Daily Lodging Report
Skift
Skift Meetings
Airline Weekly
Skift Research
Skift Live
Latest News
North America
Asia Pacific
Hotel Stock Index
Subscribe
Login
Login
Local Hospitality
North America
Sotherly Hotels Reports Preliminary Operating Results
Sotherly Hotels reported preliminary operating results for 1Q23 for their 10 wholly-owned properties. RevPAR was up 21.4% led by an 11.4% jump in occupancy. Tighter budgets, busy airports, and soaring prices are prompting a more frugal tourist to return . Even high-end travelers are pulling back on their vacation spending, Bloomberg reported. Lightstone announced the April 12 debut of the 37-story, 727-key Moxy & AC Hotels Downtown Los Angeles.
April 4th, 2023