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ARLINGTON, VirginiaThe U.S. hotel industry reported negative year-over-year comparisons, according to CoStars latest data through Feb. 8, 2025. U.S. Hotel Performance February 2-8, 2025 Percentage change from comparable week in 2024 Occupancy: 55.9 percent (down.5 percent) ADR: $156.03 (down 2.2 percent) RevPAR: $87.22 (down 2.7 percent) Among the Top 25 Markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (up 13.6 percent to 74.2 percent),
Skift Take: Speaking of partnerships, Airbnb CEO Brian Chesky said: "We don't need to build the future by ourselves." More partnerships would be a big change for Airbnb, if and when they happen.
MYRTLE BEACH, South CarolinaBrittain Resorts & Hotels (BRH), in partnership with EOS Hospitality, invested over $58 million in renovations at three of its properties in Myrtle Beach, South Carolina: Caribbean Resort & Villas, Ocean Reef Resort, and Compass Cove Resort. Myrtle Beach is rapidly transforming into a destination known for elevated and unforgettable experiences, and we are proud to be part of that evolution, said Patrick Norton, chief marketing officer, Brittain Resorts &
Who are my competitors? Its a question every hotel must answer. Yet, the way we define compsets (competitive sets) in the industry has evolved significantly, thanks to technology and data analysis. Before diving into how compsets have evolved, well first revisit the basics. What is a hotel compset? A hotel’s competitive set is a group of hotels that compete with your property for the same guest.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
NEW YORKInfor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and manage revenue in a complex, AI-driven market. Infor RMS leverages artificial intelligence and machine learning algorithms to provide hoteliers with control over their pricing and revenue optimization processes.
Hotel Designs Wimberly Interiors brings art deco-inspired glamour to Tempo by Hilton Wimberly Interiors brings art deco-inspired glamour to Tempo by Hilton Wimberly Interiors has unveiled the interior design for Tempo by Hilton, Nashville, a property that fuses the citys distinct Southern charm and music legacy with refined Art Deco-inspired interiors… With spaces envisioned as Mary Louise, a fictional character conceived of by Wimberly Interiors and the client, Tempo by Hilton, Nashville
CHICAGO, IllinoisHyatt Hotels Corporation reported fourth quarter and full year 2024 results. Highlights include: Mark S. Hoplamazian, president and CEO, Hyatt, said, “The purposeful evolution of our business model and strong brand focus has accelerated our network effect benefiting each of our stakeholders. Our fourth quarter results demonstrate the strength of our commercial offerings, as evidenced by the growth of the World of Hyatt loyalty program, which reached approximately 54 millio
CHICAGO, IllinoisHyatt Hotels Corporation reported fourth quarter and full year 2024 results. Highlights include: Mark S. Hoplamazian, president and CEO, Hyatt, said, “The purposeful evolution of our business model and strong brand focus has accelerated our network effect benefiting each of our stakeholders. Our fourth quarter results demonstrate the strength of our commercial offerings, as evidenced by the growth of the World of Hyatt loyalty program, which reached approximately 54 millio
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