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...
Global Update: WHO and Lady Gaga plan ‘Together at Home’ concert
Here is the update on efforts to track the spread of the coronavirus global pandemic as of April 7. Data is from the World...
Survey: Small business owners fear their companies will not survive COVID-19 pandemic
FEDERAL HELP MAY be on the way for small business owners suffering from the economic downturn caused by the COVID-19 pandemic. However, many of...
Hotel stock index drops 36 percent in March
THE BAIRD/STR Hotel Stock Index dropped 36 percent in March, ending at 2,748 points. For the first three months of the year the index...
STR: U.S. hotels see fourth week of double-digit RevPAR losses
REVPAR FOR U.S. hotels dropped 80.3 percent in the last week of March, according to STR, the fourth week in a row of losses...