Industry News
Second quarter bring losses, some hope for hotel companies
SEVERAL PUBLICALLY TRADED hotel companies announced their second quarter performance this week. Each showed losses reflecting the impact of the COVID-19 pandemic that is...
Pelosi joins hotel industry pros to discuss stimulus
HOTELIERS HAVE THE opportunity to hear directly from a Congressional leader about the debate over the next round of federal stimulus to counteract the...
TRENDS & ISSUES
STR: Occupancy rises to 48.9 percent in week ending Aug. 1
AS THE FINAL full month of summer begins, U.S. hotels continued their slow climb out of the COVID-19 pandemic rut, according to STR. Occupancy...
STR: Weekend occupancy hit 55.8 percent during week ending July 25
WEEKEND OCCUPANCY FOR U.S. hotels during the second to last week of July rose above 55 percent, according to STR. It was a small...
LE: Marriott, Hilton and IHG stay atop U.S. pipeline
AS THEY HAVE for the past few years, three companies dominate the U.S. hotel construction pipeline, according to Lodging Econometrics. Marriott International, Hilton Worldwide...
STR: Occupancy, ADR rise some in week of July 25
U.S. HOTELS CONTINUED their gradual, week-by-week climb out of the COVID-19 slump during the week ending July 25. Occupancy and ADR rose again for...
LE: U.S. pipeline slows 1 percent in pandemic
THE COVID-19 PANDEMIC is barely slowing the rate of hotel construction in the U.S., according to Lodging Econometrics. During the second quarter the number...
STR, HotStats: Profits down in June YOY, up some over May
PROFITS DROPPED FOR U.S. hotels in June as COVID-19 cases surged, according to reports from HotStats and STR. A rise in expenses also ate...
