Us Hotel Market News

Huge Hotel Auctions Scheduled for April and May

Huge Hotel Auctions Scheduled for April and May

24th Mar 2010 Press Release Hotel News

National Commercial Auctioneers, LLC, [www.natcomauctions.com] announces the sale of more hotels at auction over the next two months than any other auctioneer in the country, according to Stephen Karbelk, CAI, AARE, President of National Commercial Auctioneers.

US Senate passes Travel Promotion Act

US Senate passes Travel Promotion Act

27th Feb 2010 Tourism News

The United States Senate has passed the Travel Promotion Act, with the express aim of attracting millions of foreign tourists to America. It is hoped the $100 million programme will attract 1.6 million more guests to the country each year.

US hotels post declines in occupancy and revenues

US hotels post declines in occupancy and revenues

29th Dec 2009 Hotel News

The U.S. hotel industry posted declines in all three key performance measurements during November, according to data from STR. Occupancy fell 4.3% to end the month at 49.5% compared to November 2008. Average daily rate dropped 8.3% to finish the month at US$93.60.

US hotel industry has poor November

US hotel industry has poor November

16th Dec 2009 Press Release Hotel News

Heavy discounting led to a fall in the overall business health of the US hotel industry last month. Room rates, revenues and occupancy levels combined fell by 1.8% in November overall, compared with just 0.1% in October.

STR releases updated forecasts for 2009 and 2010

9th Jul 2009 Press Release Hotel News

As part of its new monthly forecast program, STR is projecting a 17.1-percent decrease in revenue per available room for the U.S. hotel industry in 2009. The company also revised its forecasts for the summer travel season, year-end 2009 and 2010.

U.S. Hotel performance for the week ending 21 March 2009

27th Mar 2009 Press Release Travel Technology News

The U.S. hotel industry posted declines in all three key performance measurements during the week of 15-21 March, according to data from STR.In year-over-year measurements, the industry’s occupancy fell 4.7 percent to end the week at 58.5 percent. Average daily rate dropped 8.0 percent to finish the week at US$99.92. Revenue per available room for the week decreased 12.3 percent to finish at US$58.45.

U.S. Hotel perfomance for February

26th Mar 2009 Press Release Hotel News

The U.S. hotel industry posted declines in three key performance measurements during the month of February, according to data from STR.In year-over-year measurements, the industry’s occupancy fell 10.1 percent to end the month at 53.2 percent. Average daily rate dropped 7.8 percent to finish the month at US$100.41. Revenue per available room for the month decreased 17.1 percent to finish at US$53.42.