Research provides data on issues industry needs to address to hasten recovery
Staycation was undoubtedly the travel buzzword of 2020. With travel restrictions limiting people jetting off to far-flung destinations this year, Brits looked to explore what was on their very own doorstep more so than ever before.
As COVID-19 continues its charge unabated, its natural for hoteliers to feel like theyre on loose financial footing. And as room revenue becomes less predictable, many hoteliers are seeing their revenue-only strategies give way beneath them. Want to build your plans around a more solid hotel performance indicator? Look no further than benchmarking hotel profitability.
As of 1 October, the U.S. opened 521 properties accounting for 55,395 rooms between the beginning of March and end of September.
Mixed-use developments are going to be the most sustainable model for hotels going forward as they leverage the best of each asset class, while diversifying the risks for the investors and enhancing the overall experience for the guests. Read on to know more.
STR's preliminary September 2020 data for London hotels showed lower occupancy but higher room rates when compared with August.
Staycation was undoubtedly the travel buzzword of 2020. With travel restrictions limiting people jetting off to far-flung destinations for some of the summer months this year, Americans looked to explore what was on their very own doorstep more so than ever before.
U.S. airlines carried 70% fewer scheduled service passengers in August 2020 than in August 2019, according to data filed with the Bureau of Transportation Statistics (BTS) by 21 airlines that carry more than 90% of the passengers. Despite the large annual drop from pre-pandemic numbers a year earlier, when compared to the previous month U.S. airlines carried 2% more passengers in August 2020 than in July 2020.
The flash monthly estimate of real gross domestic product, monthly˗GDP, visualizes a rise in September to $18.4 trillion, which shows $1.2 trillion more GDP than Mays reading of $17 trillion, posted at the bottom of the corona virus crisis.
The tripping point is defined as the intense need for a break from the routine and the moment at which day-to-day responsibilities become too much and result in the desperate need for a change of scenery.