Category: Markets

April 13, 2021

In recent research, Dr. Paul Willie, DBA, MBA, CHAE+, CHTP, CMA and Isidro Fierro set out to identify the elements and requirements of a global leader in today’s hospitality industry. They leveraged existing secondary data to highlight why global leaders […]

March 31, 2021

The devastating impact of the COVID-19 pandemic on global tourism has carried on into 2021, with new data showing an 87% fall in international tourist arrivals in January as compared to 2020. The outlook for the rest of the year […]

March 30, 2021

The factors that drive the pricing of hotel rooms across the globe become more pronounced during a downturn, but the ways in which those factors play out have shifted due to the COVID-19 pandemic — a crisis like no other […]

March 26, 2021

In 2020, U.S. hotels suffered the worst year of operating performance since CBRE began tracking profitability in 1938. During the year, the average hotel in CBRE’s monthly survey of U.S. operating performance experienced a 78 percent decline in Gross Operating […]

March 15, 2021

AAHOA, the nation’s largest hotel owners association, applauded President Biden signing the American Rescue Plan (ARP) into law. The $1.9 trillion stimulus package funds several key initiatives such as increased testing, vaccination, and vital economic assistance that will support an […]

March 1, 2021

Turning the page doesn’t always assure a better result. After the worst performing year on record, the hotel industry was ready for 2021, but resigned to the fact that a new year doesn’t mean things automatically get better. The harsh […]

February 10, 2021

Almost four in 10 of all the U.S. jobs lost since February of last year are in the Leisure & Hospitality industry, according to analysis of the latest Department of Labor national jobs report—triple the number of the next-hardest-hit industry. […]

February 8, 2021

Including a 100.6 percent decline in December, U.S. hotel profitability fell 84.6 percent in 2020, according to STR‘s latest monthly profit-and-loss data release. December gross operating profit per available room came in worse than any month since June in both […]

February 3, 2021

Alexandria, Virginia – The Global Business Travel Association (GBTA) – the world’s largest business travel association – released its annual BTI™ Outlook, a detailed analysis of business travel in 2020, with projections for 2021 and beyond. The BTI Outlook, now […]

January 21, 2021

U.S. weekly hotel occupancy climbed back to the 40% mark, according to STR‘s latest data through 16 January. 10-16 January 2021 (percentage change from comparable week in 2020): Occupancy: 40.1% (-31.8%) Average daily rate (ADR): US$89.39 (-31.9%) Revenue per available […]