Hotel Occupancy Moves Further From 50% Occupancy

As U.S. hotel occupancy almost approached 50%, it fell to a three-week low during the period of 16-22 August, according to the latest data from STR. 16-22 August 2020 (percentage change from comparable week in 2019): Occupancy: 48.8% (-30.3%) Average daily rate (ADR): US$100.08 (-22.7%) Revenue...

Hotel Industry Moves Closer to 50% Occupancy

U.S. hotel gross operating profit per available room (GOPPAR) reached positive territory for the first time since February, according to STR‘s latest monthly P&L data release. In a year-over-year comparison with July 2019, the industry reported the following: GOPPAR: -93.3% to US$5.74 TRevPAR: -74.1% to...

U.S. Hotels Reach 50% Occupancy During Second Week of July

U.S. weekly hotel occupancy hit 50.0% for the first time since mid-March, according to the latest data from STR. 9-15 August 2020 (percentage change from comparable week in 2019): Occupancy: 50.2% (-30.0%) Average daily rate (ADR): US$101.41 (-23.0%) Revenue per available room (RevPAR): US$50.87 (-46.1%) U.S....

The Hotel Industry is Facing a Historic Wave of Foreclosures

A new national report shows that the hotel industry is facing a historic wave of foreclosures as the COVID-19 pandemic continues to devastate small business hotel owners and its workforce. Since the beginning of the pandemic, the hotel segment has faced a historic number...

Hotel Occupancy Continues to Rise Towards End of July

U.S. hotel performance data for the week ending 25 July showed slightly higher occupancy and room rates from the previous week, according to STR. 19-25 July 2020 (percentage change from comparable week in 2019): Occupancy: 48.1% (-37.9%) Average daily rate (ADR): US$99.24 (-27.3%) Revenue per...

Only 37% Of Hotels Have Brought Back at Least Half of Their Employees

As Congress debates a new round of COVID-19 recovery legislation, a new survey of American Hotel & Lodging Association (AHLA) members shows that the pandemic continues to have a devastating effect on the hotel industry and its employees. Results show that nearly nine in...

U.S. Hotel Profitability Picks Up, With Full-Service Properties Breaking Even at 50% Occupancy

STR‘s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy at 50%, one month...

Hotel Industry, Reeling From COVID-19 Economic Fallout, Lays Out Priorities For COVID 4.0

As lawmakers consider additional legislation to address the ongoing health crisis and economic fallout from COVID-19, the American Hotel & Lodging Association (AHLA) sent a letter to Congress calling for additional help in several areas, including extending the Paycheck Protection Program (PPP) for severely...

Hotel Industry Releases Top 5 Requirements To Travel Safely

The American Hotel & Lodging Association (AHLA) today released the “Safe Stay Guest Checklist” for guests on how to travel safely while also creating a standardized safety experience nationwide. This checklist is part of AHLA’s Safe Stay guidelines, an industry-wide, enhanced set of health...

Hotel Occupancy Slightly Declines in the Beginning of July

U.S. hotel performance data for the week ending in July 4th showed a slight decline in occupancy from the previous week, according to STR. 28 June through 4 July 2020 (percentage change from comparable week in 2019): Occupancy: 45.6% (-30.2%) Average daily rate (ADR): US$101.36...