All posts in "Accommodations"
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Hotel Occupancy Moves Further From 50% Occupancy in August

August 28, 2020

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 per available room (RevPAR): US$48.81 (-46.1%) The prior week, […]

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Hotel Industry Moves Closer to 50% Occupancy in July

August 26, 2020

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 US$60.04 EBITDA PAR: -115.1% to US$-9.24 LPAR (Labor Costs): -64.8% […]

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

August 20, 2020

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. occupancy has risen week over week for 17 of […]

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The Hotel Industry is Facing a Historic Wave of Foreclosures

August 18, 2020

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 of delinquencies and is the most heavily hit sector of the commercial […]

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Branson: Missouri’s Destination City

August 18, 2020

By Anita K. Parran Nestled in the Ozark Mountains is one of the most popular destinations in Missouri for families, companies, and all visitors to the area. Lynn Berry, Director of Communications for the Branson/Lakes Area Convention and Visitors Bureau describes it best. “The natural beauty of the mountains and lakes, the unexpected levels of […]

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Old Kinderhook Introduces New Audio/Visual Equipment for Hybrid Functions

August 18, 2020

Old Kinderhook has recently implemented a new audio/visual tech innovation for its “Safe Meetings” initiative.  The Meeting Owl device, which creates a more immersive experience for remote attendees through its 360-degree camera and speaker, is a hybrid meeting solution that enables attendees to gather in-person or join virtually. Lance Utley, Director of Sales for Old […]

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St. Louis’ Hotel Ignacio Permanently Closes Doors

August 18, 2020

On June 20th, Hotel Ignacio, a St. Louis boutique hotel near St. Louis University, announced its permanent closing.  The property is now referring business to the Angad Arts Hotel, which is located two blocks away from the former hotel and shared the same designer. Stacey Howlett, General Manager of the Angad Arts Hotel, remarks, “We […]

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

August 17, 2020

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 February 2020, annualized global hotel occupancy exceeded […]

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Hotel Occupancy Continues to Rise Towards End of July

July 31, 2020

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 available room (RevPAR): US$47.75 (-54.8%) U.S. occupancy has risen week […]

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