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Hotel Occupancy Continues to Decrease as Winter Nears

November 20, 2020

U.S. weekly hotel occupancy slipped further from previous weeks, according to the latest data from STR through 14 November. 8-14 November 2020 (percentage change from comparable week in 2019): Occupancy: 43.2% (-32.7%) Average daily rate (ADR): US$90.58 (-28.6%) Revenue per available room (RevPAR): US$39.11 (-52.0%) After ranging between 48% and 50% occupancy from mid-July into […]

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News of Effective Vaccines Renews Optimism for a Return of Travel and In-person Events in 2021

November 19, 2020

Half (50%) of GBTA travel buyer and procurement professionals feel their employees are ‘willing’ or ‘very willing’ to travel for business in the current environment. Only one in five (22%) GBTA members feel their employees are not willing, demonstrating a strong readiness to resume business travel. Recent announcements of potential, effective vaccines with 90%+ efficacy […]

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DMI Hotels is Offering a 20 in 20 Deal for Group Business

November 18, 2020

The Horseshoe Bay Resort, part of the DMI hotel collection, is providing discounts for any group business that is booked by December 31, 2020, and facilitated before February 28, 2021.  Any meetings or events that match these criteria will receive 20% food and beverage and audiovisual, and the $20 resort fee and nightly valet covered. […]

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Full Hotel Recovery is Still Unlikely Until 2024

November 13, 2020

With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference. Regardless of the short-term upgrade, the forecast for 2021 remains functionally unchanged and full recovery in revenue per available room (RevPAR) is unlikely until 2024. “Even […]

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The Cheshire St. Louis is Offering Workspaces in its Hotel

November 12, 2020

Need a change of scenery? Do you require a quiet workplace while you’re working from home? The Cheshire offers workspaces and they’re available in timeslots! Take advantage of the conveniences we offer including complimentary high-speed internet, and tea and coffee featuring a Starbucks on the property! For more information, please contact Stephanie Pugh at [email protected] […]

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A New Era in Events: Trends and Opportunities Amidst a Transforming Industry

November 10, 2020

By Scotty O’Brien Not to get too political, but the current leadership in our country did say that, in February 2020, “The Coronavirus is very much under control in the USA.” Again, in March 2020, it was stated that “This was unexpected… And it hit the world… And we’re prepared, and we’re doing a great […]

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Survey Results Gauge Comfort Levels of Meeting and Event Industry Professionals

November 6, 2020

To learn where meeting planners and venue/service suppliers stand in regards to gathering in-person this year, the MEET brand conducted a national survey over a period of three months.  The results below reflect print and digital input collected from 57 anonymous professionals in the meetings and events industry. Respondent Breakdowns Meeting Planners (66%) Venue/Service Suppliers […]

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Hotel Occupancy Falls Below 50% During Third Week of October

October 30, 2020

U.S. weekly hotel occupancy fell back below the 50% mark, according to the latest data from STR through 24 October. 18-24 October 2020 (percentage change from comparable week in 2019): Occupancy: 48.0% (-31.7%) Average daily rate (ADR): US$95.49 (-29.4%) Revenue per available room (RevPAR): US$45.83 (-51.8%) Aggregate data for the Top 25 Markets showed lower […]

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