Industry News

Choice, Penn gaming to merge loyalty programs

CHOICE HOTELS INTERNATIONAL has entered an agreement with Penn National Gaming, Inc. to share loyalty points between Choice’s hotels and Penn National’s 41 casinos....

USTA welcomes Biden’s relief plan

PRESIDENT-ELECT JOE Biden has announced his plan to fight the COVID-19 pandemic and restore the economy. It includes elements that will benefit the travel...

TRENDS & ISSUES

STR: Occupancy drops below 40 percent in second week of January

U.S. HOTEL PERFORMANCE continued its downward spiral in the second week of January, according to STR. It’s a sign that the holiday travel boost...

Survey: Hotels are trying new strategies to survive pandemic

THE BEGINNING OF recovery from the COVID-19 pandemic may be just around the corner for the U.S. hotel industry, but that doesn’t mean a...

Hotel stock index up 5 percent in December

THE BAIRD/STR Hotel Stock Index rose 5 percent in December on the market’s optimistic outlook for the future. However, for 2020 as a whole...

STR: U.S. hotels get occupancy boost from New Year holiday

THE NEW YEAR’S holiday weekend boosted occupancy for U.S. hotels in the week ending Jan. 2, according to STR. Unfortunately, the boost is expected...

Report: U.S. hotels demand up some for holidays

THE HOLIDAYS DID bring some increase in demand for U.S. hotels, albeit still less than previous years, according to online booking research firm Koddi....

Reports: Hotel profits dropped in November

U.S. HOTELS IN November saw profits plummet as COVID-19 cases surged, according to reports from STR and HotStats. The forecast is that, until the...
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