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Articles tagged “str”

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Airlines

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

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.

Dennis Schaal, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Airlines

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

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.

Cameron Sperance, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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

Coronavirus

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

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.

Cameron Sperance, Skift | 4 years ago

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