The Outlook For U.S. Hotel Profits In 2018 - By Robert Mandelbaum and Bram Gallagher Ph.D.

Since 2014, U.S. lodging industry owners and operators have seen a steady decline in the pace of revenue growth. In 2014, rooms revenue per available room (RevPAR) increased by a healthy 8.2 percent according to STR. Per the December 2017 edition of CBRE’s Hotel Horizons®, RevPAR is forecast to increase by just 2.5 percent in 2018. Facing lackluster revenue growth, hotelier’s sights are now focused further on down the operating statement to determine what the impact of slow top-line gains will be on bottom-line profits.

Conrad Maldives Rangali Island Announces Undersea Residence

Destination Resort Invests $15 Million to Develop a Unique Sleeping Under the Sea Experience Debuting Q4 2018

Dual-Branded EVEN Hotel and Staybridge Suites Hotel South Lake Union Opens Downtown Seattle

The hotels are adjacent to the Amazon headquarter campus and the new Google campus in the South Lake Union market of Seattle. South Lake Union is also a hub for life science and biotechnology organizations such as the Fred Hutchinson Cancer Research Center, the Allen Institute for Brain Science and the University of Washington School of Medicine.

Meliá Hotels Announces New Hotels in Dubai and Marrakesh

Meliá Hotels International has just announced, during the main tourism fair of the Arab market (the ATM of Dubai), two new hotels that will open throughout this year in the United Arab Emirates and Morocco.

DiamondRock News

DiamondRock Hospitality Company Reports Fourth Quarter And Full Year 2016 Results
February, 22 2017
2016 Operating Highlights - Net Income: Net income was $114.8 million and earnings per diluted share was $0.57. Comparable RevPAR: RevPAR was $179.69, a 0.2% decrease from 2015. Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 31.81%, an increase of 15 basis points from 2015. continue reading →

Hilton Garden Inn Chelsea / New York City Sold for $65 Million
July, 14 2016
DiamondRock Hospitality Company (NYSE: DRH) announced today that it completed the sale of the 169-room Hilton Garden Inn Chelsea / New York City for $65 million to an affiliate of a China-based entity. The sale price represents a 13.5x multiple on the Hotel's adjusted earnings before interest, taxes, depreciation and amortization. continue reading →