hotel industry
Hotel Pipeline Activity Down Across the Global Regions
STR | July 20, 2022
LONDON—Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter, according to June 2022 data from STR. June 2022 (% changes in comparison with June 2021) Europe In Construction: 207,315 rooms (-12.6%) Final Planning: 150,164 rooms (-15.2%) Planning: 163,380 rooms (+10.6%) Total Under Contract: 520,859 (-7.4%) Germany (40,729) and the U.K. (28,612) lead Europe in total rooms in construction. Asia Pacific In Construction: 486,412 rooms (+2.1%) Final Planning: 128,808 rooms (-29.0%) Planning: 302,499 rooms (+11.5%) Total Under Contract: 9...
Report: Hotels Continue Moving Toward Recovery in 2022
AHLA | January 24, 2022
WASHINGTON — January 24, 2022 — The hotel industry will continue moving toward recovery in 2022, but the path will be uneven and potentially volatile, and full recovery is still several years away, according to the American Hotel & Lodging Association (AHLA)’s 2022 State of the Hotel Industry Report. The report, which reveals shifts in consumer and business sentiment, was created in collaboration with AHLA Silver Partner Accenture and is based on data and forecasts from Oxford Economics and AHLA Platinum Partner STR. The top findings of the report include: Hotel occupancy rates and room revenue are projected to approac...
Demand in Most States Within 15% of 2019
STR | May 24, 2021
U.S. room demand continues to push toward the comparable levels of 2019. As a reminder, 2019 is being used as the recovery benchmark due to the heavy pandemic impact in 2020. For the 4-week period ending 15 May, 29 states experienced room demand totals within a 15% margin of the comparable period in 2019. Recalling that overall U.S. room demand dropped by greater than 80% during the worst weeks of this recession, there is evidence of widespread improvement as all but five markets during the past month registered a 30% (or less) deficit in recent rooms sold from 2019 levels. STR’s latest 51-chart demand map shows that many markets are ...
The Intersections of Tomorrow’s Hotel Industry
Jean-Philippe Nuel | May 20, 2021
By Jean-Philippe Nuel It has already been a year since Covid-19 developed into a pandemic, along with its panoply of urgent measures to contain, combat and defeat the devastating effect of the virus. Confinement, curfews, travel restrictions—including the recent border closures in Europe—and frequent mandatory quarantines for international travel. In the United States, New York City has gone dormant. The dynamism of the American megalopolis—the world's meeting point for business, art, diplomacy and tourism—has collapsed. The luckiest New Yorkers have been living in the countryside or in Florida for a year, and tourists are logic...
Zoom With a View: Displaced Workers Fuel the New Work-From-Hotel (WFH) Trend
Ted Helvey | September 29, 2020
By Ted Helvey The world froze due to COVID-19, and the hotel industry is still in a bit of shock. While business travel is mostly stalled and vacations are slowly picking back up, there’s another category of guests that shouldn’t be ignored: Work-From-Hotel (WFH) guests. Whether displaced by the pandemic, floods, fires or other extreme circumstances, a growing number of professionals are using hotel rooms for temporary shelter and as home offices. Another group of guests are the thousands of university students seeking temporary housing due to campus social distancing measures. The expectations of these unlikely guests are more demandi...
Hotel Erwin Appoints Ashley Truman Executive Chef
Hotel Erwin | January 20, 2020
VENICE, Calif. – January 20, 2020 – Hotel Erwin, the wonderfully weird and beautiful boutique hotel in Venice Beach, today announced the appointment of Ashley Truman as Executive Chef. In her new role, Truman will draw from her diverse industry experience to further enhance the dining experience for special events at the hotel, High Rooftop Lounge, Erwin’s Kitchen & Cocktails and Venice Way Pizza, opening next month. “We are thrilled to welcome Chef Truman to the Hotel Erwin family,” said General Manager Derek Haug. “She is incredibly talented, and we look forward to having her fresh perspective infused into our culinary of...
5 Things to Include in Your Hotel Performance Strategy
Hotstats | January 20, 2020
Are you putting too much emphasis on your hotel revenue strategy? Many hotel professionals miss an important fact: Your focus should be on overall hotel performance, not revenue alone. Consider this: Last year, the New York Yankees pulled in more revenue than the league’s bottom six professional baseball teams combined. But they didn’t win the World Series. Why? The simple answer is on-field performance. It’s the same for the hotel industry. Unfortunately, when it comes to building a winning hotel performance strategy, many hoteliers concentrate their efforts solely on revenue, when a focus on expense is just as important. That...
5 Events That Influence Hotel Performance
HotStats | January 13, 2020
In 2008, when the U.S. economy took a nosedive, Wall Street execs weren’t the only ones panicking. Hoteliers across the country had to brace themselves for impact. On its face, the Great Recession that followed would mean less leisure and corporate travel, tighter wallets and empty rooms. However, the operations that survived were able to roll with the punches. They dug into the data and adjusted costs to increase profit. Even though the 2008 crash—a so-called “black swan event”—was in a class of its own, it’s not uncommon for events to influence the hotel industry. And each event serves as a miniature lesson for hoteliers. ...
