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THE REVPAR OF U.S. hotels reached an all-time weekly high on a nominal basis in THE second week of June as performance jumped, according to STR. THE ADR and occupancy levels were THE second and third highest of THE pandemic-era, respectively, during THE week. Occupancy was 70.6 percent for THE week ending June 11, up from 63.2 percent THE week before and dropped 4.1 percent from 2019. ADR was $155.37 for THE week, up from $147.35 THE week before and increased 15.4 percent from three years ago. RevPAR reached $109.76 during THE week, up from $93.16 THE week before and up 10.7 percent from 2019. According to STR, THE top 25 markets posted THEir highest metrics since THE beginning of THE pandemic in aggregate during June's second week. Leading THE major markets in absolute occupancy for THE week were Seattle with 85.2 percent, San Francisco/San Mateo with 84.3 percent and New York with 85.1 percent.

IN 2020 AND 2021, U.S. hotel operators did a praiseworthy job controlling expenses to offset the significant declines in revenue. Based on data from CBRE's Trends in the Hotel Industry survey of annual operating statements from thousands of properties across the U.S., not only have we seen a reduction in the variable expenses associated with the drop in business volume (i.e., occupied rooms, restaurant covers), but also in cuts among what were previously thought to be fixed expenses. During this time period, insurance costs were out of operators' control. Per the 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI), insurance expenditures are classified as a non-operating expense and reported on the summary operating statement below gross operating profits. the insurance expense line item includes property insurance for building, contents, and business income from all perils, as well as general liability and excess liability insurance. the insurance expense category does not include workers compensation insurance, which is allocated to the operated and undistributed departments. To analyze recent changes in hotel insurance costs, and the factors that influence those changes, we examined the operating statements of 3,156 U.S. hotels that reported insurance expenses for the Trends survey each year from 2015 through 2021 (estimated). the following paragraphs summarize the findings from our analysis.

AS THE FIRST investment for its recently announced $100 million real estate fund, NewcrestImage has purchased THE Magnolia Hotel in downtown Dallas. THE company, which is based in Dallas, purchased THE historic building from Denver-based Stout Street Hospitality. Opened in 1922 as THE headquarters offices for Magnolia Petroleum, THE 325-room, 29-floor Magnolia Hotel was THE city's first skyscraper and THE first high-rise in THE United States to have air conditioning. It is listed on THE National Register of Historic Places and opened as a luxury boutique hotel in 1999. THE hotel is across from THE 37-floor world headquarters of AT&T and THE $100 million AT&T Discovery District, a shopping, dining and entertainment development. THE Discovery District features a 30-foot diameter interactive "walk-in" sculpture and a 104-foot high media wall for watching sports, movies and music events. THE hotel features a library, a restaurant, two lounges and 11 meeting rooms, that range from 230 to 3,500 square feet. "Rooted in history and ready to be reinvented for THE future - that describes this hotel, and also our entire hospitality industry right now," said Mehul Patel, chairman and CEO of NewcrestImage. "THE Magnolia Hotel is an especially relevant and significant opportunity for us because it continues two important corporate commitments - re-energizing downtown Dallas and revitalizing historic buildings."

HILTON HAS LAUNCHED a new extended-stay brand, Project H3, designed to meet the needs of the rapidly expanding $300 billion workforce travel market, looking for apartment-style accommodations for 20 nights or more. Launching in the U.S. as Hilton navigates the final stages of the trademark process, this lower midscale, extended-stay brand is the newest addition to Hilton's portfolio, the company said in a statement. Hilton is engaged in more than 100 active development conversations with many owners expressing interest in multiple locations. According to the statement, the product provides a foundation for the long stay, allowing guests to make the most out of every day, and delivers an exciting investment option for developers looking to diversify their portfolio under the Hilton name. "Project H3 is perfectly positioned to serve the unique needs of the long-stay traveler, thanks to its innovative design, strong value proposition for our owners and of course, the hospitality our team members offer every day," said Chris Nassetta, Hilton president and CEO. "We aim to serve any guest, anywhere in the world, for any travel need they may have, and this new brand represents a greater opportunity for us to grow our portfolio while providing the reliable and friendly service our customers expect from Hilton." Hilton's in-house research shows long-stay travelers, including traveling nurses, military personnel, and those experiencing workforce relocations, place quality time and comfort above all else. In addition, those looking for a long stay will book an average of 20 or more nights and desire a reliable home base that allows them to maintain their routines while delivering simplicity, consistency and convenience.

U.S. HOTEL PERFORMANCE increased from the previous week and showed improved comparisons year-over-year, according to STR. Meanwhile, U.S. occupancy reached the second highest level for any week this year. Occupancy came in at 67.5 percent for the week ending May 20, up from 65.1 percent the week before and down 1.5 percent over the comparable week in 2022. ADR was $158.53, up from $154.90 the previous week, and increased 3.6 percent from 2022. RevPAR stood at $106.98 in the recent week, jumped from $100.81 the week before and increased 2.1 percent against the same period in 2022. Among the top 25 markets, Washington, D.C., saw the highest year-over-year increases in each of the three key performance metrics: occupancy rose 9.3 percent to 83.2 percent, while ADR increased 16.2 percent to $220.58. RevPAR also rose 27 percent to $183.60. Furthermore, the weekly occupancy level was the highest in the market since the start of the pandemic, STR said.

U.S. HOTEL PERFORMANCE dropped in the fourth week of October compared to the week before, according to STR. When compared to 2019, occupancy increased as a result of the Halloween calendar shift, as the holiday fell during the comparable week three years ago. STR reminded that in the first week of November performance metrics will show the negative side of that shift. Occupancy was 65.8 percent for the week ending Oct. 29, down from 69.9 percent the week before and up 5.2 percent from 2019. ADR was $152.94 during the week, dipped from $157.43 the week before and up 21.4 percent from three years ago. RevPAR reached $100.59 during the week, down from $110.11 the week before and up 27.8 percent from 2019. Among STR's top 25 markets, Tampa reported the largest increase in each of the key performance metrics: occupancy up 21.5 percent to 76.1 percent, ADR increased 42.1 percent to $158.38 and RevPAR improved 72.5 percent to $120.58, over 2019. Tampa has been one of the markets in Florida that have seen a performance lift associated with post-Hurricane Ian demand.

THE U.S. HOTEL construction pipeline grew 9 percent by both projects and rooms year-over-year, according to THE latest U.S. Construction Pipeline Trend Report from Lodging Econometrics. It stood at 5,545 projects with 658,207 rooms at THE close of THE first quarter of 2023. Meanwhile, THE hotel construction pipeline in THE top 25 markets in THE U.S. also registered year-over-year growth in THE first quarter. Dallas had a record 184 projects with 21,810 rooms at THE close of THE first quarter, followed by Atlanta with 144 projects containing 18,242 rooms, Los Angeles tally stood at 118 projects with 19,066 rooms, Phoenix with 117 projects with 16,100 rooms and Nashville had 115 projects containing 15, 354 rooms, LE report revealed. In anoTHEr report, LE analysts also detailed THE leading franchise companies and THEir brands in THE construction pipeline at THE close of THE first quarter. Marriott International tops THE charts with 1,499 projects containing 181,377 rooms, followed closely by Hilton Worldwide, with a record-high count of 1,436 projects with 161,359 rooms, and THEn InterContinental Hotels Group (IHG) with 809 projects containing 80,679 rooms. Combined, THEse three franchise companies comprise 68 percent of THE projects in THE total U.S. pipeline, LE said.

THE 2020 COVID-influenced lodging industry recession resulted in some noticeable changes to THE way hotels provide F&B service. Social distancing regulations forced operators to be creative in THE way THEy served food and beverages to guests. Rising wage rates and sharp increases in THE cost of food and beverage products compelled hotel managers to find ways to control costs. THE inability of hotels to attract employees to fill THE positions eliminated during THE recession required creative solutions to improve productivity and offer more with less. THEse factors resulted in THE following hotel food and beverage trends during THE subsequent recovery period: THE increased offering of kiosks and grab-and-go venues THE closing of traditional three-meal-a-day restaurants A reduction in THE menus, number of seats, and hours of remaining F&B venues Reductions in in-room dining and mini-bar service THE conversion of food and beverage space to oTHEr revenue generating purposes To learn how THEse recent changes in hotel food and beverage operations have impacted revenues and expenses, we have analyzed THE operating statements of 2,500 U.S. full-service, resort, and convention hotels that participated in CBRE's annual Trends in THE Hotel Industry in 2021 and 2022. In 2022, THEse 2,500 properties averaged 285 rooms in size, and achieved an occupancy of 64.7 percent, along with an ADR of $225.60. To provide more current information, we also relied on THE monthly operating statements of 1,200 properties during THE period January through June of 2023.

EXTENDED-STAY HOTELS OUTPEFORMED the broader hotel industry across all performance metrics in October, marking a notably strong month for the sector, according to the Highland Group. Extended-stay supply outpaced demand, leading to a decrease in occupancy. However, the decline was less pronounced than the overall hotel industry, where STR/CoStar reported a drop in demand compared to the previous year. Furthermore, the metrics of extended-stay hotels, including ADR, RevPAR, and revenues, demonstrated stronger growth compared to their counterparts in the broader hotel industry, the Highland Group said. the 2.2 percent net rise in extended-stay room supply in October, consistent with September, represents a modest increase compared to the average over the past 16 months. However, October marked the 25th consecutive month of 4 percent or less supply growth, significantly below the long-term average. the 12 percent surge in economy extended-stay supply, coupled with a reduction in mid-price segment rooms, primarily results from conversions, as new construction in the economy segment is estimated at around 2 percent of rooms compared to a year ago, the report added.

WYNDHAM HOTELS & RESORTS' board of directors has officially advised the company's shareholders not to support an exchange offer from Choice Hotels International to acquire Wyndham. the offer is "insufficient" and prone to regulatory risks, the board said. Choice announced its latest offer directly to Wyndham stockholders last week. At that time, Wyndham's board said at that time that it would review the offer, though it also said it appeared to be the same as the original offer it rejected in November. On Monday, the board released its official statement rejecting the latest offer. "Choice has, once again, failed to address the major value gap and risks of their offer - which remains virtually unchanged from the terms outlined in their previous unsolicited proposal," said Stephen Holmes, chairman of the board. "the core issues we have articulated remain the same: a likely prolonged regulatory review period of up to 24 months with an uncertain outcome; the pure inadequacy of the offer from a valuation standpoint, including the significant equity component of Choice stock; and the lack of consideration for Wyndham's superior, standalone growth prospects."

U.S. EXTENDED-STAY HOTELS set new records for demand, ADR, RevPAR and room revenues in the fourth quarter of 2022, according to a report from hotel investment advisors the Highland Group. Also, the report showed rate resistance is apparent at lower price points due to recession and the economy extended-stay segment reported nine consecutive months of declining demand and three successive quarterly falls in occupancy. According to the Highland Group's "U.S. Extended-Stay Hotels: Fourth Quarter 2022" report, mid-price extended-stay hotels reported their second consecutive quarterly decline in occupancy in fourth quarter. Similar occupancy declines occurred for about two years starting in mid-2015 before ADR growth moderated and occupancy recovered. Extended-stay hotel supply growth was the lowest since 2013 during the quarter, below its long-term historical average for 20 consecutive quarters. the last time extended-stay supply growth was consistently near its current level was from 2010 fourth quarter through third quarter of 2014. "Extended-stay hotel RevPAR was more than 12 percent higher than in fourth quarter of 2019. there were 567,770 extended-stay hotel rooms open at the end of the quarter. Excluding 2020, the 6,481 net gain in rooms open over the last year was the lowest annual increase since 2012. Room nights available increased 1.2 percent over the last year which was the smallest annual gain in supply for nine years," the report said. "Fractional net economy and upscale segment supply gains compared to 2021 are largely due to re-branding moving rooms between segments in our database, de-flagging of hotels which no longer meet brand standards, as well as the sales of some hotels to multi-family apartment companies and municipalities."

AAHOA'S NEXT ANNUAL conference and tradeshow, set for April 11 to 14 in Los Angeles, already has set a record for the number of booths sold. It will be the largest conference in 34 years, AAHOA said. the association has sold 81,900 square feet of exhibit space for the upcoming AAHOA Convention & Trade Show, exceeding the 77,500 square feet sold for the 2019 conference, which was previously the record holder. In addition, as of Feb. 8, AAHOA has nearly doubled the registration total of lifetime members compared to AAHOACON22, and the organization is still on pace to exceed 2019 registration totals of more than 8,000 attendees "I've been in the exhibition business for a long time, and I'm so impressed to see the enthusiasm, excitement, and response from vendors who are looking to do business with AAHOA Members," said Dennis Smith, AAHOA vice president of business development. "Our team is thrilled to reach this historical milestone, with the ultimate goal of connecting as many AAHOA Members as possible with the product and service providers who can help them make money, save money, protect their investments, and better serve their guests." AAHOA's 20,000 members spend $50 billion with suppliers attending the event each year. "I always look forward to the industry's Super Bowl event, and this year, as I conclude my term as AAHOA Chairman, I'm proud of the work our association has done to prepare for the event and connect even more vendors directly with decision makers," said Nishant "Neal" Patel, AAHOA chairman. "AAHOA Members spend billions of dollars each year with suppliers, and AAHOA plays an important role in connecting hoteliers directly with those who can help them run a better, more profitable, and more efficient business - AAHOACON is where deals are made."

HELPED BY THE onset of spring break travel, U.S. hotels' performance bettered in THE second week of March from THE previous week, according to STR's latest data through 11 March. THE top 25 markets were up on a weekly basis but still behind 2019 levels. Occupancy for THE week ending March 11 came in at 64.7 percent up from 62.8 percent THE week before, 2.8 percent more than THE comparable week in 2022 and 7.5 percent below THE comparable week in 2019. ADR stood at $158.20, up from $151.35 THE previous week and also up 8.1 percent and 16.6 percent over THE same month in 2022 and 2019, respectively. RevPAR was reported at $102.38, up from $95.06 THE previous week, and an increase of 11.1 percent and 7.8 percent over THE same month in 2022 and 2019. Among THE top 25 markets, Washington, D.C., witnessed THE highest year-over-year occupancy increase compared to 2019, up 21.8 percent to 67.6 percent. However, none of THE Top 25 Markets saw an occupancy lift over 2019. Meanwhile, D.C. also registered THE most substantial ADR increase at $183.86 against 2019, up 23.4 percent. D.C.'s RevPAR rate also climbed up 50.2 percent to $124.33 year-over-year. Anaheim reported THE highest ADR increase for spring break week, up 51.4 percent to US$245.62 and RevPAR rose 42.2 percent to $189.81, when measuring against 2019.

GEOFF BALLOTTI, PRESIDENT and CEO of Wyndham Hotels & Resorts, is the second recipient of the Arne Sorenson Social Impact Leadership Award. the award is presented by the American Hotel & Lodging Association, the American Hotel & Lodging Foundation and the BHN Group. Ballotti will receive the award Jan. 22 AHLA Foundation's premier fundraising gala, Night of a Thousand Stars, and again during the 22nd Annual Americas Lodging Investment Summit in Los Angeles on Jan. 24, according to AHLA. the award is named after Arne Sorenson, the former president and CEO of Marriott International who passed away in 2021, and in December of that year David Kong, the recently retired president and CEO of Best Western Hotel Group, was the inaugural recipient. "Geoff - much like Arne - is a true embodiment of all the good that hospitality represents. His empathy, his accessibility and his commitment to doing the right thing is what makes him one of our industry's greatest leaders," said Chip Rogers, AHLA president and CEO. "the story of his success, from dishwasher to CEO of the world's largest hotel franchisor, is inspirational - as is his dedication to ensuring the success of future hotel leaders. I am lucky to call Geoff a colleague and friend, and it fills me with pride to honor him with this award."

NEARLY 80 PERCENT of travelers said that the latest COVID-19 variant, BA5, is unlikely to make them cancel or postpone international travel this year, according to a survey from travel risk assessment firm Global Rescue. At the same time, Global Rescue said relaxed COVID-19 recommendations from the Centers for Disease Control and Prevention could encourage travelers' confidence. the floodgates are opening the Summer 2022 Global Rescue Traveler Safety and Sentiment Survey found that 68 percent of respondents have already traveled internationally since the pandemic. Another 16 percent expects to travel abroad by the end of the year and 9 percent plan to do so in the first quarter of 2023. "Whether it's revenge travel or responsible travel following vaccination, or a combination of both, 7-out-of-10 travelers are much less concerned about travel compared to the beginning of the pandemic," said Dan Richards, CEO of Global Rescue and a member of the U.S. Travel and Tourism Advisory Board at the U.S. Department of Commerce. "they feel safe enough to plan trips and vacations because they're vaccinated, borders are open, and they have confidence they'll be able to get home if the worst happens." the U.S. ending its requirement for a negative COVID test to enter the country in June also went far in increasing confidence and encouraging visits from international travelers, Richards said. Nearly half of travelers, 49 percent, said that they are more likely to travel internationally in the next 12 months as COVID related restrictions are relaxed.

A LAWSUIT FILED in federal court in Washington state alleges that STR, owned by commercial real estate information researcher CoStar Group, along with several major hotel companies conspired to inflate luxury hotel rates. The seven individuals named as plaintiffs in The lawsuit seek to make it a class-action filing on behalf of every person who stayed at The defendants' hotels from February 2020 until The present for an unspecified amount. CoStar and hotel companies including IHG Hotel & Resorts, Marriott International and Hyatt Hotels Corp., entered an exchange of "competitively-sensitive information about Their prices, supply, and future plans" in violation of The antitrust provisions of The Sherman Act, according to The lawsuit. STR and most of The oTher defendants in The suit did not respond to requests for comment in time for this article, but a spokesperson for IHG said The company could not comment on pending litigation. "Teddy Roosevelt passed The antitrust laws to prevent titans of industry from price fixing in smoke-filled rooms," Steve Berman, The plaintiffs' lead attorney told Reuters, calling The defendants' conduct The "modern equivalent." The alleged price fixing happened in major cities including Boston, Chicago, Los Angeles, New York, San Diego, Denver, Washington, D.C., and Seattle. The lawsuit focuses on STR's "Forward STAR" product that was expanded into many of those markets in April after launching 17 of The country's 25 largest hotel markets, including Las Vegas, New York City, Los Angeles, Washington, D.C., Boston and Phoenix.

NEW YORK LEADS the top 50 U.S. markets in hotel construction with 47 projects and 7,655 rooms currently underway, according to Lodging Econometrics. the city has a total of 78 projects and 13,549 rooms in its hotel construction pipeline, the 10th largest in the U.S. Projects set to start in the next 12 months include eight projects with 1,079 rooms, while early planning includes 23 projects with 4,815 rooms, according to LE's Q1 2024 Market Trend Report for New York, released before the NYU International Hospitality Industry Investment Conference. Within the New York market, the three submarkets with the largest hotel construction pipelines are the New York City area (including Brooklyn East, the Bronx, and Staten Island) with 25 projects and 2,096 rooms, the report said. Similarly, the Midtown South area features 11 projects and 2,535 rooms, while the Midtown West/Times Square area has 10 projects and 4,131 rooms. Combined, these submarkets account for 59 percent of the projects and 65 percent of the rooms in the market's total construction pipeline.

THE DEPARTMENT OF Homeland Security will issue more than 64,000 additional H-2B visas for fiscal year 2024, surpassing a congressionally authorized discretionary cap for THE second consecutive year. THE American Hotel & Lodging Association, AAHOA and oTHErs have been lobbying for THE increase as a step to relieving THE labor shortage challenge in THE hotel industry. A forthcoming interim final rule, which was announced on Friday, will additionally approve temporary work visas, bringing THE total to over 130,000 including those issued under THE regular annual cap of 66,000. Chip Rogers, AHLA president and CEO, commended THE federal government's action. "THE H-2B Workforce Coalition, which AHLA co-chairs, worked hard to convince THE Biden administration to offer this considerable expansion, which nearly doubles THE yearly allocation of H-2B visas," said Rogers. "THEse extra visas will be crucial to helping hotels and resorts in remote vacation destinations fill seasonal roles, and we thank Homeland Security Secretary Mayorkas for making THEm available. But we still need help from Congress to get hoteliers across THE country all THE employees THEy need. That includes establishing an H-2B returning worker exemption, passing THE Asylum Seeker Work Authorization Act, and passing THE H-2 Improvements to Relieve Employers (HIRE) Act."

With the internet enabling dating a fully-fledged culture, online dating has become widely popular. Almost every young fellow understands how to meet girls online. they would be aware of a few techniques, online etiquette, and the best ways to pick up women. On the other hand, women would not mind such flirtatious conversation and an occasional pick up as well. the rising popularity of online dating the foremost reason for the popularity of online dating is it saves time. Earlier dating used to be a lengthy process where the man has to win the woman's heart, bring her flowers, buy presents, pull up to her place, book a place for a meetup, contact her for the next date, and think through the situation of your date. However, online dating has skipped several steps from the beginning. People have started to value words more than their actions. Online dating has united people from different parts of the globe. It does not need a comprehensive knowledge of the place to meet women online. You could reach anywhere across the world with a click of a mouse on Meetagirls, talk to a specific group, or develop a relationship with a woman whom you could never see otherwise. Online dating has brought a variety to the world. It has been amazing how easy you would unite people of different skin tones, races, complexions, religions, races, outlooks, and more. You would choose from a wide list of options or simply look for another available option.

THE AMERICAN HOTEL & Lodging Association is set to host THE inaugural General Manager Summit at "THE Hospitality Show" on June 28 at THE Venetian Resort Las Vegas. THE first-of-its kind event will be held annually and bring togeTHEr hotel GMs from across THE country to hear from expert speakers, share best practices and network. THE event will also celebrate THE industry's best GMs via an awards ceremony, AHLA said in a statement. "General Managers are THE backbone of any hotel, and that's precisely why AHLA offers this important group of professionals a host of top-notch professional development, networking and event opportunities," said Chip Rogers, president and CEO of AHLA. "AHLA's General Manager Summit at THE Hospitality Show is THE can't-miss event of THE year for GMs, and we're excited to see you THEre this June." AHLA said THE event is free for all GMs attending THE Hospitality Show, which takes place June 27-29 at THE Venetian Las Vegas, but GM summit attendees must register for THE event here.