The U.S. resort segment has posted 28 consecutive months of positive performance, indicating recovery for a market that was severely affected by the downturn. According to STR, revenue per available room at U.S. resorts reached $93.91 in year-to-date June, while average daily rates hit $145.70 and occupancy stood at 64.5 percent, data released by STR show. Read the HotelNewsNow.com story here.
Skanska completes Portsmouth Marine Terminal offshore wind upgrade
Skanska has completed the redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal (PMT) and 1,500 feet of wharf that now serves as an offshore wind staging