Baird/STR Stock Index Declines 1.7% in July
Year to date through the first seven months of 2020, the stock index was down 42.9%.
Canada’s Hotel Construction Pipeline Continues to Expand Year-Over-Year
According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline continued to expand at the close of Q2’20 with 296 projects/39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY).
U.S. July Unemployment Rate Falls to 10.2%
Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic.
U.S. Airlines June 2020 Fuel Use Up 25% from May
June 2020 fuel consumption was 23% higher than May 2020 and 25% higher than April 2020, which was the lowest monthly fuel usage on record dating back to 2000.
U.S. Hotel Occupancy Continues Slight Upward Trend for Week Ending August 1st
U.S. hotel occupancy declined 34.5% to 48.9% during the week of 26 July to 1 August. ADR fell 25.3% to $100.04 and RevPAR dropped 51.1% to $48.96.
British Columbia (48.2%) and Manitoba (43.1%) Reached a 40% Occupancy Level for Week Ending August 1st
Canadian hotel occupancy fell 49.2% to 38.4% during the week of 26 July to 1 August. ADR dipped 28.8% to 129.74 Canadian dollars ($97.72) and RevPAR decreased 63.8% to CA$49.86 ($37.56).
July U.S. Economywide Leading Analytic Up for a Third Month in a Row
e-forecasting.com's economic Leading Analytic, eLA™, a composite barometer of seven time-series, forward-looking, and model-fused predictive analytics, rose 2.8 percent in July, following an increase of 5.1 percent in June.
HVS Report – Reactivating the Caribbean During the COVID-19 Pandemic – By Kristina M. D’Amico
After record breaking visitation in 2019, the Caribbean was well positioned for another stellar year. However, despite a very low infection rate in the region, the COVID-19 pandemic has presented a wide range of new challenges for stakeholders in the region.
U.S. Bureau of Transportation Statistics Offers COVID-19 Related Daily, Weekly and Monthly Transportation Statistics
The new pages present a wide range of data on all transportation modes from various sources, and BTS will add more measures as they become available.
HVS Report – The Changing Landscape of the Recruitment World – By Shalloo Dhillon
COVID-19 has changed the Corporate World as we knew it in more ways than one, and recruiting is no different as the hiring process has changed significantly. Read this article to know more.