The U.S. hotel industry reported occupancy dipped 0.2% to 59.5% during the week of 4-10 February. ADR rose 2.8% to $125.09 and RevPAR increased 2.6% to $74.48 during the week.
Choice Hotels International, Inc. (NYSE: CHH) along with PiNNacle Hospitality Group and The Wankawala Organization, announced this afternoon the groundbreaking of the Cambria Hotel Ocean City. Located at 309 North 1st Street, the 133-room property is slated to open in summer of 2019.
Four Seasons Hotels and Resorts today announced that its President and Chief Executive Officer, J. Allen Smith, will be leaving his position at the end of 2018 upon the completion of his five-year contract with the Company.
Marriott International Reports Fourth Quarter 2017 Results