While GOP in comparison with 2019 improved from 50% in March, labor spending was up to just 64% in April after coming in at 60% the previous month.
Hotel demand in most US states now within 15% of 2019
For the 4-week period ending 15 May, 29 states experienced room demand totals within a 15% margin of the comparable period in 2019.
Restrictions push Lima’s hotel occupancy down
Recent COVID-19 restrictions pushed Lima’s hotel occupancy down after the market had reached a six-month high in April.
Middle East’s Ramadan hotel occupancy approached 2019 level
The Middle East reported Ramadan hotel occupancy levels that were improved from last year and only slightly below the 2019 comparable.
Preliminary London hotel data for April
Data for London hotels shows slightly better performance compared with recent months, albeit at overall low levels.
TE upgrade latest U.S. hotel forecast
Underpinned by stronger-than-expected demand during Q1, STR and Tourism Economics upgraded the latest U.S. hotel forecast.
Baird/STR Hotel Stock Index rose 3.2% in April
Hotel stock prices increased in April, but they were relative underperformers on a monthly basis for the third time this year.
Hotel profit reaches 50% of 2019 level
Gross operating profit for U.S. hotels reached 50% of the comparable 2019 level, according to STR‘s March 2021 monthly P&L data release. …
U.S. hotel results for week ending 24 April
U.S. weekly hotel occupancy remained flat from the previous week.
Canada hotel performance for March 2021
Canada’s hotel industry reported slightly higher performance when compared with recent months.
