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...

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....

MPI Publishes Summer 2020 Meetings Outlook Report

Meeting Professionals International (MPI), the world’s largest meeting and event industry association, published its Summer 2020 Meetings Outlook, a future-focused quarterly report that identifies new trends and innovations. The publication allows planners to budget and plan accordingly and ensures a strong foundation for building sound strategies that...

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...

Report Displays Hotels’ and Short-term Rentals’ Growth and Decline Over a Year

STR and AirDNA recently came out with a report that illustrates hotels’ and short-term rentals’ all-time highs leading up to COVID-19, the all-time lows that resulted from the pandemic, and the rise in bookings per global business reopenings and updated health regulations. According to this analysis, “As of...

MGM Resorts Announces August 27 Opening Date for the Mirage

MGM Resorts International announced that its Mirage resort will reopen its doors on August 27. “As we have slowly and thoughtfully reintroduced our properties across the country, we have placed the health and safety of our guests and employees first at all times,” said Bill...

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...