THE U.S. IS expected to see 953 hotel openings with 108,366 rooms in 2025, with New York City and Nashville leading at 5,719 and 2,849 rooms, respectively, according to CoStar.... Read More
Author: asiantrader
HOTELS STRUGGLED WITH rising costs outpacing revenue growth in 2024, hindering economic growth and job creation, according to American Hotel & Lodging Association’s 2025 State of the Industry report. Despite... Read More
U.S. HOTELS SAW their performance improve for the week ending Feb. 1, with year-over-year gains, according to CoStar. ADR dipped slightly, while occupancy and RevPAR rose week over week. Occupancy increased... Read More
URBAN PARK HOTELS recently introduced “Welcome Inns of America”, a new membership-affiliated hotel and motel brand designed for the economy segment. The conversion-friendly option provides owners with many of the... Read More
KASHYAP “KASH” PATEL, President Trump’s nominee for FBI director, highlighted his Indian roots at his confirmation hearing before the Senate Judiciary Committee, greeting his parents with “Jai Shree Krishna”. If... Read More
U.S. HOTEL INVESTORS are growing more optimistic, with 94 percent planning to maintain or increase investments this year, up from 85 percent last year, according to a recent CBRE study.... Read More
U.S. EXTENDED-STAY HOTELS closed the year strong in December, particularly at lower price points, outpacing the overall industry in supply, demand, occupancy and revenue growth, according to The Highland Group.... Read More
U.S. HOTEL PERFORMANCE showed mixed results in the fourth week of January due to the Martin Luther King Jr. Day holiday shift, according to CoStar. Key metrics, including occupancy, ADR,... Read More
PEACHTREE GROUP RECENTLY surpassed $2 billion in hotel development, with 48 hotels nationwide, including 10 in qualified opportunity zones. The company is expanding into urban infill markets through underwriting, project... Read More
UTTAR PRADESH RECEIVED hospitality investment proposals worth approximately $12.2 billion, or Rs 1 trillion, in the last two years after introducing its 2022 tourism policy. The Indian state, which hosted... Read More