Industry News
AHLA: 74 percent of hoteliers could cut more jobs without aid
THE COVID-19 PANDEMIC has already cost thousands of jobs in the U.S. hospitality industry. Now a majority of American Hotel & Lodging Association members...
HVS points out critical components for a receivership
MANY HOTELS WILL go into receivership and/or foreclosure in the coming months as a result of COVID-19 pandemic. An article from consulting firm HVS...
TRENDS & ISSUES
STR: August performance up over July but still at record low
U.S. HOTELS SAW a rise in performance during August from July, but occupancy levels for the month were the lowest of any on record,...
Forecast tracker predicts 29 percent decline in occupancy over next 12 months
THE COVID-19 PANDEMIC will cost U.S. hotels a 29 percent decline in annual hotel occupancy over the next 12 months, according to a study...
STR: Labor Day weekend boosts occupancy
LABOR DAY WEEKEND provided an expected boost to U.S. hotels’ occupancy for the week ending Sept. 5, according to STR. However, now leisure travel...
Baird/STR Hotel Stock Index rose 19 percent in August
THE BAIRD/STR Hotel Stock Index jumped up 19 percent in August, driven by medical progress against the COVID-19 pandemic and new interest rate policies,...
AHLA survey reveals travelers’ needs for comfort during pandemic
FACEMASKS ON EMPLOYEES and guest and suspended housekeeping services and use of technology to avoid contact were top priorities for travelers’ comfort, according to...
Knowland: Group travel is happening
GROUP TRAVEL IS coming back, mostly corporate related, according to Knowland. This could be good news as the summer vacation season is, so far,...
