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...
STR: U.S. hotel construction pipeline hit record high in March
THE U.S. HOTEL construction pipeline hit a record high in March as the economic downturn caused by the COVID-19 pandemic was crushing occupancy rates,...
Report: Hawaii tops list of states where tourism has been impacted by pandemic
THE COVID-19 PANDEMIC has decimated the U.S. tourism industry, and thus has been acutely felt in states that depend on tourist dollars, according to...
STR webinar: RevPAR declines of 80 percent are ‘new normal’
REVPAR DECLINES IN the 80 percent range will be commonplace for the U.S. hospitality industry for the foreseeable future, according to STR’s recent webinar....
HotStats: Asia-Pacific numbers predict U.S. revenue decline
TROUBLE IN THE Asia-Pacific region could foreshadow an “ugly March and April” in the U.S. market as profits potentially drop 40 to 60 percent...
STR: Occupancy for U.S. hotels dropped 68.5 in first week of April
U.S. HOTELS CONTINUED to see severely diminished performance from the COVID-19 pandemic during the week of March 29 to April 4, according to STR.
Occupancy...
Article: If a recession comes, the past provides instruction
THE U.S. HOTEL industry was bracing for a possible economic downturn long before the COVID-19 black swan landed. Now the economy is teetering on...