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The latest from Hotel News Now research shows little correlation between hotel room night demand and ADR. Published by: M. Brian Riley/Hotel News Now Published date: March 2018 With a lens focused on identifying seasonal patterns in the key performance indicators, STR reviewed three years—2015 to 2017—of U.S. performance data. We found that on a national basis,
Miscellaneous revenue-generating sources have shown to be decreasing the size of their contributions to a hotel’s overall revenue since 2010. Published by: Robert Mandelbaum/Hotel News Now Published date: February 2018 In hotel industry jargon, other operated departments are frequently referred to as minor operated departments. Based on recent trends in other operated department revenues and
Marriott is cutting the industry standard 10% commission paid to third party booking channels to 7% in the U.S. and Canada. Check out the story at Meetings and Conventions News: http://www.meetings-conventions.com/News/Third-Party/Marriott-Cuts-Third-Party-planner-Commissions/?cid=eltrMtgNewsemail@example.com
Meeting and Conventions Magazine published a story about how some NYC hotels are now adding an “urban destination fee” to their nightly room rate. The fees cover an array of services from high-speed internet access to laundry services and city walking tours. According to the article, hotels are on target to rake a record $2.7
H&LA President, David Sangree weighed in with The Cleveland Plain Dealer on the occupancy drop in Cleveland hotels in 2017: Published by: Susan Glasser/The Plain Dealer Published date: January 2018 Hotel occupancy in downtown Cleveland dipped for the second straight year, a result of the hotel building boom leading up to the Republican National Convention.
This article was originally published by Hotel News Now. With the start of the new year, many of us take stock of where we are and what 2018 holds in store. The status of the U.S. hotel industry partly depends on the lens you’re looking through—whether you’re a franchise company, developer, owner, operator or investor.
The Columbus Dispatch highlights comments, data, and research from David Sangree, MAI, CPA, ISHC on the recent hotel demand boom in Columbus, Ohio Published by: Marla Matzer Roe Published date: November 2017 Columbus has more hotels on track to open through 2019 than any other Ohio metro area, according to the Ohio Hotel & Lodging
Congratulations to Great Wolf Resorts on the announcement that they are opening a new Great Wolf Lodge hotel and waterpark in Arizona! When opened in 2019, this will be the 18th Great Wolf Lodge property. According to AZCentral.com, the 350-room all-suite hotel will be built next door to Salt River Fields, the Arizona Diamondbacks’ and Colorado
This great article from Hotel News Now offers some insightful predictions from industry leaders on where in the industry is headed in 2018. Published by: Bryan Wroten/Hotel News Now Published date: January 2018 Last year turned out to be a better year for the U.S. hotel industry than previously thought, thanks generally to a stronger
Hotel News Now has an insightful first look at what the new U.S. tax policy just passed by Congress may mean for the hotel industry. Published by: Aran Ryan and Jan Freitag/Hotel News Now Published date: December 2017 Voting began in Congress this week on a Republican tax-overhaul bill that aimed to resolve the differences between its