u.s. lodging

/Tag: u.s. lodging

u.s. lodging

U.S. Lodging Performance Fell Short of Budget in 2017

Robert Mandelbaum | October 22, 2018

by: Robert Mandelbaum In 2017, the actual achieved levels of occupancy, average daily rate (ADR), total revenue and profits for U.S. hotels were less than their respective budgeted amounts. After a five-year period (2011 through 2015) of extremely accurate budget projections, this marks the second consecutive year that owners and operators failed to meet their operating goals. As general managers, controllers, and directors of sales begin the process of preparing their budgets and marketing plans for 2019, we present the results of our most recent look at the budgeting accuracy of U.S. hotel operators. From CBRE Hotel's Americas Researc...

PwC Hospitality Directions US: May 2018

PwC US | May 29, 2018

Following a better than expected first quarter, lodging metrics continue to remain positive. First quarter results yielded stronger than expected increases in demand for many hotel companies, as well as slightly stronger rate growth, driven primarily by an increase in commercial transient travelers. Year-over-year for the first quarter, RevPAR increased across the transient segment nationally, led by rate growth. As hotels continue to feel the pressure from rising wages, insurance costs and other expenses, the components of RevPAR growth become more important. With occupancy levels at record levels, an expected uptick in commercial ...

U.S. Lodging Fundamentals Portend Improved RevPAR Growth

Fitch | May 16, 2018

Fitch Ratings-New York/Chicago-16 May 2018: U.S. lodging RevPAR growth will be in the 2% - 4% range in 2018, according to Fitch Ratings. The agency raised its prior outlook of 0% - 2% growth due to better than expected corporate transient lodging demand in the context of continued, strong leisure demand and moderate industry supply growth. Higher-end resort hotels will outperform but elevated supply in key markets such as New York City will weigh on urban and upscale hotels. The sector credit outlook is stable, with most issuers reporting healthy operating fundamentals and managing leverage within stated financial policy targets. U.S. l...

Supply Growth to Peak in 2018, Impacting Changes in Local Market Occupancy and ADR

CBRE Group, Inc. | February 21, 2018

Atlanta – February 21, 2018 – The supply of new hotel rooms entering the U.S. lodging markets will peak in 2018. Based on the recently released March 2018 edition of Hotel Horizons®, CBRE Hotels' Americas Research is forecasting the net addition of approximately 101,000 rooms to the U.S. lodging inventory during 2018, an increase of 2.0 percent over 2017 average annual daily supply. This is the largest number of new rooms to enter the market since the 130,000 rooms that came on line in 2009. "The national changes in supply are less than what we observed during the latter year cycles of the 1980s, 1990s and 2000s, so the ...

Data Reveals Risks, Prospects Facing US Hotels in 2018

John Burke | February 1, 2018

By John Burke With the start of the new year, many of us take stock of where we are and what 2018 holds in store. The status of the U.S. hotel industry partly depends on the lens you're looking through—whether you're a franchise company, developer, owner, operator or investor. While the opportunities and strengths of one perspective could be a threat or weakness to another, these items contribute to the big picture, regardless of your role in the industry. Strengths Record occupancy: U.S. hotel occupancy of 65.9% in 2017 is the highest since STR began recording U.S. lodging performance in 1987. Gross operating profit: GOP per avai...

Healthy Consumer, Spending Shifts Benefit U.S. Lodging & Leisure

Fitch Ratings | February 10, 2017

Fitch Ratings-New York-10 February 2017: A healthy U.S. consumer bodes well in the near term for the U.S. lodging and leisure sectors, according to the first edition of Fitch Ratings' "All Inclusive: U.S. Lodging & Leisure Handbook." "With consumer confidence, employment and household balance sheets at or near the strongest levels in 15 years, lodging and leisure sector fundamentals are on solid near-term footing," says Stephen Boyd, Senior Director, U.S. Corporates. "Longer term, consumer preferences for experiences rather than physical goods will benefit the sector, specifically hospitality and travel-...

Fitch Ratings: Softer Transient US Lodging Demand Subdues Confidence

Fitch Ratings | November 10, 2015

Fitch Ratings-New York-10 November 2015: The U.S. lodging upcycle remains solidly intact notwithstanding the litany of concerns that have overtaken investor sentiment this year, according to Fitch Ratings. Falling stock prices (since January), selected guidance cuts (late summer), weak August industry RevPAR data, and now additional guidance cuts and disappointing commentary around October transient demand during 3Q15 earnings season have all contributed to investors' worries, with some factors transpiring alongside weakness in select key macroeconomic indicators during 3Q15. However, several factors point to continued, solid lodgin...

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.