All posts in "Accommodations"
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Hotel Occupancy Rose Slightly This Week

April 30, 2020

Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry recorded the following: Occupancy: -62.2% to 26.0% Average daily rate […]

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Report Shows Hotels Require More PPP Loan Funding to Save Jobs

April 28, 2020

The American Hotel & Lodging Association (AHLA) released a new report today showing the average small business hotel will require additional funding from SBA loans under the Paycheck Protection Program (PPP) in order to rehire employees or prevent further layoffs and keep their business open. AHLA also sent an urgent letter today to Congress asking […]

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U.S. Hotel Construction Hit All-time High in March

April 22, 2020

The U.S. hotel industry recorded 214,704 rooms under construction in March 2020, the highest end-of-month total ever reported by STR. The industry’s previous construction peak occurred in December 2007 with 211,694 hotel rooms in construction. That level was slightly surpassed in February 2020 at 211,859 rooms in the final phase of the development pipeline. “The […]

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U.S. Hotel RevPAR Maintains the Same Low Over the Past Week

April 16, 2020

Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 5-11 April 2020, according to data from STR. In comparison with the week of 7-13 April 2019, the industry recorded the following: Occupancy: -69.8% to 21.0% Average daily rate […]

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U.S. Hotel RevPAR Forecasted to Drop 50.6% for 2020

March 31, 2020

Due to the impact from the COVID-19 pandemic, the U.S. hotel industry is projected to report a 50.6% decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics. Outlook   2020 Forecast 2021 Forecast Supply -14.9% +15.6% Demand -51.2% +81.8% Occupancy -42.6% (37.9%) +57.3% (59.7%) […]

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Attend the 2020 Professional Education Conference

March 10, 2020

The MPI Kansas City Chapter is hosting the 2020 Professional Education Conference on April 16th at the Loews Kansas City Hotel.  Among the many events speakers, Joe Clote, Group Publisher of Missouri Meetings & Events, is giving two breakout education presentations.  Be sure to attend and enrich your career through the various networking opportunities and educational […]

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