April Results – Strong Start to Q2
Last Tuesday, Smith Travel Research released a national average RevPAR growth in April of 7.4%, which is significantly less than the 15.2% Charlestowne Hotels experienced. The growth within...
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May Results – ADR Drives RevPAR
Last month, hotels within the Charlestowne portfolio experienced an average year-over-year RevPAR growth of 16.8% compared to the national average of 10% which was recently reported by STR. Although...
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June Results – YTD Growth Comparison
Charlestowne Hotels On Track to Double Industry’s RevPAR Growth 5 Consecutive Years As many industry leaders predicted, an increase in all three key performance metrics have been reported during the...
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July Results – ADR Still Growing in Q3
Impressive ADRs Continue to Drive RevPAR Growth The third quarter of 2014 is off to a strong start, as the U.S. hotel industry continues to report an increase in all three key performance metrics,...
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Q3 Shows Highest ADR Growth YTD
Charlestowne Hotels’ revenue performance continues to stem from impressive rate growth, with third quarter numbers exceeding previous results and industry averages. Yesterday, STR reported a national...
View ArticleCharlestowne Hotels Records Fifth Year above Industry Growth
In January 2014, leading industry analysts forecasted RevPAR growth for the year at 5.3% (STR) and 6.6 % (PKF). While initial focus was on the significant difference of these projections, the end story...
View ArticleQ2 RevPAR Growth Outperforms the US by 54%
Charleston, SC – Charlestowne Hotels is reporting that its hotels under management in the second quarter of this year enjoyed RevPAR growth of 10.04% compared to the same quarter one year ago. Smith...
View ArticleCharlestowne’s Clients Enjoy Lower Cost of Reservations
Charleston, SC – Through a combination of strategies, properties managed by Charlestowne Hotels enjoyed a cost of reservations far lower than that experienced by most other hotels. These strategies...
View ArticleHow to Capture and Retain Direct Bookings
by Johnathan Capps, Vice President, Revenue Management While online travel agencies (OTAs) can be part of an overall healthy channel mix, direct bookings will never fail to be the most profitable. Not...
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