industry data
Knowland: U.S. Meetings and Events Data for October 2020
Knowland | November 19, 2020
Leader in meeting intelligence and analytics releases monthly group hospitality data to inform hotels as they look toward 2021 recovery efforts ARLINGTON, Va. — Nov. 19, 2020— October U.S. monthly meetings and events volume showed growth of 53.6 percent over the previous month, according to the latest data from Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues. While meetings are nowhere near the volume of 2019, meeting volume each month continues to improve over the prior month. One thing that remains consistent is the reduced size of meetin...
The Most Expensive Summer Destinations in the United States
August 6, 2020
Montauk, New York, an upscale village in Town of East Hampton, is the most expensive summer destination in the United States, according to the latest survey conducted by CheapHotels.org. The survey compared U.S. destinations based on the cost of lodging during August 2020. Only hotels or inns rated at least 3 stars and located close to the beach or in the city center were considered. Montauk topped the rankings at an average rate of $348 per night for the least expensive double room. Nantucket, a tiny island 30 miles south of Cape Cod, Massachusetts that is famous for lighthouses and dune-backed beaches, ranks second; and Long Beach Isl...
Fitch Ratings: New Single-Borrower Hotel CMBS Ratings Unlikely Due to Sector Performance
Fitch Ratings | August 6, 2020
Significant hotel sector performance deterioration as a result of the coronavirus pandemic and recession make the assignment of ratings to new US commercial mortgage-backed securities (CMBS) single-asset single-borrower (SASB) hotel transactions unlikely at this time, Fitch Ratings says. The duration of the pandemic is uncertain, which limits the visibility of short-term performance and precludes the assignment of Stable Outlooks. Fitch discusses hotel sector pressures in its latest report New Ratings Unlikely for U.S. Single-Borrower Hotel CMBS due to Coronavirus-Related Volatility. A sustainable recovery in the lodging sector depends on...
Capsolve Announces Enhanced Research Program and Industry Services
Capsolve | August 6, 2020
Nokomis, FL 8/6/2020 - Capsolve, a leading provider of Research and Services, has released its first series of research reports as a complimentary resource to the industry. The reports include an overview of the software, services and equipment that exist within the Central Reservations, Sales & Catering, Revenue Management, COVID-19 Mitigation, Digital Ordering and Mobile categories. As part of Capsolve’s complete research program, inquiries may be fielded for nearly any category of interest, such as PMS, POS and the many others displayed in the Capsolve Industry Solution Maps. View the Research Since the beginning of the y...
Knowland Launches Free Interactive COVID-19 Hotel Recovery Dashboard
Knowland | May 20, 2020
Advanced analytics for local market and property level data allows hotels to assess competitive position and jumpstart recovery ARLINGTON, Va. — May 20, 2020—Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues, announced today a free interactive dashboard providing actionable insights on COVID-19 hotel recovery. These insights will enable hoteliers to see their position in the rebound compared to local and/or national markets and make informed decisions to accelerate recovery. Knowland is providing free unlimited access to the Dashboard from the Kno...
STR: U.S. Hotel Results for Week Ending 25 April
STR | April 30, 2020
HENDERSONVILLE, Tennessee—Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry recorded the following: Occupancy: -62.2% to 26.0% Average daily rate (ADR): -42.9% to US$73.61 Revenue per available room (RevPAR): -78.4% to US$19.13 Year-over-year declines were less steep than previous weeks due to a comparison with the time of Passover in 2019. Additionally, absolute occupancy rose slightly ...
Hotels Need to Demonstrate How They Can Ensure Highest Levels of Hygiene Post-COVID-19, Says GlobalData
GlobalData | April 28, 2020
The tourism sector needs to be prepared for considerable changes in consumer demands when restrictions are lifted and demand for travel returns. In particular, the lodging industry needs to be prepared for guests now demanding the highest levels of hygiene and sanitation, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “Post-COVID-19, consumers will be likely to place as much importance on hotel hygiene standards as they will on price and location. Fears over contracting the virus will live on far after the pandemic is over. Due to the large scale of many hotel...
