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Hotels & Timeshares

U.S. Hotel Occupancy Falls Despite a Rise in Air Travel

October 9, 2021 0

Weekly occupancy at U.S. hotels fell by 1.5 percent to an average of 61.7 percent, according to a press release by STR. The drop came […]

Commercial and Multifamily Mortgage Delinquencies Continue to Rise

January 21, 2021 0

Delinquency rates for mortgages backed by commercial and multifamily properties increased for the second month in a row in December 2020, according the Mortgage Bankers […]

Key Indicators Point to Growing Pessimism in Parts of the CRE Market

June 5, 2020 0

Two recent reports are pointing to increased pessimism in parts of the CRE market, especially in the office, retail and hospitality sectors. The pair of […]

Report Paints a Grim Forecast for U.S. Hotels

March 27, 2020 0

Global real estate giant CBRE released an updated 2020 forecast Tuesday in light of the COVID-19 pandemic, projecting a 37 percent decline in U.S. revenue […]

Short Term Rentals will Continue to Encroach on Hotel Business in 2020, Says CBRE

February 1, 2020 0

The U.S. Short Term Rental (STR) industry will expand to roughly 650,000 actively rented units this year, equal to 12.2% of the country’s hotel-room supply, […]

Updates from the Hospitality World: Airbnb, Wyndham and Others

November 23, 2019 0

Airbnb COO Leaves Position Amid $100 Million Quarterly LossHome-sharing company Airbnb lost $100 million in Q2 2019 compared with a $10 million profit in the […]

Blackstone Group to Buy the Bellagio Hotel for $4.25 Billion

October 16, 2019 0

MGM Resorts International on Tuesday announced it will sell its Bellagio Hotel and Casino in Las Vegas to the Blackstone Group, and then lease back […]

The Average Daily Rate for U.S. Hotel Rooms Reaches $133.36, Says STR

August 26, 2019 0

The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 4-10 August 2019, according to data […]

Airbnb’s Revenue Grows 31 Percent from Last Year

August 26, 2019 0

Home-sharing company Airbnb reported $9.4 billion in gross bookings during Q1 2019, according to information obtained by the Wall Street Journal. This represents an impressive […]

Airbnb Targets Business Travelers by Acquiring Urbandoor

August 6, 2019 0

Airbnb has acquired Urbandoor, an online marketplace where business travelers can find furnished and serviced apartments for extended business trips, relocations and other longer-term stays, […]

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