Legislators Urge Treasury and Fed to Step In as Hotels Face Foreclosures
The COVID-19 pandemic forced hotels nationwide to shut down for weeks or operate at record-low occupancies with reduced staff. With revenues significantly reduced, many...
HotStats: Fragile U.S. Hotel Industry Records Performance Gains in May
LONDON — In the United States, between April and May 2020, total revenue per available room (TRevPAR) was up 39 percent (down 92 percent...
STR: ADR Not Expected to Recover to Pre-2020 Levels in the Next Five Years
HENDERSONVILLE, Tenn. — Even with improving performance already underway, U.S. hotel demand will not return completely to pre-pandemic levels until 2023, according to the...
STR: U.S. Hotel Profitability Improved in May After April Lows
BROOMFIELD, Colo. — STR's latest monthly P&L data release shows U.S. hotel gross operating profit per available room (GOPPAR) down 110.1 percent in May....
HotStats: May Data Indicates Global Hotel Performance Stabilizing
LONDON — Though the global hospitality industry is still in critical condition due to COVID-19, the latest HotStats report found that as of May...