Industry News
Report: Extended-stay hotels leading the COVID-19 recovery
IN THE FIRST two months of 2021, extended-stay hotels continued to see the strongest performance among hotel segments, according to hotel investment advisors The...
Report: International travel lost $4.5 trillion in 2020
INTERNATIONAL TRAVEL SPENDING dropped precipitously worldwide in 2020, leading to a nearly $4.5 trillion loss for the global travel industry, according to an analysis...
TRENDS & ISSUES
Report shows group travel increased in March
ANYONE WORRIED ABOUT whether group travel will return soon should be less concerned, according to research firm Knowland. The firm’s report for March found...
Analysis: Leisure and hospitality segment lagging in jobs
LAST MONTH SAW some jobs added to the leisure and hospitality segment of the economy, but it still lags behind most other segments, according...
STR/Baird stock index dipped 0.2 percent in March
THE BAIRD/STR HOTEL Stock Index dropped 0.2 percent in March as investors sought a different, more long-term angle on the recovering travel market, according...
STR: Occupancy flat in first week of April
OCCUPANCY REMAINED FLAT for U.S. hotels during the first week of April while ADR and RevPAR reached their highest point since last March, according...
STR: Short-term rentals remain strong in February
FEBRUARY WAS ANOTHER strong month for short-term rentals in Miami, Nashville and Philadelphia, according to STR. Short-term rentals continued to outperform hotels in all...
STR: GOPPAR reached pandemic highpoint in February
PROFITS FOR U.S. hotels saw their highpoint of the pandemic in February, according to STR. However, occupancy fell by one percent in the last...
