Author: asiantrader

DESPITE PROJECTIONS OF persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons forecast calls for a 5.8 percent increase in RevPAR in 2023. This is up from... Read More

THE HOTEL INDUSTRY is poised for a fairly strong year in 2023 despite remaining concerns about a downturn, according to a pair of reports. Continuing demand is expected to overcome... Read More

IHG HOTELS & RESORTS donated $500,000 to the American Hotel & Lodging Association Foundation’s No Room for Trafficking Survivor Fund to combat human trafficking. It is the most recent donation... Read More

SONESTA INTERNATIONAL HOTELS Corp. recently launched Sonesta Essential, a new upper-midscale select-service brand. The company now offers 15 brands. Sonesta Essential is meant to offer easier new builds and conversions with... Read More

U.S. HOTEL PERFORMANCE was down in the third week of January compared to the week before on account of the Martin Luther King Jr. holiday, according to STR. Occupancy was 54.2... Read More

REAL ESTATE INVESTMENT competition She Has a Deal 2022 SHaDPitch Today’s Woman competitor Amina Gilyard James recently acquired the Quality Inn in the Raleigh neighborhood of Memphis, Tennessee. James said... Read More

U.S. HOTEL CONSTRUCTION increased slightly in December after 25 consecutive months of decline, according to STR. Projects in the later stages of development saw a reversal in their decline and... Read More

U.S. HOTELS REPORTED improved performance in the second week of January compared to the week before, according to STR. The weekly performance was mixed over the same period in 2019. Occupancy... Read More

DOROTHY DOWLING HAS joined her old boss, David Kong, as a principal for Kong’s DEI Advisors, a non-profit organization that aims to empower women and other underrepresented groups to achieve... Read More

AS MANY AS 60 percent of Americans are likely to stay in hotels this year, more than last year, according to two surveys commissioned by the American Hotel & Lodging... Read More