Parts of California affected by wildfires saw significant increases in hotel demand, according to an analysis by STR's Consulting & Analytics division
Atlanta hosts Super Bowl LIII in February, and while the market has one of the highest number of hotel rooms available among the past eight Super Bowl host cities, Atlanta's absolute occupancy and ADR are expected to be lower than those of past Super Bowl host markets.
European hoteliers had cause for celebration in October, as hotels recorded a 6.1-percent year-on-year increase in profit per room. Performance was boosted by a number of major festivals hosted in key cities, according to the latest data tracking full-service hotels from HotStats.
Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent. Job gains occurred in health care, in manufacturing, and in transportation and warehousing.