With its Stock at Less than $1 a Share, Condor Hospitality Hopes Shift to Swankier Digs Will Give it a Lift
By Steve Jordon, Omaha World-Herald
Condor Hospitality Trust’s stock price isn’t soaring like its namesake.
By Editorial Staff, Hotel News Resource
Hotel industry performance remains strong, with Q4 2015 revenue per available room (RevPAR) increasing 4.0 percent year-over-year, and online and mobile bookings are continuing to drive this growth. According to data from TravelClick’s North American Distribution Review (NADR; Q1 2016), bookings through hotel company websites (Brand.com), online travel agents (OTAs) and in-person travel agents (global distribution systems / GDS) experienced the most growth in bookings in the fourth quarter, continuing the online / mobile trend from earlier in the year. TravelClick’s NADR report aggregates hotel bookings by channel for the transient segment (individual leisure and business travelers).
By Danielle Hess
Hoteliers in the San Francisco area are expecting high occupancy for Super Bowl weekend, but it’s still unclear how that will translate in revenue.
By Judy Maxwell
HOTELS IN SANTA CLARA, California can do a touchdown dance this weekend. The 2016 NFL Super Bowl has doubled and in some cases tripled occupancy and netted hotels champion-size room rates in Santa Clara, San Francisco and San Jose, reports TravelClick, which tracks advance reservations on the books.