Hotel Property Taxes: An Opportunity to Cut Costs
According to the March 2022 edition of CBRE’s Hotel Horizons national forecast report, the total revenue for a typical U.S. hotel is not expected to return to 2019 nominal dollar
Aiden Hotels: Boutique Experience With Bold Personality
Transforming unsuspecting locations into bold personalities—that’s the goal for Best Western® Hotels & Resorts’ fast-growing boutique brand—Aiden®. With over 38 spec
Marriott Partners With Yahoo to Create Marriott Media Network
Marriott International, Inc., announced the launch of the Marriott Media Network, an omnichannel cross-platform advertising solution for brand advertisers, enabling content experie
Chatham Lodging Trust Announces the Closing Sales of Four Hotels
WEST PALM BEACH, Florida—Chatham Lodging Trust announced the closing of the sales of four hotels comprising 537 rooms for aggregate proceeds of approximately $80 million. Includi
Cost Control: Hotels Continue Adjusting Approach to Labor Costs
The pandemic has affected all aspects of hotel operations, including cost allocation and staffing practices. With labor remaining a moving target for the industry, STR’s monthly
Flexible Accommodations: The Pad Openings
Along the Blue River running through the Rocky Mountains, The Pad recently opened its 101 beds to travelers visiting Silverthorne, Colorado, and the surrounding area. Partially con
STR: Weekly U.S. Hotel Occupancy Declined While ADR Increased
HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR’s latest data through Ma
Fluctuating Fees: The Impact of the COVID-19 Industry Recession on Management Fees
Hotel management contracts typically include two primary components of compensation for the management company—a base fee and an incentive fee. The base management fee is general
Future-Focused: Choice Executives on the Customers and Brands of Tomorrow
At the 66th annual Choice Hotels International, Inc., convention—which took a three-year hiatus due to the pandemic—franchisees and corporate leaders alike shared excitement ov
Miraval Resorts & Spas Announces Renovations Across its Three Properties
CHICAGO — Miraval Resorts & Spas announced renovations, updates, and expansions across the brand’s resorts and spas: Miraval Arizona, Miraval Austin, and Miraval Berkshire