The more we dig into generational travel, the more we realize another, equally important trend - multigenerational travel. In fact, the rise in multigenerational travel is, arguably, positioned to change the hotel and travel industry.
The Stow has always been a great hotel. Sitting high on the hill overlooking the river its bones and lines are completely classic. The 505 rooms all have a view of something great. For decades, the hotel had been the home away from home for the elite of the world.
Only hotels in the South Atlantic region experienced a positive price momentum during this period. The performance of hotels in non-gateway cities declined at a faster rate relative to those in gateway cities. Hotel financial operating performance has finally returned to positive profitability with operating profit exceeding both a hotel propertys operating costs as well as financial (borrowing) cost, based on economic value analysis (EVA).
During the week of 6-12 October, U.S. hotel occupancy fell 1.4% to 70.8%, ADR dipped 1.2% to $131.38 and RevPAR decreased 2.6% to $92.99.