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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 have established offices in the metropolitan area, and more than 200 of these companies have headqu...
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...