Articles tagged “occupancy”

Coronavirus

India’s Covid Nightmare Leaves Its Travel Industry Reeling

India's devastating second wave of the pandemic is arresting the pace of the travel recovery, at least for the short-term. It's too early to tell if the shrinking industry will be able to cater to the vast pent-up demand once Covid is under control.

India’s Covid Nightmare Leaves Its Travel Industry Reeling

Hotels

Oyo Will Lay Off Most of Its Furloughed U.S. Employees

Oyo's decision to part ways permanently with furloughed U.S. employees is tied to its view that the lodging company's full global recovery wouldn't occur until the second half of 2021. It's a nice gesture to give them stock options, although the jury is out on whether they'll be worth much in the long run.

Oyo Will Lay Off Most of Its Furloughed U.S. Employees

Coronavirus

Understanding the Impact to the Virus-Hit Hotel Industry: New Skift Research

There is no doubt that these are some of the toughest times for the hotel industry. Hit hard by the Covid-19 pandemic, the industry is on its knees. Recovery will come, but when, and in what shape, is wholly uncertain. Understanding the current situation, and what a recovery might look like, will help the industry to prepare for when that day comes.

Understanding the Impact to the Virus-Hit Hotel Industry: New Skift Research

Hotels

U.S. Hotels’ Summer Occupancy Saw Second-Largest Drop Since Recession

The United States thankfully had fewer hurricanes this year. But because of that good news, some hotel markets are posting occupancy drops because fewer people needed them this year. That's likely indicative of how soft those markets were before the storms hit.

U.S. Hotels’ Summer Occupancy Saw Second-Largest Drop Since Recession

Hotels

Cities in the U.S. Struggle to Improve Weekend Hotel Bookings

Most of the revenue per available room across these markets came from weekday nights, although smaller markets like Miami, Nashville and New Orleans got most of their revenue from weekends.

Cities in the U.S. Struggle to Improve Weekend Hotel Bookings

Hotels

Hotels Prepare for Highest Occupancy Levels in 20 Years

Expect room rates to rise in the U.S. in 2015, and that is likely to spur demand for midscale and economy chains.

Hotels Prepare for Highest Occupancy Levels in 20 Years

Hotels

Dubai Says it Will Double the Number of Hotel Rooms it Has by 2020

The type of hotel rooms a destination needs for a big event like an expo are different than the five-star sort that Dubai is known for.

Dubai Says it Will Double the Number of Hotel Rooms it Has by 2020

Hotels

Hawaiian Hotels Set Revenue Record for October, But Occupancy is Down

With low occupancy will come discounting, and that's not what the hotels want in the current market.

Hawaiian Hotels Set Revenue Record for October, But Occupancy is Down