the source for hotel and hospitality trends
Practice is what we are missing. Practice with the financial piece is somehow a foreign concept. But in the hotel world practice is everywhere, right?
The hotel revenue index indicated a decline of 89.5% during the Q1 2021 compared to Q1 2019. About 49% of all city hotels in Greece were in operation in Greece during the first quarter, but with hardly any demand, while with a few exceptions the resort hotel sector was closed.
With more businesses reopening and bringing employees back to work, the U.S. economy is on firm footing and could see its fastest growth in more than three decades, National Retail Federation Chief Economist Jack Kleinhenz said today.
U.S. scheduled passenger airlines reported an annual 2020 after-tax net loss of $35.0 billion, declining after seven consecutive annual after-tax profits and a pre-tax operating loss of $46.5 billion, declining after 11 consecutive annual pre-tax profits.
A new paper revealed how the hotel industry can tackle the net zero carbon challenge and save £millions in the process.
GOPPAR, TRevPAR and EBITDA PAR came in higher than any month since February 2020.
America's real monthly˗GDP™ jumped at an annualized rate of 4.3 percent in March,” said Professor Evangelos Simos, Editor-in-Chief, in highlights released today for the preliminary (second) monthly GDP update.
PACE financing guidelines are finally available for New York City, and while the program has not officially launched yet, hotel owners and developers in the area should start planning how to use these loans to retrofit their properties. My Partner David Sudeck discusses the program requirements.
Principal Financial Group study signals businesses are hopeful and positive about long-term prospects
As we move further into the spring, much of the U.S. continues to make solid progress toward reaching comparable demand levels from 2019. As a reminder, 2019 is being used as the recovery benchmark due to the heavy pandemic impact in 2020.