Articles tagged “Pebblebrook Hotel Trust”

The earnings season for hotel companies kicked into high gear with Host Hotels and Pebblebrook becoming the first REITs to show their hand. 

Pebblebrook Hotel Trust released its monthly update and this was more of a warning. It said weekend leisure travel has been weaker than expected and that is coupled with cooler weather in Southern California and Pacific Northwest, along with some tightening of the belts on suites/premium rooms.

Increasing the allotments to international worker visa programs like H-2B and J-1 will barely help the hotel labor shortage crisis in vacation markets. Longer-term solutions, like marketing hotel careers early to students, need to be implemented to achieve any real change.

Travel companies owe a lot to Moderna, Pfizer, and Johnson & Johnson. The acceleration of vaccine distribution jolted the U.S. travel industry out of its winter travel slump and built major strength heading into warmer months. Check out the numbers in just the last five days.

Independent hotel owners have a new pandemic survival strategy with the arrival of the Curator Hotel & Resort Collection. The big brands need to address grievances over their high costs in order to remain competitive.

Don't be fooled by these numbers in the United States. It will be years for hotel construction to once again hit peak levels seen only months ago.

Time is ticking for the U.S. hotel industry to convince Congress to deliver industry-specific aid similar to what the airline industry received. Continued high unemployment and suspended operations at hotels are why Washington should listen.

It's hard to expect a V-shaped rebound for the hotel industry, but improvements to coronavirus testing could accelerate the L-shaped recovery, anticipates Jon Bortz, the CEO of a large hotel ownership group.