STR: Profit declines slowed some in May
MAY WAS NOT a profitable month for U.S. hotels, but there was some slowing of the loss, according to STR’s latest profit and loss...
Travel research firm predicts 36 million road trips for July 4 weekend
MORE THAN 36 million people will take road trips this July 4 weekend as states lift COVID-19 restrictions, according to travel data company Arrivalist....
GBTA: Domestic and essential business travel to resume soon
NEW RESEARCH BY the Global Business Travel Association indicates there is renewed optimism in the business travel sector. Domestic and essential business travel are...
Study: Hoteliers employ cost-cutting strategies to recover from COVID-19
THE SOCIAL AND economic fallout from the COVID-19 pandemic has very badly affected the travel and hospitality industries. A new study reveals that hoteliers...
Report: Governments to lose $16.8 billion in tax revenue from hotels
STATES AND CITIES will lose $16.8 billion of tax revenue from hotels in 2020 as a result of the downturn in occupancy related to...
STR: Occupancy tops 40 percent in week ending June 13
ANOTHER WEEK, ANOTHER step toward recovery for U.S. hotels during the week ending June 13, according to STR. Occupancy finally rose above 40 percent...
STR deep-dive explores ADR trends
POSITIVE TRENDS CONTINUED for the U.S. hotel industry during the week ending June 6, according to STR’s deep dive on its data for the...
STR: U.S. hotels occupancy up to nearly 40 percent first week of June
STR data showed a slight improvement in the U.S. hotel performance for the week ending June 6.
The occupancy rate for U.S. hotels rose to...
Study: Most U.S travelers plan to vacation this year
TRAVELERS ARE SETTLING into the new normal as the U.S. has started a slow recovery from the COVID-19 pandemic, according the third in the...
Hotel stock index up 1.7 percent in May
IN ANOTHER SIGN of slow recovery from the COVID-19 pandemic’s economic impact, the Baird/STR Hotel Stock Index rose 1.7 percent in May over the...
