This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
You said it: 6 August 2010
August 6 2010

This week, a reader comments on the availability of financing and STR president Mark Lomanno talks ADR.

Each Friday, the HotelNewsNow.com editorial staff picks the most compelling (or downright gutsy) quote and reader comment from the previous week.

Comment of the week

Earlier this week, Chesapeake Lodging Trust announced it had entered into a credit agreement to obtain a US$115 million, two-year secured revolving credit facility with a syndicate of banks.

Some might view the agreement as a welcomed sign of easing capital markets, but commenter Bob S. had a different take:

“Its(sic) odd. These banks will give a line of credit to a Hotel REIT, but if an individual borrower called them for a loan, they are "out of the market". We live in strange times today...”

Quote of the week

There’s no doubt that hotel performance metrics look better in the United States, but one crucial measurement, average date rate, still lags, according to the number crunchers at STR.

During the opening session of the Hotel Data Conference, Mark Lomanno, president of the Hendersonville, Tennessee-based research company, explained that although demand has recovered in the U.S. hotel industry, pricing has a long way to go.

“(Revenue per available room) is all occupancy driven, and the room-rate trajectory will determine the recovery,” he said. “It requires a willingness to be aggressive on pricing.”

• Read “HDC: US laggard in hotel rates globally.”

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

TRENDING
Marriott keeps eyes on millennials
Danziger plans to grow Hampshire by thousands
Hoteliers diversify loyalty program offerings
Hoteliers taking notice of Airbnb, leaders say
Despite expansion, OTAs can’t replace brands
Stop ignoring your hotel’s unsung heroes
VIDEO
US supply growth not a problem
Low supply, group biz boost hotel sector
HDC attendees discuss revenue strategies
Hotel Data Conference: Day Two in review
Hotel Data Conference: Day One in review
LATEST NEWS
Investment criteria vary in South America
Millennial spend outpaces boomers, Gen X
Tourism focus must follow Scottish 'no' vote
Best Western GB: Quality better than quantity
Troubling variables remain in hotel sector
Strong fundamentals fuel US resort investment
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2014 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy