Planning for Resilience in Hospitality
The current pandemic is testing the resilience of the travel sector more than most other industries. While hospitality performance is expected to take a...
CBRE: U.S. Hotel Industry to Begin Multiyear Recovery in Q3
LOS ANGELES – After facing the lowest occupancy levels since the 1930s and the greatest declines in revenues and profits ever experienced in the...
U.S. Hotel Occupancy Falls to Three-Week Low
HENDERSONVILLE, Tenn. — U.S. hotel occupancy fell to a three-week low during the week of August 16-22, 2020, according to the latest data from...
HotStats: Global Hotel Industry Makes Monthly Strides in July
LONDON — According to July profit and loss data from HotStats, the global regions continue to accrue negative months of profitability, with the exception...
The Cost of COVID-19: Owners Face a Severe Hit to Their Fiscal Health
The COVID-19 virus has had an extreme negative impact on the U.S. lodging industry. According to CBRE’s June 2020 edition of Hotel Horizons, lodging...