Markets & Performance USA & Canada Press Releases - Hospitality Net

Advertisement

April 3, 2024

U.S. Travel Uptick: Three-quarters Of Americans Plan To Take A Trip In The Next Year

The travel industry continues to boom, with a significant increase in travel intentions among U.S. adults in 2024 according to new research from MMGY Travel Intelligence. In the latest edition of the firm’s Portrait of American Travelers® study, three-quarters of Americans (76%) report they plan to take a vacation in the next 12 months, a notable increase from 70% observed this time last year. Furthermore, nearly two-thirds (64%) of these travelers plan to take a trip in the next six months – a significant boost from 58% reported in October 2023.

April 3, 2024

Wyndham Enters Upscale Extended Stay with WaterWalk

Wyndham Hotels & Resorts is expanding into the upscale extended stay segment, launching a strategic relationship with industry innovator WaterWalk. The deal adds 11 hotels and over 1,500 rooms to the Wyndham ecosystem, rebranding them under the newly created WaterWalk Extended Stay by Wyndham brand, the 25th in Wyndham's portfolio. Located in key markets such as Tucson, Jacksonville and Wichita, the offerings perfectly compliment Wyndham's existing economy and midscale extended stay brands and cater to guests seeking a local, yet elevated stay with the comforts of home.

Wyndham and WaterWalk

March 29, 2024

U.S. hotel commentary - February 2024

RevPAR improved 2.0% year over year (YoY) in February, reflecting the continued return to pre-COVID patterns of low single-digit gains. Remove Las Vegas from the equation, however, and February RevPAR was down 1.4% YoY. The overall RevPAR increase was due to a solid YoY increase (+3.9%) in ADR, which was partially offset by an occupancy decline of 1.1 percentage points to 58.9%.

March 21, 2024

Canada hotel room rates driven by groups in February

Canada’s hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar’s February 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

March 21, 2024

U.S. hotel results for week ending 16 March

U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.10-16 March 2024 (percentage change from comparable week in 2023):

March 20, 2024

U.S. hotel performance for February 2024

The U.S. hotel industry reported higher performance results month over month, according to February 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

March 15, 2024

U.S. hotel results for week ending 9 March

U.S. hotel performance increased from the previous week but declined year over year, according to CoStar’s latest data through 9 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Ad AI Hospitality

Ernest - Lighthouse's AI for hoteliers

"Just tell me why my weekend pickup dropped." With Ernest, now you can ask your commercial data anything, and act on the answer.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

March 14, 2024

Hilton to Accelerate Expansion in Fast-Growing Lifestyle Category with Addition of Graduate Hotels to Global Brand Portfolio

Hilton (NYSE: HLT) today announced an agreement with Adventurous Journeys Capital Partners (“AJ Capital”) to acquire the fan-favorite Graduate Hotels® brand, adding a significant growth opportunity for the global hospitality leader in the fast-growing lifestyle hotel market.

Hilton and AJ Capital Partners

March 14, 2024

R.M. Woodworth & Associates and Core Hospitality Advisors to Merge

Officials of R.M. Woodworth & Associates (RMWA), a leading provider of customized lodging research and advisory services, and Core Hospitality Advisors, a firm specializing in hospitality real estate appraisals, today announced the merger of their two firms. Adam Cowart and John Ritger will be joining Mark Woodworth, Henry B. “Hank” Staley, Jr. and Jill L. Bidwell as principals in the new firm, Woodworth Core Group (WCG). With the merger, WCG will have offices in Atlanta, Jacksonville, Washington, D.C., Birmingham, Baton Rouge and Boise, Idaho.

Woodworth Core Group

March 13, 2024

Early Easter pushes spring break peak forward a week in 2024

Spring break season is officially here, and tracking school calendar data becomes critical during this time in order to predict travel demand across the U.S. The swings in academic calendar patterns from year to year can generate substantial waves in hotel performance, as vacation scheduling directly impacts over 50 million public K-12 students and their families across the country.

March 11, 2024

Wyndham Comments on Expiration of Choice's Unsolicited Exchange Offer and Withdrawal of Director Nominees

Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham") today commented on the expiration of Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") exchange offer and its decision to withdraw its slate of nominees for election to Wyndham's Board of Directors at the 2024 Annual Meeting of Shareholders:

March 11, 2024

Choice Hotels Provides Update on Exchange Offer and Proposal to Acquire Wyndham Hotels & Resorts

Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice") today announced the expiration of the exchange offer to acquire all of the issued and outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham"). The Company is also withdrawing its nomination of the highly qualified, independent director candidates for election at Wyndham's 2024 Annual Meeting of Stockholders.

March 7, 2024

U.S. hotel results for week ending 2 March

U.S. hotel performance showed mixed results over the previous week, according to CoStar’s latest data through 2 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.25 February through 2 March 2024 (percentage change from comparable week in 2023):

March 5, 2024

U.S. hotel commentary - January 2024

RevPAR showed modest year-over-year (YoY) growth in January, reflecting a return to pre-COVID patterns of low single-digit gains. RevPAR was lifted by a healthy ADR increase, which was partially offset by an occupancy decline. Demand across the U.S. has declined year over year for the past 10 months. Fortunately, supply increases have remained modest and are expected to remain low for the rest of the year as the pace of rooms in construction has slowed. Looking further out, projects in planning are on the rise, which will put more pressure on occupancy next year. As a counter, inbound travel is expected to strengthen, after being at a deficit over several years, which should help ease this pressure.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

March 1, 2024

Lodging Analytics Research & Consulting (LARC)’s 1Q-2024 Hotel Industry Outlook and Market Intelligence Reports

U.S. economic growth surprised to the upside in the fourth quarter with Real GDP increasing 3.3%, well above expectations, however below 3Q-2023’s 4.9% rise. Despite positive economic growth, U.S. RevPAR only increased 1.3%, as occupancy declined 1.6% during the quarter. While group demand continued to be strong, leisure demand continued to soften in 4Q-2023 and corporate transient demand did not accelerate as we had anticipated.

February 29, 2024

U.S. hotel results for week ending 24 February

U.S. hotel performance showed mixed results over the previous week, according to CoStar’s latest data through 24 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.18-24 February 2024 (percentage change from comparable week in 2023):

February 29, 2024

Deloitte: Concern Around Rising U.S. Prices is not Fading and Likely Weighs on Americans' Sense of Financial Well-being

A consumer's sense of personal financial well-being likely forms the bedrock for spending behavior — from their approach to budgeting, to what they buy at the grocery store, how they plan their vacations, and when they buy a car. In its fourth year, Deloitte's "ConsumerSignals" (formerly the Global State of the Consumer Tracker), a longitudinal consumer research study, explores shifts in global financial well-being sentiment and its potential impact on purchase decisions.

Deloitte Development LLP

February 23, 2024

Las Vegas hotels broke continental U.S. record for Saturday and Sunday ADR

Super Bowl LVIII in Las Vegas produced unprecedented hotel performance levels—not just for the Super Bowl but for any weekend in history.

Las Vegas, Nevada, United States

February 23, 2024

Canada hotel occupancy dipped because of less leisure demand in January

Canada’s hotel industry showed lower occupancy but continued growth in average daily rate (ADR), according to CoStar’s January 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

February 23, 2024

U.S. hotel results for week ending 17 February

U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 17 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.11-17 February 2024 (percentage change from comparable week in 2023):

You have reached the last article

To discover more content beyond these 20 pages, please use our search feature or browse by category.