Articles tagged “str”

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.