CoStar: U.S. Hotel Performance Increases, Comparisons Stay Mixed
WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through Jan. 13, 2024. U.
Marriott Breaks Ground on Inaugural StudioRes Hotel
BETHESDA, Maryland—Marriott International, Inc. celebrated the groundbreaking of its inaugural StudioRes hotel, as Concord Hospitality began construction of its first property in
U.S. Travel Predicts International Inbound and Domestic Business Travel to Remain
WASHINGTON—The U.S. Travel Association released its biannual forecast for travel to and within the United States through 2027, showing that international inbound and domestic bus
CoStar: U.S. Hotel Performance Reached Highest ADR and RevPAR on Record in 2023
WASHINGTON—The U.S. hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. U.S. Hotel P
In Good Company Partners With Hotel Equities on Pilot Program
ATLANTA, Georgia—In Good Company announced it has entered into a new partnership with Hotel Equities to focus on a pilot program in Georgia involving eight Hotel Equities propert
This Week’s Comings & Goings
Valencia Hotel Collection announced the promotion of Roy Kretschmer to the position of chief operating officer – Valencia Hotel Group. Kretschmer was previously executive vice pr
Hilton for Business Debuts as a Digital-Forward Travel Program
MCLEAN, Virginia—Hilton debuted Hilton for Business, a digital-forward travel program that empowers professionals running small and medium-sized businesses to simplify travel man
Two Red Roof Hotels Break Ground in Florida
TAMPA, Florida—Red Roof has partnered with Dhruv Management to begin development on the HomeTowne Studios by Red Roof Tampa, Florida, and recently broke ground for the future Hom
Mike Woodward Names EVP and Chief Growth Officer of HVMG
ATLANTA—Hospitality Ventures Management Group (HVMG) announced that Mike “Woody” Woodward has been named executive vice president and chief growth officer. In his new role as
Pivot to Manage Key West Historic Inns Collection
ATLANTA—Pivot has been tapped by KHP Capital Partners to manage the Key West Historic Inns Collection, a portfolio of five historic and reimagined properties including Winslow’
