56% Expect to Travel for Leisure; Business Travel Not Expected to Return Until 2024; Consumer Comfort with Travel Linked to Vaccine Distribution
Investors and users of space will be closely watching the vaccine rollout and potential additional fiscal stimulus
Report reveals increased intent in international travel and dining behaviors, based on first party search data and global consumer survey analysis
Aggregate data for the Top 25 Markets showed lower occupancy (38.4%) but higher ADR (US$95.94) than all other markets.
December 2020 data from STR shows performance metrics closer to what was seen at the beginning of the pandemic.
The global pandemics restrictions meant that we have all spent a lot of time indoors. During this time social media has been embraced in a new way to get information about the latest happenings, shopping and hours of mindless entertainment.
Year-end 2020 data shows all-time lows across key performance metrics for U.S. hotels.
Despite continuing lockdowns, Europeans are progressively interested in trips during the second quarter of 2021 as COVID-19 vaccines are rolled out. That is according to the latest report from the European Travel Commission (ETC) 'Monitoring Sentiment for Domestic and Intra-European Travel Wave 4' featuring data collected in December 2020.
During this live webinar, hosted by HVS and The Lodging Conference, leading hospitality executives discussed key issues that are anticipated to influence hotel performance during the coming year and beyond, as well as strategies to successfully navigate the current hospitality environment.
I am a big fan of the Uniformed System of Accounts for the Lodging Industry (USALI), or as she is affectionately called 'You Sally.' It has been the guide that our industry uses to properly present financial information for a long…long time, in fact almost 100 years. It lays out the format for our financial statement presentation and essentially acts as a referee if you like, to tell us what goes where. What revenues, costs of goods, expenses, and payroll belong to which department.