Comparing a proprietary longitudinal data set on the operating performance generated by dual-branded hotels in the U.S. against a set of comparable single-branded hotels, we document mixed results. While dual- and single-branded hotels achieve similar occupancy percentages, dual-branded hotels generate higher average daily rate and revenue per available room.
Leveraging its innovation centers and neighborhoods, the city is rising in the ranks.
Analysts at Lodging Econometrics (LE) report that in the third quarter of 2019, Europes hotel construction pipeline climbed to record high counts with 1,710 projects and 264,080 rooms, an 18% increase in projects and a 16% increase in rooms year-over-year (YOY).
In October, the number of hotel rooms in construction in the Caribbean and Mexico regions rose 16.8% to 30,809.