Canada’s hotel industry reported its highest monthly performance levels since the pandemic, according to STR’s August 2021 data.
Choice Hotels International, Inc.'s (NYSE: CHH) upscale brands, the Ascend Hotel Collection and Cambria Hotels, achieved impressive domestic room count growth of 24% year-over-year and outperformed local competitors in RevPAR share gains by 12 and 14 percentage points respectively in the first half of 2021.
2020-21 Australian accommodation monitor shows performance divide between capitals and regional areas
Australian accommodation declines for the 2020-21 financial year were worse for capital markets than regional areas, according to STR’s collection of national accommodation statistics through the Australian Accommodation Monitor.
As the summer leisure travel surge subsided, the U.S. hotel industry reported performance declines from the month prior, according to August 2021 data from STR.
With summer ending and the much-needed leisure travel surge waning, much of the industry’s attention and focus shifts to business travel. For true recovery to occur, the travel and hospitality industry needs to see business travel return to pre-pandemic levels.
New York City’s hotel market had its best week in terms of occupancy in a year and a half, with more than half a million room nights sold for only the second time since the start of the pandemic, despite decreasing hotel demand overall in the U.
U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 11 September.
The hotel industry is projected to end 2021 down more than $59 billion in business travel revenue compared to 2019, according to a new report released today by the American Hotel & Lodging Association and Kalibri Labs.
Miami, FL: Latest research conducted by the World Travel & Tourism Council (WTTC) on inbound international travel spend has found that the United States economy faces a daily potential loss of nearly $198 million should current border restrictions remain.
Deal-making activity in the travel & tourism sector declined by 17.4% during August 2021, says GlobalData
A total of 57 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during August 2021, which is a decline of 17.