U.S. Leads in Hotel Openings During Pandemic

The U.S. opened more hotels and rooms than any country between the beginning of March and end of September, according to global pipeline data from STR. At the same time, the country has shown significant growth in project deferrals and abandonments. As of 1 October, the...

Hotel Occupancy Remains Flat During Third Week of September

U.S. hotel occupancy remained nearly flat from the previous week, according to the latest data from STR through 26 September. 20-26 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.7% (-31.5%) Average daily rate (ADR): US$96.38 (-29.6%) Revenue per available room (RevPAR): US$46.96 (-51.7%) Most of...

Survey Shows 67% of Hotels Will Not Survive Without Another Stimulus Bill

With Congress remaining gridlocked and failing to pass another round of COVID-19 recovery legislation, the American Hotel & Lodging Association (AHLA) is hosting a virtual press conference Tuesday, September 29, 2020, at 12:30 PM ET/9:30 AM PT.  This conference will feature the hotel industry...

Hotel Occupancy Plateaus for Third Week of September

U.S. hotel occupancy was nearly flat from the previous week, according to the latest data from STR. 13-19 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.6% (-31.9%) Average daily rate (ADR): US$95.84 (-28.9%) Revenue per available room (RevPAR): US$46.54 (-51.6%) Demand rose slightly (+0.3%),...

Hotel Occupancy Slightly Decreases After Labor Day Weekend

6-12 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.5% (-30.2%) Average daily rate (ADR): US$98.99 (-25.5%) Revenue per available room (RevPAR): US$47.96 (-48.1%) Occupancy for the week prior was above 49.0%, lifted by Labor Day Weekend. For the week ending with 12 September,...

Eldorado Resorts and Caesars Entertainment Complete Merger

Caesars Entertainment, Inc. (“Caesars,” “Caesars Entertainment”, or the “Company”, formerly known as Eldorado Resorts, Inc. or “Eldorado”) announced that it completed its acquisition of Caesars Entertainment Corporation (“CEC”). The transaction creates the largest casino and entertainment company in the U.S. The transaction further enhances Caesars’...

Hotel Occupancy Rises to 69.0% During First Week of September

Boosted in part by Labor Day weekend, U.S. hotel occupancy increased slightly over the previous week, according to the latest data from STR. 30 August through 5 September 2020 (percentage change from comparable week in 2019): Occupancy: 49.4% (-18.9%) Average daily rate (ADR): US$100.97 (-17.1%) Revenue...

Hotel Occupancy Slightly Decreases for Second Week in a Row

U.S. hotel occupancy decreased slightly for the second consecutive week, according to the latest data from STR. 23-29 August 2020 (percentage change from comparable week in 2019): Occupancy: 48.2% (-27.7%) Average daily rate (ADR): US$98.39 (-23.2%) Revenue per available room (RevPAR): US$47.38 (-44.5%) The industry sold...

RCMA is Hosting Emerge 2021 in Charlotte, NC

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From January 5-7, 2021, the Religious Conference Management Association (RCMA) is hosting Emerge 2021 in Charlotte, NC.  Registration for this in-person event begins September 1st, and planners can attendee FOR FREE by registering between 9/1/2020 – 9/30/2020. Additionally, to help suppliers out, all booth prices...

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...