Industry News
Former La Quinta head helps launch ‘contactless’ check-in tech company
INVESTORS IN VIRDEE, a new software as a service company focused on producing “contactless” technology for hotels and other industries, have raised $2 million...
HVS: Average per diem rates rising across top U.S. markets
THERE HAS BEEN an increase in average per diem rates across top U.S. lodging markets in 2020 expected to continue into 2021, according to...
TRENDS & ISSUES
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...
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,...
