Upcoming Webinar | Coronavirus Dialogue Series: Medical Meetings, Post COVID-19

You must register in advance to attend this webinar. Date: June 17, 2020 Time: 11:00AM - 12:00PM 1 Clock Hour | Domain A: Strategic Planning The first discussion in this webinar series about Life Sciences meetings had over 1,000 registrants, and the discussion on this evolving situation continues...

U.S. Hotel Results for the Last Week of May

STR data ending with 30 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded previously. 24-30 May 2020 (percentage change from comparable week in 2019): Occupancy: 36.6% (-43.2%) Average daily rate...

CDC Reveals COVID-19 Does Not Spread Easily From Touching Surfaces

The Center for Disease Control (CDC) has updated COVID-19 guidelines on its website, displaying the following statement: "COVID-19 is thought to spread mainly through close contact from person-to-person. Some people without symptoms may be able to spread the virus. We are still learning about how...

U.S. Hotel Results for the Third Week of May

STR data ending with 23 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded in April. 17-23 May 2020 (percentage change from comparable week in 2019): Occupancy: 35.4% (-50.2%) Average daily...

U.S. Hotel Profits Fell 116.9% in April

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: -92.9% to US$17.39 EBIDTA PAR: -140.2%...

Hotel Industry on Brink of Collapse Releases Roadmap to Recovery

With new data from the Bureau of Labor Statistics (BLS) showing staggering job loss to the hospitality and leisure industry, the American Hotel & Lodging Association today released a “Roadmap to Recovery,” calling on Congress to prioritize relief for hotel workers and small businesses...

AHLA Report Shows Hotel Job Loss & Rehiring Rates

The American Hotel & Lodging Associating (AHLA) conducted a survey of members on May 12-14, 2020 about layoffs, furloughs, and efforts to rehire and retain employees.  Below are high-level findings from more than 900 respondents. Nearly 9 out of 10 hotels have laid off or...

The Event Safety Alliance Releases Reopening Guide

The Event Safety Alliance recently released a reopening guide for event professionals that provides several checklists and considerations to make going forward, thus paving the way for safer functions as everyone begins gathering again. This resource covers crucial aspects planners will need to account for...

Eased COVID-19 Restrictions in Warmer Markets Shows Jump in Hotel Demand

Led by Florida and Texas, 13 STR-defined submarkets showed greater than 10-point weekend vs. weekday occupancy gains for the week ending 2 May, according to data from STR. “The first ‘real weekend’ with eased COVID-19 restrictions showed an obvious jump in hotel demand, especially in...

Hotel Occupancy Shows a Third Consecutive Increase Over Past Week

STR data for 26 April through 2 May 2020 showed slightly higher U.S. hotel occupancy compared with previous weeks, but the same significant level of year-over-year decline in the three key performance metrics. In comparison with the week of 28 April through 4 May 2019,...