usa
Airbnb formidable competitor to NYC hotels
According to an analysis by STR, Inc., Airbnb’s presence and rates across New York, New York, make the short-term rental company a formidable competitor to the market’s hotel industry. As […]
Magnuson Hotel brands see revenue growth of 65%
Magnuson Hotels Worldwide reports today year on year revenue growth of 65% across the Magnuson branded portfolio. The company also reports a very significant 61% increase in occupancy, and an 8% increase […]
Louvre Hotels and Magnuson Sign Distribution Agreement
Louvre Hotels Group, Europe’s second largest hotel group, has signed a distribution agreement with Magnuson Hotels Worldwide, a network of more than 1,000 independent hotels in North America. With the […]
US RevPAR starts to soften in May
The U.S. hotel industry still is setting records, but its RevPAR failed to hit the 6% growth threshold for the first time this year. But with new records comes some […]
How Profitable Will RevPAR Growth Be in 2015
Like other industries, profits in the hotel business are achieved when revenues exceed the cost of operations. In 2015, there are several factors that will enhance the ability of hotel […]
Leisure and Group Segments Driving Hotel Performance
Hotel performance in major North American markets experienced positive growth in rate and occupancy, according to data from the June 2015 TravelClick North American Hospitality Review (NAHR). “As we move […]
Atlanta RevPAR growth is robust
Metro Atlanta is one of the Southeast United States’ premier metropolitan areas and strongest hotel markets. The market is broken up into seven primary submarkets, containing central and suburban areas: […]
U.S. RevPAR outlook remains strong despite lag in economic indicators
PricewaterhouseCoopers has released its regular outlook report for the U.S. lodging industry, where it has been strong in occupancy and RevPAR. In fact, a higher-than-expected occupancy rate allowed the industry […]
PwC US expects another year of solid RevPAR growth in 2015
An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger-than-previously-expected increase in occupancy levels, offset by softer […]
PwC US expects another year of solid RevPAR growth in 2015
An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger-than-previously-expected increase in occupancy levels, offset by softer […]
