Tag: COVID-19
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...
Survey: 44 Percent of Americans Are Planning Overnight Vacation or Leisure Travel in 2020
WASHINGTON, D.C. — A new survey conducted by Morning Consult and commissioned by the American Hotel & Lodging Association (AHLA) found that 44 percent...
Mind Your T’s and C’s: COVID-19 Terms and Conditions for Hotels
After many agonizing months of the COVID-19 pandemic causing closures and record-low occupancy rates, hotel owners and operators finally can begin reopening and welcoming...
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...