Top

Category: Finance and Development


Finance and Development, Markets

U.S. Hotel Gross Operating Profit Per Available Room Fell 116.9% During April 2020

June 1, 2020

Via: Hotel News Resource

U.S. hotel gross operating profit per available room fell 116.9% during April 2020, according to the latest monthly P&L data release from STR. In a year-over-year comparison with April 2019, the industry reported the following: GOPPAR: -116.9% to US-$17.98 TRevPAR: […]


Finance and Development, Markets

Scant Business at Europe’s Hotels Sends Profit to Historical Low

May 29, 2020

Via: Hospitality Net

April was a month of virtually no business volume for Europe’s hotels, as the coronavirus spread across the continent, prompting countries such as Spain, Italy and Russia to impose lockdowns in order to flatten the infection curve. The result was […]


Finance and Development, Markets

Hotels in the Middle East And Africa Report Unprecedented Performance Lows for April 2020

May 26, 2020

Via: Hotel News Resource

Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR. U.S. dollar constant currency, April 2020 vs. April 2019 Middle East Occupancy: -58.0% to […]


Finance and Development, Financial

$7.4 Million Awarded in Relief Grants to Airbnb Superhosts

May 22, 2020

Via: Hospitality Net

On March 30th, we announced the Superhost Relief Fund to provide grants to tenured hosts who are facing financial challenges because of travel disruption and other impacts of the global COVID-19 crisis. Today, we are providing an update to let […]


Finance and Development, Markets

U.S. Hotel RevPAR to Decline 57.5% in 2020 and 48% In 2021

May 18, 2020

Via: Hotel News Resource

The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021. Each percentage change was downgraded from a late-March forecast […]


Finance and Development, Hotels, Trends

The Five Changes Expected in the Hotel Industry

May 18, 2020

Via: Hospitality Net

Returning to operations in our new environment is sure to bring many expected and unexpected challenges. Between figuring out social distancing protocols and mitigating risk throughout the property, hotels will be contending with a lot as we move through the […]


Finance and Development, Trends

Guest Perspectives Post COVID-19: What Hotel Guests Want From a ‘New Normal’

May 15, 2020

Via: Hospitality Net

As human beings, we know change is inevitable. They say life is 10% of what happens to us and 90% is how we respond to it. There’s no question the hospitality industry will rebound from this challenging period. And when […]


Finance and Development, Real Estate

Pause or proceed? COVID-19 considerations for hotel development

May 11, 2020

Via: Hotel Management

As 2020 got underway, the hotel cycle was at the peak of expansion with relatively sound fundamentals, albeit slowing growth. Seemingly overnight, the industry enters a downward spiral the likes of which have never been seen before. Demand falls off […]


Finance and Development, Markets

STR: Canada Hotel Results For Week Ending 2 May

May 8, 2020

Via: Hospitality Net

HENDERSONVILLE, Tennessee – Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR. In comparison with the […]


Finance and Development, Hotels, Trends

Surge in Mergers and Acquisitions Activity Likely for Hotel Industry Post-COVID-19

May 7, 2020

Via: Hotel News Resource

Many smaller hotel companies will have no choice but to combine with their larger counterparts in order to survive post-COVID-19, creating a more consolidated industry in the process, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & […]