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STR Weekly Insights 19 April 2025: US Hotel Industry Experiences Holy Week Slowdown, Global Outlook Remains Positive
2025-04-28 17:31:22| Hotel Resource
During the Holy Week leading up to Easter and Passover, the U.S. hotel industry experienced a slowdown. Revenue per available room (RevPAR) dropped 9.3%, with hotel occupancy declining by 5.4 percentage points and average daily rate (ADR) falling 1.3%.
Category:
Hospitality
LATEST NEWS
Arch Amenities Group Appoints Operations, HR and IT Executives
2025-04-28 17:20:54| Hotel Resource
Arch Amenities Group today announced the appointments of Jessica Heger Michalak as senior vice president of operations, Stefanie Chenok as senior vice president of human resources and John Toman as vice president of information technology.
Category:
Hospitality
Sabre Corporation Sells Hospitality Solutions Business to TPG for $1.1 Billion
2025-04-28 17:11:18| Hotel Resource
Sabre Corporation has signed a definitive agreement to sell its Hospitality Solutions business to TPG, a global alternative asset management firm, for $1.1 billion. This will allow Sabre to pay down debt and further focus on its core business.
Category:
Hospitality