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 […]
Hotels & Timeshares
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 […]
Palm Springs Bans Short-Term Vacation Rentals in Apartment Buildings
The Palm Springs City Council voted to phase-out short-term vacation rentals in apartment buildings over two years. The move is in response to the increasing […]
Pros & Cons of Buying Property in Mexico
More and more Americans have been buying property in Mexico either for living, vacationing or retirement. Property in Mexico is generally much cheaper than the […]
Marriott Buys Starwood for $13 Billion, Becomes World’s Largest Hotel Chain
Marriott International has completed its $13 billion acquisition of Starwood Hotels & Resorts, which includes popular hotel chains such as Sheraton, Westin, W and St. […]
Airbnb on Track to Becoming the World’s Largest “Hotel” Service
In response to an announcement by Marriott that it would be adding 30,000 rooms in the next year, Airbnb’s CEO reportedly said that his company […]