Corporate Travel Prepares for Post-Vaccine Realities

Widespread availability of Covid-19 vaccines could be a matter of weeks away in the United States, which will be a key component of corporate travel industry recovery but also is presenting new policy, technology and ethical considerations with which corporate travel programs must grapple. U.S. President Joe Biden this week announced that he was pushing […]

U.S. hotel profitability hits pandemic high

U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR‘s February 2021 monthly P&L data release.  GOPPAR had come in no higher than US$12.69 for any month since the pandemic’s initial impact on industry performance last March. In addition to improved absolute levels in the profitability metrics, […]

Mandarin Oriental New York to reopen

Forbes Five-Star Mandarin Oriental, New York has announced that as of 1 April 2021 the hotel will once again be welcoming guests. The anticipated reopening debuts a new dining experience, MO Lounge, along with enhanced safety measures and programming designed to ensure wellbeing yet still deliver the service excellence for which Mandarin Oriental is renowned. […]

U.S. Demand Approaches Pandemic-Lowered Levels Of 2020

STR’s latest 51-chart demand map through 13 March 2021 shows that most states are moving closer to their levels from the same time last year. Unfortunately, those demand levels from comparable periods in 2020 were lowered substantially by the earliest pandemic lockdowns. A clear majority of states have made solid progress in shrinking the tremendous […]

US Hotel Performance Improves In February

The U.S. hotel industry showed higher performance levels from the prior month, according to February 2021 data from STR. Occupancy and RevPAR were the highest for any month since October 2020, while ADR was the highest since September 2020. Among the Top 25 Markets, Oahu Island reported the lowest February occupancy level (29.3%), which represented […]

Final Tally: Travel Lost $1.1 Trillion In U.S. Economic Output In ‘20

Travel’s economic footprint in the United States shrank a staggering 42% last year, from $2.6 trillion to $1.5 trillion, according to new end-of-year totals prepared for the U.S. Travel Association by the research firm Tourism Economics. The employment devastation was similarly massive: travel-supported jobs fell by 5.6 million in 2020 (16.7 million to 11.1 million)—a […]

Spring Travel In Full Swing: Half Of Americans Planning A Trip This Season

Although the idea of a vacation has felt like an impossible dream for such a long time, paradise may be on the horizon. Americans are becoming increasingly confident that life will soon return to normal — and they are keen to hit the road as soon as possible. In fact, a new Tripadvisor survey reveals […]

WTTC Welcomes “American Rescue Plan Act Of 2021” From U.S. Congress

Gloria Guevara, President & CEO, WTTC states: “This incredible stimulus package will be welcomed by Travel & Tourism businesses across the U.S., many of whom are struggling to survive. This package promises a much-needed boost while the COVID-19 pandemic continues to ravage the sector. The $14 billion allocated to airlines will come as a monumental […]

U.S. Hotel Profitability Improved Slightly In January

BROOMFIELD, Colorado – U.S. hotel gross operating profit per available room (GOPPAR) improved slightly from prior months but remained in the low single digits, according to STR’s January 2021 monthly P&L data release. In a year-over-year comparison with January 2020, the industry reported the following: GOPPAR: -95.9% to US$3.14 TRevPAR: -73.3% to US$60.94 EBITDA PAR: […]

Extended Stay America launches new Premier Suites brand

Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the launch of Extended Stay America Premier Suites. The new brand will feature new construction and fully renovated properties with upgraded amenities to target higher-rated extended-stay guest segments, expanding Extended Stay America’s reach. The Company will also rebrand the remaining portfolio to […]