The U.S. is experiencing an economic recovery unlike any other in recent memory…and the news is not all good. Yes, the economy is expanding on the strength of increased spending. And yes, the Fed’s massive monetary stimulus has alleviated the pain from the pandemic shutdowns that inflicted such major damage on U.
Hospitality Ventures Management Group (HVMG) Continues to Generate Industry-Leading Revenue and Operating Results
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today announced that it continues to generate industry-leading Gross Operating Profit Per Available Room (GOPPAR) and Gross Operating Profit (GOP) margins as measured by STR data.
Melbourne’s hotel industry reported lower performance levels compared with the month prior, according to preliminary May 2021 data from STR.
STR’s preliminary May 2021 data for Berlin hotels showed slightly higher performance compared with previous months but at overall low levels.
Riyadh’s hotel industry reported its highest room rates in three months, according to preliminary May 2021 data from STR.
WTTC Research Reveals Travel & Tourism Sector’s Contribution To Japan’s GDP Dropped By $138 Billion In 2020
COVID-19 sparks a dramatic 37% fall in the sector’s contribution to GDPMore than 290,000 jobs lost, while many more remain protected by the expansion of the employment scheme However, the return of i.
U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through 5 June.
After an improved start to 2021, India’s hotel occupancy has been on a rapid decline amid the second COVID-19 wave in the country, according to data from STR.
The Baird/STR Hotel Stock Index dipped 2.8% in May to a level of 5,148. Year to date through the first five months of 2021, the stock index was up 12.6%.
While much of Europe remains moderately locked down, the U.K. has reopened, led by Scotland where hotel stays have been allowed since April 26.