Articles tagged “occupancy”

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

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

Dennis Schaal, Skift

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.

2 months ago

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

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

Wouter Geerts, 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.

4 months ago

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

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

Dan Peltier, Skift

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.

2 years ago

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

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

Dan Peltier, Skift

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.

5 years ago

Hotels Prepare for Highest Occupancy Levels in 20 Years

Hotels Prepare for Highest Occupancy Levels in 20 Years

Dennis Schaal, Skift

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

6 years ago

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

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

Dana El Baltaji, Bloomberg

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.

6 years ago

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

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

The Honolulu Star-Advertiser

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

7 years ago