Prefabricated building has doubled in size over the last five years, but it's not without its challenges
EP Indicator Has Risen to a New Reading of 1.7 Points
Americans confidence on the economys performance six months from now increased 0.8 percent points in May, after rising 0.9 percent points in April.
Absorption of new inventory of rooms across the country is putting downward pressure on national occupancy; average rate continues to grow, albeit at a slower pace.
Panelists Share Insights on Bridging the Gap Between Aspirational and Accessible Travel
In 2010, Attrition and Cancellation Fee income equaled 1.0 percent of Total Operating Revenue. This metric declined to 0.8 percent in 2011 but has since risen to 1.1 percent of Total Operating Revenue in 2016 and 2017.
In April, the U.S. hotel industry reported occupancy rose 0.3% to 68%, ADR increased 0.9% to $131.85 and RevPAR rose 1.2% to $89.67.
U.S. hotel industrywide house profit reached $80 billion in 2018 even as labor costs increased at a higher rate than revenues.
e-forecasting.com's U.S. monthly GDP, monthlyGDP , fell in April by an annualized month-to-month growth rate of 0.2% to $18,920 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 0.2% in March.
With 168 hotels comprising 23,324 rooms in construction through April, Central and South America's number of rooms in construction is down 5.3% year over year.