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Today, FLYR for Hospitality is excited to announce a new data sharing collaboration with STR, one of the leading providers of data benchmarking and competitive insights for the global hospitality industry.
Maui County hotels led the counties in June 2023, bringing in the highest revenue per available room and average daily rate, according to the Hawai‘i Hotel Performance Report published by the Hawai‘i Tourism Authority.
Article - HVS Market Report - The Strong Rebound of the Newport, Rhode Island Lodging Market - By Raymond Parejo - The destination market of Newport, Rhode Island, has recovered more quickly from the COVID-19 pandemic than many other cities in the Northeast. This article highlights the markets recent performance and outlook.
Newport, Rhode Island, became America’s first resort city in the 1720s, as wealthy passengers traveled by ship from the southern colonies and the Caribbean to escape the summer heat and humidity. Among the significant historical attractions in the city, which boasts more standing buildings constructed before 1830 than any other American community, are the legendary Newport mansions that served as summer homes for the likes of Cornelius Vanderbilt in the early 20th century.
Whether a recession is approaching in the short-term future or not is uncertain, but revenue managers and analysts agree that the effects of one wouldn’t be harsh on the hospitality industry. After dealing with the COVID-19 pandemic the past few years, any impending problem isn’t as frightful as it once was.