All posts in "Accommodations"
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U.S. Leads in Hotel Openings During Pandemic

October 16, 2020

The U.S. opened more hotels and rooms than any country between the beginning of March and end of September, according to global pipeline data from STR. At the same time, the country has shown significant growth in project deferrals and abandonments. As of 1 October, the U.S. opened 521 properties accounting for 55,395 rooms over […]

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Hotel Occupancy Remains Flat During Third Week of September

October 7, 2020

U.S. hotel occupancy remained nearly flat from the previous week, according to the latest data from STR through 26 September. 20-26 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.7% (-31.5%) Average daily rate (ADR): US$96.38 (-29.6%) Revenue per available room (RevPAR): US$46.96 (-51.7%) Most of the markets with the highest occupancy levels were those […]

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Hotel Occupancy Remains Flat During Third Week of September

October 6, 2020

U.S. hotel occupancy remained nearly flat from the previous week, according to the latest data from STR through 26 September. 20-26 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.7% (-31.5%) Average daily rate (ADR): US$96.38 (-29.6%) Revenue per available room (RevPAR): US$46.96 (-51.7%) Most of the markets with the highest occupancy levels […]

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Le Meridien St. Louis Clayton is Now Open

October 2, 2020

Le Meridien St. Louis Clayton is now open after a multi-million dollar, full-scale transformation by Silverwest Hotels. Located in downtown Clayton, Missouri, located on Bonhomme Ave., just west of Hanley Road, Le Meridien St. Louis Clayton is a new upscale hotel destination for creative and culturally-minded travelers and locals alike. General Manager Andrew Hargis says, “Following […]

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Survey Shows 67% of Hotels Will Not Survive Without Another Stimulus Bill

October 1, 2020

With Congress remaining gridlocked and failing to pass another round of COVID-19 recovery legislation, the American Hotel & Lodging Association (AHLA) is hosting a virtual press conference Tuesday, September 29, 2020, at 12:30 PM ET/9:30 AM PT.  This conference will feature the hotel industry leaders from California, Florida, and Illinois: Chip Rogers, President and CEO […]

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Eldorado Resorts and Caesars Entertainment Complete Merger

September 17, 2020

Caesars Entertainment, Inc. (“Caesars,” “Caesars Entertainment”, or the “Company”, formerly known as Eldorado Resorts, Inc. or “Eldorado”) announced that it completed its acquisition of Caesars Entertainment Corporation (“CEC”). The transaction creates the largest casino and entertainment company in the U.S. The transaction further enhances Caesars’ position as the leading regional and destination gaming operator in […]

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Midas Hospitality to Open St. Louis’ First Element by Westin

September 16, 2020

Leading hotel development, management and investment firm Midas Hospitality is set to open St. Louis’ sole eco-conscious Element by Westin on Oct. 30. Located at 3763 Forest Park Ave., the $40 million Element St. Louis Midtown is a seven-story hotel with 153 extended stay rooms.  The rooftop UPBAR—Midas Hospitality’s first owned and operated bar in […]

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Hotel Occupancy Rises to 69.0% During First Week of September

September 11, 2020

Boosted in part by Labor Day weekend, U.S. hotel occupancy increased slightly over the previous week, according to the latest data from STR. 30 August through 5 September 2020 (percentage change from comparable week in 2019): Occupancy: 49.4% (-18.9%) Average daily rate (ADR): US$100.97 (-17.1%) Revenue per available room (RevPAR): US$49.87 (-32.8%) Hotel demand grew to […]

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Hotel Occupancy Slightly Decreases for Second Week in a Row

September 3, 2020

U.S. hotel occupancy decreased slightly for the second consecutive week, according to the latest data from STR. 23-29 August 2020 (percentage change from comparable week in 2019): Occupancy: 48.2% (-27.7%) Average daily rate (ADR): US$98.39 (-23.2%) Revenue per available room (RevPAR): US$47.38 (-44.5%) The industry sold 237,000 fewer room nights than the previous week, which […]

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Hotel Occupancy Moves Further From 50% Occupancy in August

August 28, 2020

As U.S. hotel occupancy almost approached 50%, it fell to a three-week low during the period of 16-22 August, according to the latest data from STR. 16-22 August 2020 (percentage change from comparable week in 2019): Occupancy: 48.8% (-30.3%) Average daily rate (ADR): US$100.08 (-22.7%) Revenue per available room (RevPAR): US$48.81 (-46.1%) The prior week, […]

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