Tag: recovery
Knowland: April Meetings and Events Volume Up 323 Percent Year Over Year
ARLINGTON, Va. — Knowland, provider of data-as-a-service insights on meetings and events for hospitality, released its monthly meetings and events data for April 2022, reporting a significant...
CBRE Forecasts Continued Hotel Performance Recovery in 2022
Dallas—CBRE Hotels Research has raised its forecast for 2022 average daily rate (ADR), occupancy, and revenue per available room (RevPAR) to reflect the stronger-than-expected...
Being Prepared: Three Challenges Facing Hoteliers in 2022
The hotel business is rebounding from the COVID-19 pandemic, which resulted in a collective $111.8 billion loss in room revenue alone during 2020 and...
A Year in Review: STR’s Market Recovery Monitor
Understanding, measuring, and forecasting the recovery of U.S. hotel performance has been difficult at best amid the global pandemic. Unlike other cycles that were...
STR: Miami and Dubai Led Major Markets in Hotel Profit Recovery in 2021
LONDON — Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR's full-year P&L data release. Miami’s...