Predictions for total-year 2017 are that the U.S. hotel industry will report a 0.5% increase in occupancy to 65.7%, a 2.1% rise in average daily rate (ADR) to US$126.66 and a 2.5% lift in revenue per available room (RevPAR) to US$83.23. RevPAR grew more than 3.0% for each year from 2010 to 2016.
Chatham Lodging Trust (NYSE:CLDT) today announced that it has acquired the 96-room Courtyard by Marriott Charleston Summerville, S.C., for $20.2 million, or approximately $210,000 per room.
Property is first Andaz Hotel in Southeast Asia
Four Seasons Hotel São Paulo at Nações Unidas is the first Four Seasons location in Brazil
InterContinental Hotels Group (IHG) announced the opening of the Holiday Inn Express Moscow - Paveletskaya. Located in the thriving business district, the hotel is a short walk from Paveletskaya Station and the Aeroexpress train (offering a direct connect to Domodedovo airport), making arrival and departure simple for hotel guests.
40 percent of workers have called in sick in the last 12 months when they weren't, compared to 35 percent in 2016