Global hotel performance
HotStats | March 7, 2022
Hoteliers appreciate predictability. It aids in setting labor schedules, revenue management optimization, food cost containment and as a hedge against a variety of other line items impacting hotel operations on a daily, weekly, monthly and yearly basis. The past two years have been anything but formulaic and the crisis in Ukraine could keep it that way. Hotels, at the mercy of the pandemic, have been bounced to and fro like a dinghy in the middle of a sea storm. Calmer waters may soon prevail, but data points to a recovery that is anything but gangbuster. Europe Alarm In a worrisome sign, Europe profit in January fell into negative t...
HotStats | February 2, 2022
In a year full of abnormality, 2021 ended on a more settled note. The global hotel industry’s climb back to profitability has not been easy, but it trudged back and, despite a dearth lack of corporate and group travel, ended 2021 almost back to 2019 levels—the recognized baseline of recovery. Last year was an indication that travel is not definitionally discretionary. Despite a pandemic, the willingness to still “get out there” was fundamental to life. Consider that throughout the pandemic, transient volume mix remained buoyant, succoring hotels that lost much or all of their business from other segments. Though December 2021...
HotStats | October 28, 2021
The cold hard truth is arriving with the chillier weather: global hotel performance has a ways to go before it's back to its former self. In the U.S., there is, however, cause for optimism. First, COVID case count: According to The Washington Post, new coronavirus infections in the country have dropped nearly 60 percent since a September spike due to the Delta variant. The seven-day average is also down some 58% since a mid-September infection peak. Coupled with a decreasing case count is the recent Biden administration decision to lift COVID-19 travel restrictions for fully vaccinated international visitors beginning November 8, a ...
HotStats | August 31, 2021
Global hotel performance is improving month by month. That’s the good news. The more pressing concern is if it will remain that way. The hotel industry remains fragile, dodging each and every new impediment thrown its way. The newest snag has been the Delta variant, which has caused COVID cases to spike in many areas and thrown a wrench into the gradual rebound. Just this week, the European Union recommended that Americans be banned from nonessential travel to its member states after a rise in case counts in the U.S. This as the U.S. remains off limits to most European travelers. Still, the hotel industry presses forward. U.S. ...
Sonesta Announces 13 New Hotel Openings Across Five Different Red Lion Brands
Quantifying the Franchise Relationship During COVID-19
Sable at Navy Pier Appoints Randy Romero to Lead as General Manager
AAHOA Statement on Los Angeles City Council Hearing Hotel Land Use and Replacement Housing Requirements Ordinance
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.