As the 2022 budget season progresses, CBREs Hotels Advisory professionals surveyed 130 industry leaders around the U.S. regarding concerns facing the hotel industry.
U.S. hotel profitability increased from the previous month on a per-available-room basis but was down when indexed to 2019, according to STRs October 2021 monthly P&L data release.
Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent. Job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Retail trade lost jobs.
Guest Satisfaction Scores Remained Flat From 2020, Study Shows
America's monthly GDP “rose by a disappointing month-to-month annualized rate of 0.9 percent in October,” said Professor Evangelos Simos, Editor-in-Chief. The latest issue of Monthly GDP Warp Digest, second estimate, “…visualizes that real monthly GDP is on a flight path for a hard landing to a stagnation plateau, after a 2021 growth voyage at a speed of 6.3 percent in quarter one, 6.7 percent in quarter two, and 2.0 percent in quarter three,” Professor Simos added.
Among the Top 25 Markets, Dallas saw the largest occupancy increase over 2019 (+12.2% to 54.8%).
Bends strategic location as a drive-to destination in Central Oregon, within driving distance of Crater Lake National Park, Smith Rock State Park, and Deschutes National Forest, made it a bright light during the pandemic and contributed to the local lodging markets resiliency.
Travelers want their next vacation to be their Greatest of All Trips (GOAT), and are in pursuit of transformative and meaningful travel experiences
After a weak first half of 2021, international tourism rebounded during the Northern Hemisphere summer season, boosting results for the third quarter of the year, especially in Europe.
JLL Hotels & Hospitality releases its first annual Global Asset Management Report detailing what hotel owners should consider as travels returns