Industry News
OYO seeking up to $1.2 billion in IPO
HOSPITALITY FIRM OYO is planning to raise up to $1.2 billion through an IPO and is expected to file the draft red herring prospectus...
Report: U.S. hotels to lose $59 billion in business travel revenue in 2021
U.S. HOTELS ARE projected to incur more than $59 billion loss in business travel revenue this year compared to 2019, according to a report...
TRENDS & ISSUES
STR: Occupancy hits 4-week high for U.S. hotels
GROUP TRAVEL CAME to the rescue for U.S. hotels during the second week of September, bringing occupancy up to a 4-week high, according to...
Kalibri Labs: Demand will continue as U.S. hotels recover
THERE HAS BEEN a slight increase in ADR in U.S. hotels in the week ending Sept. 3, compared to same period two years ago,...
STR: U.S. hotels’ performance down again in week ending Sept. 11
WITH LABOR DAY in the nation’s rear-view mirror, U.S. hotels’ performance dropped some during the second week of September compared to the week before.
Occupancy...
Hotel stock index dropped 3.4 percent in August
INVESTORS REMAINED CONSERVATIVE in August, leading to a decline in the Baird/STR Hotel Stock Index from the month before. The downward pattern may continue...
STR: Labor Day, Hurricane Ida boost hotel performance as September begins
LABOR DAY WEEKEND, as well as other factors including evacuations from Hurricane Ida, provided a boost to U.S. hotels’ performance in the opening week...
STR: U.S. hotels’ performance drops again in last week of August
U.S. HOTELS CONTINUED to see their performance slide in the final week of August, according to STR. Leisure travel continues to ebb as the...
CORONA VIRUS DOWNING STREET BRIEFING Barnie Choudhury - Easterneye
Conversation with Sadiq Khan , Mayor of London
