Lodging

STR, Tourism Economics Upgrade 2021 U.S. Hotel ForecastBy Donna M. Airoldi

In a departure from its most recent projection in January, STR and Tourism Economics upgraded their latest 2021 U.S. hotel forecast due to... KEEP READING

ESA: Q1 RevPAR Down 1.7 Percent from 2020By Donna M. Airoldi

Extended Stay America's first-quarter revenue per available room declined just 1.7 percent year over year, according to the company. Average daily rate... KEEP READING

Choice: Monthly RevPAR Just Shy of Pre-Covid LevelsBy Donna M. Airoldi

Choice Hotels' revenue per available room in April declined 4.2 percent compared with 2019, nearly matching its pre-pandemic level, the company... KEEP READING

Marriott: Some Future Group Rates Above 2019 Levels, Demand Still to Catch UpBy Donna M. Airoldi

Group business already on the books for the first quarters of 2022 and 2023 at Marriott International's U.S. and Canada properties has been booked at... KEEP READING

IHG: Americas, Greater China Led Q1 Demand ImprovementBy Donna M. Airoldi

IHG Hotels & Resorts reported declines during the first quarter in the industry's three key performance metrics, but there was a "notable pick-up in... KEEP READING

Hyatt: First-Quarter Loss Nearly Tripled, Yet Results 'Exceeded Expectations'By Donna M. Airoldi

Hyatt Hotels Corp. reported a $304 million net loss during the first quarter, which included a $193 million non-cash full valuation allowance on U.S.... KEEP READING

Hilton: Business Travel Room Nights Could Reach 70 Percent of 2019 Levels by Q4 2021By Donna M. Airoldi

Hilton Worldwide president and CEO Christopher Nassetta is optimistic about the future of travel and for Hilton.... KEEP READING

AHLA: 2021 U.S. Hotel Jobs Expected to Be Down 20 Percent from 2019 LevelsBy Donna M. Airoldi

In a new report released today by the American Hotel & Lodging Association, the U.S. hotel industry is expected to reach 1,863,026 jobs in 2021,... KEEP READING

Marriott, Hilton, IHG Account for 73 Percent of U.S. Hotel Rooms Opened in Q1By Donna M. Airoldi

During the first quarter of 2021, the U.S. hotel industry opened 229 hotels with 27,528 rooms, according to the latest U.S. Construction Pipeline Trend... KEEP READING

Short-term Rental Company Sonder to Go Public via SPAC at $2.2 Billion ValuationBy Donna M. Airoldi

Apartment-style accommodation provider Sonder intends to go public by merging with special purpose acquisition company Gores Metropoulos II with a... KEEP READING

Vindow Names New OfficersBy Donna M. Airoldi

Group accommodation booking platform Vindow has named COO Andrea Coronel as chief transformation officer. ... KEEP READING

Accor Names Alden Raffles, Orient Express CEOBy Donna M. Airoldi

Accor has appointed former Starwood Hotels and Resorts executive Stephen Alden as CEO of the Raffles and Orient Express brands, the company announced.... KEEP READING

Wyndham: Business Travel Kept Hotels Open During PandemicBy Donna M. Airoldi

Corporate travel accounts only for about 30 percent of Wyndham Hotels & Resorts bookings, but it "allowed our hotels to stay open and never close, and... KEEP READING

Hotel Industry Pushes New U.S. Legislation for Payroll GrantsBy Chris Davis

New legislation that would provide U.S. hotel owners and operators direct federal grants to rehire laid-off workers was set to be introduced in the U.S.... KEEP READING

Hyatt Introduces New Meeting Offerings, Hybrid TechBy Donna M. Airoldi

Hyatt Hotels Corp. has launched new event offerings designed to assist meeting planners as they return to in-person events, the company announced.... KEEP READING

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