Articles tagged “str”

Coronavirus

3 Biggest Global Hotel Markets Not Seeing Big Omicron Impact Yet

The latest data since the Omicron variant emerged isn’t showing any massive swings in global hotel performance, but that doesn’t mean all regions are selling out rooms.

Cameron Sperance | 5 months ago
3 Biggest Global Hotel Markets Not Seeing Big Omicron Impact Yet

Hotels

The Best of Daily Lodging Report for the Week Ending November 12

Asia's reopening continues at a glacial pace while analysts now think a full demand recovery in the U.S. isn't out of the question sometime next year.

Cameron Sperance | 6 months ago
The Best of Daily Lodging Report for the Week Ending November 12

Mergers and Acquisitions

Sonder Lowers Valuation to $1.9 Billion as Market Conditions Change; Raises More Money

Sonder revenues are rising while its losses are widening, even as SPAC deals are coming under additional pressure. The new funding raised will help continue to focus on building the company and hopefully keep the economics in check enough to complete the deal.

Rafat Ali | 7 months ago
Sonder Lowers Valuation to $1.9 Billion as Market Conditions Change; Raises More Money

Business Travel

Europe’s Hotels Will Wait Until at Least 2025 for Full Return of International Business Guests

Be wary of everybody’s favorite word at the moment: pent-up demand. Your typical leisure traveler can book a trip and pack their bag in minutes, but companies will keep employees on a tight leash for years to come.

Matthew Parsons, Skift | 8 months ago
Europe’s Hotels Will Wait Until at Least 2025 for Full Return of International Business Guests

Coronavirus

U.S. Hotels Roared Ahead With Desperately Needed Job Gains in July

U.S. hotels continue to post strong job numbers thanks to summer leisure travel demand, but the industry can't afford to ride on blind optimism. The Delta variant throwing a wrench in the expected return of business travel will show up in jobs reports later this year.

Cameron Sperance, Skift | 10 months ago
U.S. Hotels Roared Ahead With Desperately Needed Job Gains in July

Coronavirus

Hotels Scored Profits With Massive Pandemic Cost Cuts — But at What Price?

Profit margins may have increased at some hotels during the pandemic, but what about the human cost? The pandemic wiped out 10 years of hotel job growth, and new operational models are unlikely to bring everyone back.

Cameron Sperance, Skift | 1 year ago
Hotels Scored Profits With Massive Pandemic Cost Cuts — But at What Price?

Coronavirus

China Wages Another Hotel Comeback After Brutal Winter Setbacks

China is dusting itself off from a major winter stumble in its road to a complete pandemic hotel recovery. While the year ahead looks good, forecasts by hotel executives of a complete rebound by December seem unlikely.

Cameron Sperance, Skift | 1 year ago
China Wages Another Hotel Comeback After Brutal Winter Setbacks

Coronavirus

China Is First Country in the World to See Year-Over-Year Hotel Revenue Growth During Pandemic

A holiday with plenty of reasons to celebrate: Golden Week reaffirmed projections that hotels in China are on track to recover to pre-pandemic revenue levels by next year.

Cameron Sperance, Skift | 2 years ago
China Is First Country in the World to See Year-Over-Year Hotel Revenue Growth During Pandemic

Coronavirus

U.S. Leads the World in Hotel Construction During Pandemic

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.

Cameron Sperance, Skift | 2 years ago
U.S. Leads the World in Hotel Construction During Pandemic

Coronavirus

Occupancy Rates for China’s Hotels Show First Year-Over-Year Growth Since Pandemic’s Start

Even if recent occupancy gains are tied to a blip in the holiday calendar, Chinese hotels continue to see a coronavirus economic recovery pattern that is the envy of the world.

Cameron Sperance, Skift | 2 years ago
Occupancy Rates for China’s Hotels Show First Year-Over-Year Growth Since Pandemic’s Start