Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.
Tag: STR
STR: Labor, Energy Costs Top Hospitality Industry Challenges
Labor-related issues and energy costs rank highest among the challenges facing the hotel sector, reported STR, Hendersonville, Tenn.
2023 Hotel Forecast Gets an Upgrade; Dip in 2024 Outlook
STR and Tourism Economics, Henderson, Tenn., made a modest upgrade to their 2023 U.S. hotel forecast, while making a downward adjustment for 2024.
STR: Hotel Construction Up Year-over-Year for First Time Since Late 2020
U.S. hotel construction increased slightly in December after 25 consecutive months of year-over-year declines, reported STR, Hendersonville, Tenn.
Hotel Analysts Lower Occupancy Forecast, Maintain Revenue Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
Hotel Profitability Improves, Labor Costs Rise
U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn.
STR: Hotel Construction Pipeline Increases for 3rd Month
U.S. hotel construction ticked upward in September for the third consecutive month, reported STR, Hendersonville, Tenn.
STR: Hotel Construction Pipeline Increases for 3rd Month
U.S. hotel construction ticked upward in September for the third consecutive month, reported STR, Hendersonville, Tenn.
Hotel Cap Rates Increase
U.S. Realty Consultants LLC, Columbus, Ohio, reported hotel capitalization rates generally increased compared to six months ago.
CBRE Raises Hotel Sector Outlook
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.