STR: Weekend occupancy rates rose in states where COVID-19 restrictions eased
OCCUPANCY WAS UP slightly for U.S. hotels in the first week of May compared to the previous week while still remaining much lower than...
Hersha Hospitality will return its PPP loan money
HERSHA HOSPITALITY TRUST is taking several steps to reduce its financial burden and keep most of its 48 hotels open, though it still had...
LE: U.S. hotel pipeline expands in Q1
THE ONGOING COVID-19 pandemic had a minimal impact on the U.S. hotel construction pipeline in the first quarter of 2020, according to Lodging Econometrics....
STR: GOPPAR down 101.7 percent in March
STR HAS BEGUN releasing profit and loss reports for U.S. hotels, and its first, for March, is all substantial losses, as expected considering the...
HotStats: Profits dropped to negative value in March
AS THE MONTH in which the COVID-19 pandemic began, March saw the first drops in hotel profits around the world, according to HotStats. In...
STR: Third week of April shows continuing effects of COVID-19 pandemic
THE DEVASTATING IMPACT of the COVID-19 pandemic on the U.S. hospitality industry continued into the third week of April and closed out the first...
HVS: Lodging tax revenue may drop $6.1 billion in some U.S markets
THE COVID-19 PANDEMIC’S impact on the U.S. hotel industry could lead to a multi-billion dollar loss of lodging tax revenue, according to hospitality consulting...
STR: U.S. hotels saw double-digit declines in March
U.S. HOTELS SAW double-digit declines in all performance metrics in March, according to STR. March was the first full month impacted by the COVID-19...
Guest feedback platform offers report on online reviews
ONLINE REVIEWS ARE increasingly important to hotels in the modern age. A new report from guest feedback platform TrustYou offers insight into the state...
CBRE forecasts the steepest drop in RevPAR in 90 years in U.S. hotels
THE U.S. HOSPITALITY industry continues to break all the wrong records with the impact of the COVID-19 pandemic on the economy. Using modeling based...