The past year has been characterized by recovery and transition, as the hospitality industry’s view shifted from the COVID-19 pandemic and toward mounting global economic turmoil.
While soft brands account for only 86,000 of the 5.5 million hotel rooms in the U.S., this hotel type attracts a lot of attention from owners seeking the unique design of independent hotels along ...
Prior to the COVID-19 pandemic, urban hotels and hotels located in STR’s top 25 markets led the U.S. in performance, with high occupancy and higher rates courtesy of the leisure and business ...
It’s the summer of the leisure traveler and while hotel occupancy remains below 2019 levels, average daily rate has surpassed its pre-pandemic levels in recent weeks as hoteliers take full advantage ...
As the unofficial bachelorette party capital of the U.S., home to several professional sports teams and uncontested home of country music, Nashville accommodations operators enjoyed spectacular ...
As some of the biggest and most business-based markets in the U.S., the top 25 markets have struggled the most of STR’s 166 markets over the past 14 months.
U.S. hotel recovery has finally hit its stride, with leisure demand nearly back to normal even ahead of the summer boom and business and groups beginning to chart a course to return over summer and ...
While the recovery varies widely, global hotel performance has shown signs of improvement across most world regions. From roadmaps to reopening across Europe to travel bubbles between key Asia ...
Despite the challenges luxury and upper-upscale hotels have faced over the past year, the collapsed class has had moderate success in maintaining rate relative to the amount of demand lost. Through ...
It may be the shortest month, but February brought excellent tidings to the U.S. hospitality industry. Occupancy reached 45.3%, its highest level since October 2020, and that’s not the only good news ...
For most of the past year, rural hotels outperformed urban properties, as travelers moved out of cities and into less crowded and outdoor-activity-friendly suburban areas. Meanwhile, higher-end ...
Now that the hospitality industry is through almost the first quarter of 2021, there are plenty of reasons to have hope in what's on the horizon, chief among them vaccine rollouts worldwide spelling ...
Much like actualized hotel performance, forward-looking hotel performance trends have been significantly impacted by the COVID-19 pandemic. Increased uncertainty surrounding border closures, ...
While St. Louis is the 39th largest market in the United States, its position as third smallest of the top 25 largest hotel markets has proved a boon throughout the COVID-19 pandemic as a result of ...
March 16, 2021
