Average Daily Rate at U.S. Hotels Reaches $127.47
The Average Daily Rates (ADR) at U.S. hotels reached $127.47 during the week of May 21-27, a 2.5% increase from the previous week, according to […]
Hotels & Timeshares
Airbnb Turns a Profit, Now Valued at $31 Billion
Airbnb reported an undisclosed profit during Q2 2016 and is now valued at $31 billion, reported CNBC. The online vacation-sharing portal also just raised $1 billion […]
U.S. Hotel Stock Index Up 19.6% in 2016
The Baird/STR Hotel Stock Index closed 19.6% higher in 2016, reaching 3,702 on the back of a strong post-election performance in November and December, as […]
New Platform for Global Real Estate Listings
In response to greater volumes of cross-border real estate transacations, a new online platform will enable buyers and investors to search for real estate listings […]
Hotel Stock Index Jumps 11.8% in November, Up by 12.3% Year-to-Date
Hotel stocks have benefited from recent gains in the stock market, with the Bair/STR Hotel Index increasing 11.8% in November to 3,474, outperforming both the S&P […]
NFL had a $77 Million Impact on Hotels in 2015
In 2015, NFL games had a combined net impact of $77 million on hotel room revenue, according to research by STR, which was cited by […]
U.S. Hotel Occupancy Reaches 65.3%, Average Daily Rate is $122.70
Hotel News Resource is out with the hotel industry’s performance metrics for the week of November 6-12, 2016. In general, most metrics were higher than […]
Airbnb Faces Tougher Restrictions in San Francisco
Airbnb is facing two setbacks to its business in its hometown of San Francisco, reported the Verge. On one hand, the city’s Board of Supervisors […]
Blackstone Sold $16 Billion in Real Estate Assets to China Since 2013
Blackstone Group, the world’s largest real estate owner, has sold around $16 billion in real estate assets to Chinese investors since 2013, according to the […]
U.S. Hotel Stock Index Falls 6.4% in September
Weaker demand, lower occupancy levels and higher labor costs drove hotel stocks down in September, according to World Property Journal. The Baird/STR Hotel Stock Index […]