According to pipeline data from STR, the number of hotel rooms under construction in the U.S. has declined or remained flat year over year for three consecutive months. Overall, there were 179,979 rooms in construction across 1,400 hotels for the month of December.
HIP's six-month growth rate, which has historically confirmed the turning points in US hotel business Durham, New Hampshire USA - Business activity for US hoteliers declined to a reading of 119.4 in December according to today's release of the Hotel Industry's Pulse (HIP) indicator.
Innovative pitch competition for hospitality technology startups
StayNTouch presents the first webinar of 'The Best-of-Breed Power of a Cloud PMS Ecosystem' webinar series. New webinar titled, A Guide to Capturing and Aligning Your Data to Better Optimize Your Business explores how hotels can best capture and align the data between their PMS and RMS to enhance their bottom line.