Total nonfarm payroll employment rose by 245,000 in November, and the unemployment rate edged down to 6.7 percent. These improvements reflect the continued resumption of economic activity that had been curtailed due to COVID-19, though the pace of improvement has moderated in recent months.
e-forecasting.com's economic leading analytic rose 1.3 percent in November, following an increase of 1.7 percent in October. Six of the seven forward-looking predictive analytics, which make up the economic Leading Analytic, eLA, had a positive contribution to the overall predictive intelligence business tool.
This latest report, from the team at Horwath HTL Hong Kong, aims at providing a general understanding of how hotels in Hong Kong are responding to the coronavirus crisis and whether staycation or long stay packages can help hotels to reach breakeven amid the pandemic.
U.S. hotel occupancy fell 28.5% to 36.2% during the week of 22-28 November. ADR dipped 17.8% to $92.49 and RevPAR dropped 41.2% to $33.49.
Canadian hotel occupancy dropped 56.6% to 25.7% during the week of 22-28 November. ADR fell 26.2% to 106.57 Canadian dollars ($67.94) and RevPAR declined 68% to CA$27.36 ($17.44).
Federal Judges Deal Further Blows to Debra Laufers Nationwide ADA Lawsuits Against the Hospitality Industry
STR's monthly P&L data shows U.S. hotel profitability hit double figures for the first time since February, and year-over-year comparisons improved slightly from September.
Continued political uncertainty leading up to the presidential inauguration, the speed of the business traveler's return after a vaccine, and the length and severity of a resurgence of the virus in Q4 and into 2021 are impacting lodging's recovery in the US.
50% of diners have tried a restaurant for the first time because of a social media post. How are your social media chops? Download this free guide to use social media to grow your restaurant business in 2020.
By someones estimate there are roughly one million hotels in the world. I take it that number includes all the different kinds of hotels from small inns and hostels all the way up to your full-service multi-outlet mega hotel operations. For simple math I am going to estimate that half of this number of hotels fall into the small inns and hostels, and that leaves 500,000 of what Im going to call real hotels. Of those 500,000 I am willing to bet that 50 percent do not know about or use 'You Sally.'