Industry News
Associations keep up pressure on Congress for stimulus
NEGOTIATIONS OVER THE next round of federal stimulus continue to falter, industry associations are redoubling their efforts to pressure Congress to act. Those efforts...
Study: COVID-19 reversing diversity progress in hospitality industry
COVID-19 MAY HAVE reversed some of the progress made in diversity and inclusion in the hospitality, travel and leisure sector, according to a new...
TRENDS & ISSUES
HAMA survey predicts RevPAR declines of 50 to 75 percent
MOST HOTEL ASSET managers are expecting continuing declines in RevPAR for U.S. hotels until 2023, many between 50 to 75 percent, according to a...
Hotel stocks dipped 7.1 percent in September
U.S. HOTEL STOCKS dropped again in September amid investors’ concerns about the economy slowing and a possible rise in COVID-19 cases, according to the...
STR: U.S. hotels’ occupancy flat for week ending Sept. 19
U.S. HOTELS’ PERFORMANCE remained flat for the week ending Sept. 19. The highest occupancies were again driven by disasters, such as Hurricane Laura and...
HotStats: U.S. hotel profits lag behind global markets
U.S. HOTELS ARE lagging behind other global markets in profitability in August as the nation surpassed 200,000 deaths from the COVID-19 pandemic, according to...
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...
