In 2017, the U.S. hotel industry saw occupancy increase 0.9% to $65.9%, and a 2.1% ADR increase to $126.72 drove RevPAR up 3% to $83.57 over 2016.
For 2018 the U.S. hotel industry is projected to report a 0.3% increase in occupancy to 66.1%, a 2.4% rise in average daily rate (ADR) to US$129.77 and a 2.7% lift in revenue per available room (RevPAR) to US$85.82.
Marcus Hotels & Resorts announced it has been selected to manage the Murieta Inn and Spa in Rancho Murieta, California, which opened today. The newly constructed luxury inn and spa is located southeast of Sacramento among the foothills of the Sierra Nevada Range in what is known as Gold Country.
Carlson Rezidor Hotel Group today announced the signing of a new Radisson Blu in Costa Rica. The new-build hotel will offer 100 rooms and is expected to break ground late 2018 with plans to open in December 2020.