Us Hotels Show Slight Uptick In May
States reopened, weekend occupancy soared and now COVID-19 numbers spike. More cases could impact business and group travel in H2. For now, we look at May and are grateful that the worst seems to behind us.
States reopened, weekend occupancy soared and now COVID-19 numbers spike. More cases could impact business and group travel in H2. For now, we look at May and are grateful that the worst seems to behind us.
In downtown Buffalo, New York, crossing the border into Ontario, Canada, used to be as easy as driving one mile across the Peace Bridge over the Niagara River. But that's now a forbidden route.
(CNN) — To say the Covid-19 pandemic has had a significant impact on the hotel industry is something of an understatement.Countless big names were forced to close due to safety concerns and plummeting occupancy rates, with many yet to resume business again.However, some chose to open their doors to doctors, nurses and other key workers fighting against the virus that's taken the lives of at least 500,000 people around the world so far.In the US, a selection of hotel chains and independent properties offered up at least 3.4 million hotel rooms to healthcare workers on the frontlines.In New York, America's hardest hit state, the Four Seasons New York was the the first to put up some of the city's medical personnel, welcoming staff from the New York State Nurses Association on April 2.
The coronavirus pandemic caused an unprecedented need for consumers to cancel travel plans. Many travelers have encountered frustration changing arrangements, canceling trips and obtaining refunds.
This dashboard is designed to provide critical insights to the hotel community as we weather the storm of COVID-19. Updates are made weekly. Demand has and will continue to be impacted differently in each market and in each hotel. Below is an overview of the week-over-week impact for demand across the entire U.S. as well as a look at six (6) major rate category/market segments.
U.S. hotels are beginning to reopen following coronavirus-related shutdowns, but until a vaccine or accepted treatment is widely available, the recovery is almost certain to hit a roadblock.
After nearly three months of quarantine, millions of Americans are ready to travel -- an overnight trip, a weekend getaway, a summer sojourn. With states reopening, that's now possible, with a caveat. Before coronavirus, few people likely thought twice about staying in a hotel room, rental home or cabin in the woods. But now, we have to factor in the potential for coronavirus exposure. Even if you're OK with the travel risks taking you to your destination -- plane, train or automobile -- what about the risks of the destination spot itself?
It took several months, but coronavirus is finally impacting hotel construction.
Travel in the middle of a global pandemic presents challenges, with each activity carrying its own level of risk for coronavirus.
For guests checking into a high-profile California hotel, they might be staying in rooms that have been sanitized in part by an unusual new staff member: a three-foot-tall robot named Kennedy.
There was a time in the not so far-off past when hotels lived or died by being an out-of-towner's fantasy: the Plaza, the Four Seasons, the St. Regis.
US airline stocks had an exceptionally strong week last week on rising hopes that summer travel would be better than originally feared.The nation's four major airlines, which had lost between 40% and 68% of their value year-to-date through the end of May, all posted solid gains last week, including a 77% jump at industry leader American Airlines (AAL) and a 19% gain at Southwest (LUV).Airline stocks were up again Monday after Bank of America raised its recommendation on two smaller airlines — JetBlue (JBLU), to neutral from sell, and Alaska Air (ALK), to buy from neutral. Most of the airline stocks were up between 5% and 11% in midday trading Monday.
Travel and tourism is perhaps the segment that has suffered the most from the pandemic, not just because there were government-induced lockdowns across most of the world, but also because travelers themselves have been wary about the risk. They've also been concerned about the economy and how it will impact them.
The hospitality industry will likely have the effects of the Covid-19 crisis seared into its collective memory for years to come—but, week by week, the troubled sector is beginning to recover.
For a travel industry looking for a glimmer of hope, the latest holiday-week statistics offer some encouragement, with hotels seeing an uptick in room occupancy rates and airlines filling more seats.
The U.S. hotel supply continues to grow at a record pace, even with the industry facing its worst downturn in recorded history. But the building boom's days are numbered.
As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.
It's almost impossible to find a hotel that hasn't introduced a new sanitation program, promising its rooms are squeaky clean and will be coronavirus-free. How do you know if your hotel room is really clean?
However slowly or spaced out between individual states, across the United States the bar may soon be open again. That is not only the promise of politicians, it is the message of OpenTable, (OT) provider of online restaurant reservations.
The world's largest hotel companies expect independent hoteliers to flock to flag affiliations and their accompanying global reach during the coronavirus recovery to rebuild business. Don't hold your breath, says an organization representing boutique hotels.