Lodging & Hotel

The cost of hotel and motel accommodations in the U.S. surged 7.9 percent in June from a month earlier, the second-largest gain on record, according to the Labor Department.

Revenue per available room was up 5.7 percent last week compared to the same period in 2019.

A survey of 13,000 job seekers found former hospitality employees wanted high pay, a less physically demanding workplace and better benefits.

The deal brings the value of Host Hotels’ recent acquisitions to $1 billion and signals that lodging investors think the industry has turned the corner.

The private equity firm’s second dedicated property fund has raised $2.2 billion for investment in European apartments, warehouses and hotels.

Leisure hotels are leading the recovery in the hotel sector with high occupancies and average daily rates.

For the week spanning June 1-8, the state saw 2,000 more arrivals than it did in the same period in 2019. But it’s facing a shortage of hospitality workers.

Summer leisure bookings are skyrocketing as Americans emerge from the pandemic, but business travel is rebounding more slowly.

Early results show that investors in the lodging company will approve the deal, despite opposition from six large shareholders.