All posts in "National Hotels"
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U.S. Hotels Surpassed 2019 Profit Level in July

September 2, 2021

Estimated U.S. hotel gross operating profit for July 2021 came in at 111% of the 2019 comparable, according to STR‘s latest monthly P&L data release. In addition to total GOP estimates above July 2019, EBITDA came in at 116% of the pre-pandemic comparable. On a per-available-room basis, each of the key profitability metrics, aside from […]

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Hotel Performance Decreases Second Week of August

August 25, 2021

U.S. hotel occupancy and average daily rate (ADR) dipped from previous weeks, according to STR‘s latest data through 14 August. 8-14 August 2021 (percentage change from comparable week in 2019*): Occupancy: 65.7% (-8.4%) Average daily rate (ADR): US$139.18 (+5.9%) Revenue per available room (RevPAR): US$91.45 (-3.0%) While the metrics were down week over week, comparisons […]

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Corporate Hotel Levels to Reach 2019 Occupancy By End of 2021

July 29, 2021

According to Tripbam’s 2021 second-quarter market report, corporate hotel bookings are on the rise and are projected to reach 2019 highs by the end of the year.  Currently, corporate business travel is 30% of 2019 levels but is increasing 8% month-over-month.  This would put corporate bookings back on track to reach the same levels as […]

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U.S. Hotel Occupancy Reaches Highest Level Since October 2019

July 23, 2021

U.S. weekly hotel occupancy reached its highest level since October 2019, according to STR‘s latest data through 17 July. 11-17 July 2021 (percentage change from comparable week in 2019*): Occupancy: 71.0% (-8.7%) Average daily rate (ADR): US$139.19 (+1.8%) Revenue per available room (RevPAR): US$98.87 (-7.1%) Despite a four-point, week-over-week improvement in occupancy, ADR dipped slightly […]

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Hotel Industry Launches ‘Hotels Are Hiring’ Ad Campaign to Fill Open Jobs and Promote Benefits Of Working In The Industry

July 23, 2021

To help fill thousands of open hotel jobs and communicate the benefits of a career in the hotel industry,  the American Hotel & Lodging Association (AHLA) and the American Hotel & Lodging Foundation (AHLA Foundation) announced a new advertising campaign across five major hotel markets. The new advertisement will run until early August on digital […]

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Four Seasons Hotel Planned for the Shipyards in Downtown Jacksonville

June 18, 2021

Developer Shad Khan, owner of the Jacksonville Jaguars is planning a new development that would cost $441 million and include a Four Seasons Hotel & Residences plus sports complex. The project named 1st Downtown Jacksonville would be located at in downtown Jacksonville Florida at the shipyards.  Additional information on this project is forthcoming and will […]

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Construction on Osage Casino Hotel is Underway

June 18, 2021

The Osage Nation broke ground on new casinos locations in Bartlesville and Pawhuska Oklahoma. First announced in June 2020, the projects will relocate and expand the tribe’s existing casinos in Pawhuska and outside Bartlesville in Osage County. Completion of the facilities has been delayed throughout the planning process, but both are expected to open in fall […]

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Hotel Performance Reaches Pandemic-era Highs

June 18, 2021

U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through 5 June. 30 May through 5 June 2021 (percentage change from comparable week in 2019*): Occupancy: 61.9% (-14.0%) Average daily rate (ADR): US$123.49 (-6.7%) Revenue per available room (RevPAR): US$76.44 (-19.7%) Each of […]

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Casino Hotel Resort Expansion Planned in Wayland, Michigan

June 11, 2021

Gun Lake Casino in Wayland, Michigan is planning a $300 million expansion project of its property near Wayland into a hotel resort. The expansion is expected to include a 250-key, four-diamond hotel with suites, rooms, a restaurant and a full-service spa. The casino also plans to create its own version of a year-round island oasis […]

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Downtown Convention Hotel Planned in Abilene, TX

June 11, 2021

The Abilene, Texas city council approved plans for the development of a design/build for a downtown convention center hotel. The agreement was signed with DPR Construction who will proceed with the development of the design/build project which is to begin this month. The Doubletree Hotel project consists of the city facilities which include public conference […]

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