Marchs 459,190 full-time equivalents (FTEs) was up 3.2% from February 2020 (458,832 FTEs) and was the highest FTE total for any month since February 2003 (460,852 FTEs).
According to the recent report from analysts at Lodging Econometrics (LE), Asia Pacifics total construction pipeline, excluding China, expanded to 1,905 projects/404,903 rooms, up 6% and 5% respectively, year-over-year (YOY).
U.S. hotel occupancy fell 63.9% to 24.5% in April, according to STR. ADR decreased 44.4% to $73.23 and RevPAR dropped 79.9% to $17.93.
During the week of 10-16 May, U.S. hotel occupancy fell 54.1% to 32.4%, ADR decreased 42.4% to $77.55 and RevPAR dropped 73.6% to $25.12.
New research released by SHRM (Society for Human Resource Management) and Oxford Economics puts a price on the economic pain inflicted by COVID-19, as U.S. workers have lost an estimated $1.3 trillion – roughly $8,900 per worker. Notably, 20 percent of this loss represents earnings of those who remain employed, suggesting job-losses alone are an incomplete account of COVID-19's impact on workers.
In March 2020, reporting marketing carriers posted an on-time arrival rate of 74.7%, down from both the 83.8% on-time rate in February 2020 and from 80.9% in March 2019.
Analysts at Lodging Econometrics (LE) report that despite the COVID-19 outbreak, China's total construction pipeline continues to expand to an all-time high of 3,533 projects/645,764 rooms, up 24% by projects and 9% by rooms year-over-year (YOY).
Expecting your insurance policy to cover your COVID-19 losses? The answer may lie in the fine print, or more likely the courts.
In response to the unique challenges of 2020, the Hospitality Sales and Marketing Association International (HSMAI) regions from around the world are proud to present ROC@Home, a day-long experience designed to fuel industry recovery and revitalization efforts on Wednesday, June 17, 2020.
Combined 2019 and 2020 data show dramatic impact of COVID-19