Page 5 - Upper Midscale News Today

U.S. hotel industry occupancy topped 70% for the week ending 24 September 2022—an eight-week high. Weekday (Monday-Wednesday) demand and occupancy improved with the measures increasing to the highest levels since the summer. The Top 25 Markets saw weekday occupancy reach 75.7%, which was the second-best level since the start of the pandemic and the highest non-summer mark.

Amsterdam is in the province of North Holland, in the heart of the Randstad, Europe’s sixth-largest metropolitan area. The city of Amsterdam is the capital and the largest city in the Netherlands, with a population of just over 900,000 recorded in 2021. While Amsterdam is known globally for its historic canals, art museums (Rijksmuseum, Van Gogh Museum), red-light district and ‘coffee’ shops, it is also a significant European financial and business centre. More than 2,000 foreign companies...

U.S. hotel room demand for the week ending 23 July 2022 reached its seasonal apex with more than 28.4 million sold. That was the country’s highest weekly total for rooms sold since mid-2019 and the 10th largest weekly amount of the past 22 years. As we have stated over the past several weeks, this annual demand peak was fully expected as it previously occurred during this week (week 30) in 15 of the past 22 years. While strong, this year’s week 30 was not the best week 30 ever.

InterContinental Hotels Group is suitably placed to capitalise on the rebound in travel demand, given its exposure to U.S. demand and encouraging RevPAR growth. See why we rate IHG as a buy

/PRNewswire/ -- They did it again! For the 17th year in a row, the Drury Hotels team has set a record for guest satisfaction. J.D. Power ranked Drury "Highest...

Global Development Pipeline and First Quarter Domestic RevPAR Grow to Record LevelsPARSIPPANY, N.J., April 26, 2022 /PRNewswire/ -- Wyndham Hotels...

PARSIPPANY, N.J., Feb. 15, 2022 /PRNewswire/ -- Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended De...

IntercityHotel is Coming to Karlsruhe in 2023 Shares 29 April 2021 Deutsche Hospitality is launching a new project in its Upper Midscale Segment. The four-star IntercityHotel Karlsruhe will take shape right next to the city’s main railway station and will form part of a new and high-end complex to be known as KA DREI. The collection of buildings on the site will also include two office blocks with retail space, an underground car park and a café. The hotel itself is scheduled to open in ...