Articles tagged “str”

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.

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.

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.

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.

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.

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.

If China continues its centralized government's stance of rapid response to coronavirus outbreaks, a full hotel industry recovery there by the end of next year isn't as impossible as it may seem.

The American Hotel & Lodging Association continues to outline why it needs Washington to help the struggling hotel sector. The next four weeks are a make-or-break moment for dealmaking on Capitol Hill until after the U.S. presidential election.

Hoteliers shouldn't get used to good news. U.S. full-service hotels may have seen a very slight average profit per room in July, but the peak summer travel season is fading — and the pandemic still isn't under control.

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.