Empty highway during COVID-19

STR: More Than 75 Percent of U.S. Hotel Rooms Are Empty

HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
CARES Act

What Hotel Owners and Operators Need to Know About the CARES Act

On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act also known as the CARES Act....
New Orleans recorded the steepest decline in RevPAR during the week of March 22-28.

STR: RevPAR Fell 80.3 Percent in Week Four of March

HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
Profit decline

STR 2020 Outlook: U.S. Hotel RevPAR to Drop 50.6 Percent

HENDERSONVILLE, Tenn. — Due to the impact from the COVID-19 pandemic, the U.S. hotel industry is projected to report a 50.6 percent decline in...
San Francisco recorded the worst declines in each of the three key performance metrics during the week of March 15-21, 2020

STR: RevPAR Falls to $28.32 During Third Week of March

HENDERSONVILLE, Tenn. — Showing further effects of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics during...

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Profit decline

STR: U.S. Hotel Profits Dropped 116.9 Percent in April

BROOMFIELD, Colo. — U.S. hotel gross operating profit per available room (GOPPAR) fell 116.9 percent during April 2020, according to the latest monthly P&L...
Paycheck Protection Program (PPP)

AHLA Applauds House Passage PPP Expansion Bill

WASHINGTON, D.C. — On Thursday, the U.S House of Representatives passed bipartisan legislation to expand the Paycheck Protection Program. In a statement released on...
Working from Home

Navigating Conversations With Lenders During COVID-19

How should I approach my lender about new challenges?  "In light of the current crisis, my financial situation has changed. How should I approach my...

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