Articles tagged “str”

What Global Hoteliers Need to Learn From China’s Hotel Recovery … and Hiccup

What Global Hoteliers Need to Learn From China’s Hotel Recovery … and Hiccup

Cameron Sperance, Skift

The U.S. and China have taken similar hotel recovery paths following coronavirus shutdowns, but how U.S. leaders respond to recent case spikes may determine if the transpacific rebound correlation continues.

7 days ago

Convention Plateau: The Hotel Recovery Can Only Go So Far Without Group Bookings

Convention Plateau: The Hotel Recovery Can Only Go So Far Without Group Bookings

Cameron Sperance, Skift

Unless a vaccine or widespread coronavirus treatment becomes available this year, a W-shaped hotel industry recovery seems likely. But that doesn't mean hoteliers should accept that fate — alternative revenue streams are out there.

2 weeks ago

U.S. Hotel Industry Ended Record-Setting Development Streak in May

U.S. Hotel Industry Ended Record-Setting Development Streak in May

Cameron Sperance, Skift

Hotel construction output lags metrics like occupancy in response to economic conditions. But the slow reaction time also means the development pipeline will likely take far longer to rebound from coronavirus than hotel performance.

3 weeks ago

Giving Away the House? Las Vegas Resorts Reopen With Rock-Bottom Rates

Giving Away the House? Las Vegas Resorts Reopen With Rock-Bottom Rates

Cameron Sperance, Skift

Vegas casino operators may care more about occupancy over daily rates in the initial recovery, but prolonged room discounts can alter guest rate expectations — and sink hotel revenue streams for the long-term.

4 weeks ago

Where Are Travel Prices Headed? Get Ready for Twists and Turns

Where Are Travel Prices Headed? Get Ready for Twists and Turns

Dennis Schaal, Skift

Domestic airfares around the world fell dramatically in May — on average. But, as with hotels, there are currently pockets of strength — and will be for months. Still, contrarian trends don't make for a nice, tidy trend line when it comes to prices.

1 month ago

Development Pipeline for New Hotels Throttles Ahead Remarkably to Record Highs — For Now

Development Pipeline for New Hotels Throttles Ahead Remarkably to Record Highs — For Now

Cameron Sperance, Skift

The U.S. hotel industry may already be inching into recovery territory while hotel construction has yet to begin a decline that could last years.

1 month ago

European Hotels Among Last to Recover? Don’t Tell That to Germany

European Hotels Among Last to Recover? Don’t Tell That to Germany

Cameron Sperance, Skift

A full economic recovery is years away, and the path it takes is largely uncertain. Germany, with its strong domestic traveler base, could be a surprisingly strong performer in a hotel industry on the rebound.

2 months ago

Global Hotels Will Lose Just 2 Percent of Supply Permanently Because of Coronavirus: Report

Global Hotels Will Lose Just 2 Percent of Supply Permanently Because of Coronavirus: Report

Cameron Sperance, Skift

Ongoing government coronavirus relief efforts like the $2 trillion CARES Act and banks unwilling to take over hotels should keep most of the world's hotel supply intact through a very turbulent 2020.

2 months ago

U.S. Hotel Profits Per Room Cratered to Losses in March

U.S. Hotel Profits Per Room Cratered to Losses in March

Cameron Sperance, Skift

Gross operating profits tanked in March, and it could take until 2021 for them to get to levels where owners can satisfy operational costs and mortgage payments.

2 months ago

U.S. Hotel Construction Boom Hit a Record High in March Despite Coronavirus

U.S. Hotel Construction Boom Hit a Record High in March Despite Coronavirus

Cameron Sperance, Skift

Hotel builders shouldn't get too optimistic by a record-setting month. It can take as long as a year for economic downturns to reflect in the construction industry.

3 months ago

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

Cameron Sperance , Skift

U.S. economy extended stay hotels continue to see relatively strong performance levels during the coronavirus downturn, while offering rooms for emergency services could maintain numbers from dipping as the crisis continues.

3 months ago

Hotels Chains Maneuver to Deal With Coronavirus Gut Punch

Hotels Chains Maneuver to Deal With Coronavirus Gut Punch

Dennis Schaal, Skift

Major hotel chains are undertaking financial moves to get past the coronavirus crisis. But without governmental relief, it likely won't be enough.

4 months ago