Author: Katie Fernando

U.S. hotel occupancy decreased 1.7% to 64.7% during the week of 17-23 February, while ADR increased 1.7% to $129.05 and RevPAR was flat at $83.43. The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR. In comparison with the week of 18-24 February 2018, the industry recorded the following: Occupancy: -1.7% to 64.7% Average daily rate (ADR): +1.7% to US$129.05 Revenue per available room (RevPAR): flat at US$83.43 Among the Top 25 Markets, San Francisco/San Mateo,…

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A look at U.S. hotel performance data for the past three holiday weekends shows gains for Friday to Sunday, but losses on the actual Presidents Day holiday on Monday. Comparison of STR hotel performance data for past Presidents Day weekends shows an increase in both average daily rate and demand, resulting in a significant boost to revenue per available room, particularly on the Saturday. For this data snapshot, STR studied U.S. hotel performance data over the past three Presidents Day weekends (2016-2018). STR is the parent company of Hotel News Now. Hotels…

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U.S. hotel occupancy rose just 0.2% to 59.9% during the week of 3-9 February, while ADR increased 1.5% to $126.68 and RevPAR rose 1.7% to $75.84. The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR. In comparison with the week of 4-10 February 2018, the industry recorded the following: Occupancy: +0.2% to 59.9% Average daily rate (ADR): +1.5% to US$126.68 Revenue per available room (RevPAR): +1.7% to US$75.84 Among the Top 25 Markets, Super…

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Hotel developers in the U.S. recognize that disruptors such as tariffs on goods and shortages of labor aren’t fading anytime soon, and some are faced with shifting investment strategies to make up for it. REPORT FROM THE U.S.—Each development site has its own set of risks and rewards, and as disruptors such as labor challenges and tariffs remain on the horizon, hotel developers are tasked with assessing their current strategies. Bruce Collins, regional director of development, east, at OTO Development, said as the cycle changes, his company will look at…

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Although the newly created opportunity zones have some geographical restrictions, the program opens up some tax benefits for hotel owners and investors who have a project in the right location. REPORT FROM THE U.S.—For hotel owners and developers, the chance to receive any sort of tax break or deferment on a new project can be hard to pass up. The newly created opportunity-zone program offers tax deferments on investments in new construction or property improvements. But there are drawbacks. Opportunity zones are located in low-income areas, which could mean fewer…

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Full-service properties may offer higher yields, but select service hotels are less expensive to operate. If the hotel sector was being reviewed on a website like TripAdvisor in terms of 2019 opportunities for high-net-worth (HNW) real estate investors, some segments of the industry might earn five-star status, while others might be a couple of notches lower. But just as with guests’ opinions about hotel properties, real estate professionals don’t see eye to eye when it comes to which types of hotels are white-glove picks for HNW investors and which ones have…

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Best Western Plots Global Growth  

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With the opening of our newest location The Best Western Plus West Lawrence (Lawrence, Kansas), Hospitality Management worked hard to find great people to add to our award-winning staff.  In this recent article by the American Hotel & Lodging Educational Foundation, a survey found that over 50 percent of the Gen Z Demographic–the largest generation in the U.S.–is interested in pursuing a career in hospitality. See the rest of the study HERE.  

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