Who do you consider your “comp set?” STR defines competitive set (comp set) as “a peer group of hotels that competes for business and is selected to
Group ADRs: Do room rates reflect group performance in a market?
Last week, STR reported on ADR for group room rates in high-end hotels in the US, which increased 4.4% in 12 months. STR clarifies that the group room
Growing Pains: Handling the pitfalls of record occupancy
After a dynamic year for hotel occupancy in 2015, demand spurred a rise in planned hotel construction in most major markets. 4,721 hotel projects were
The hospitality outlook for 2017 and what to do about it
2017 has you biting your nails? You’re not alone. Most US hotels fear the forecasted occupancy and ADR for the coming year. Though occupancy looks
Catch NewGroup Opportunities as Meeting Planners Shift Destination Preferences
A recent article in MeetingMentor Online highlighted predictions and views on the current market conditions that are now influencing planner behavior.