CEO of SH Hotels & ResortsBy Donna M. AiroldiStarwood Capital Group has appointed Raul Leal as CEO of SH Hotels & Resorts, the company announced. ... KEEP READING
Hilton: Business Transient, Led by SMEs, Increased Throughout Q2By Donna M. AiroldiHilton Worldwide's business transient segment improved throughout the second quarter, with June revenue per available room increasing 20 percentage... KEEP READING
Accor: First Half of 2021 Profitable, Recovery VariedBy Donna M. AiroldiAccor during the second quarter continued to see sequential monthly key performance indicator improvements, but the recovery "remains heterogeneous,"... KEEP READING
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