Tag: occupancy rate

Finance and Development, Markets

Scandic Comments On Market Development And Ongoing Rent Negotiations

December 8, 2020

Via: Hospitality Net

In November, Scandic’s average occupancy rate was approximately 20 percent, a decline compared with 36 percent during the third quarter and 33 percent in October. In November, market RevPAR is estimated to have gone down between 68 and 74 in […]


Study: SF Cleaning Ordinance To Cost Hotels $47 Million

July 8, 2020

Via: Hospitality Net

SAN FRANCISCO — The San Francisco Board of Supervisors’ Healthy Buildings ordinance will cost San Francisco’s 215 hotels $220,000 each adding more than $47 million in annual industry costs, extending hotel closures and extending joblessness for 15,000 employees, according to […]