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
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
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
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
A recent article in MeetingMentor Online highlighted predictions and views on the current market conditions that are now influencing planner behavior.