All posts in "National Hotels"
Share

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 […]

Share

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 […]

Share

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 […]

Share

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 […]

Share

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 […]

Share

Hotel Occupancy Reaches Second-Highest Level Since Start of Pandemic

May 25, 2021

U.S. weekly hotel occupancy reached its second-highest level since the start of the pandemic, according to STR‘s latest data through 15 May. 9-15 May 2021 (percentage change from comparable week in 2019*): Occupancy: 59.1% (-16.4%) Average daily rate (ADR): US$113.54 (-15.4%) Revenue per available room (RevPAR): US$67.05 (-29.2%) Friday/Saturday occupancy came in higher than any […]

Share

Hotel Occupancy Goes Down by -2.6% Second Week of April

April 23, 2021

U.S. weekly hotel occupancy fell 2.6 percentage points from the previous week, according to STR‘s latest data through 17 April. 11-17 April 2021: Occupancy: 57.3% Average daily rate (ADR): US$107.16 Revenue per available room (RevPAR): US$61.37 Following the end of spring break, weekly demand fell back below the 22 million mark, and occupancy dipped to […]

Share

AHLA Report Projects Recovery Outlook for Hotels and Business Travel

January 27, 2021

The American Hotel & Lodging Association (AHLA) released “AHLA’s State of the Hotel Industry 2021” outlining the forecasted state of the hotel industry in 2021 and into the immediate future. The report examines the high-level economics of the hotel industry’s recovery, the specific impact on and eventual return of business travel, and consumer travel sentiments. […]

Share

STR: “2020 is Officially the Worst Year on Record for U.S. Hotels”

January 21, 2021

The U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR. In addition to historically low absolute levels in the aforementioned metrics, average daily rate (ADR) came in lower than any year since 2011. Year-over-year declines were the worst on record across the three key […]

Share

Hotel Occupancy Significantly Increases During New Years Holiday

January 8, 2021

Thanks to a travel boost leading into the New Year’s holiday, U.S. weekly hotel occupancy improved noticeably from the previous week, according to STR‘s latest data through 2 January. 27 December 2020 through 2 January 2021 (percentage change from comparable week in 2019/2020): • Occupancy: 40.6% (-17.2%) • Average daily rate (ADR): US$107.93 (-21.5%) • […]

1 2 3 7
Page 1 of 7