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Horwath HTL Report - Hotels & Chains in Switzerland 2021 - By Michaela Wehrle

27 days ago   |   By Hotel News Resource

'2020 was a year that shook the hotel industry to its core. It started with record figures and ended with the biggest financial crisis since the Second World War.' says Andreas Züllig, President of HotellerieSuisse.
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Hotels: Occupancy Rate Down 16% Compared to Same Week in 2019

Hotels: Occupancy Rate Down 16% Compared to Same Week in 2019

27 days ago   |   By Calculated Risk

Note: The year-over-year occupancy comparisons are easy, since occupancy declined sharply at the onset of the pandemic. However, occupancy is still down significantly from normal levels.
The occupancy rate is down 16.4% compared to the same week in 2019.
From CoStar: STR: US Hotel Average Daily Rate Hits New Pandemic High U.S. weekly hotel occupancy reached its second-highest level since the start of the pandemic, according to STR‘s latest data through May 15.
May 9-15, 2021 (percentage change from comparable week in 2019*):
• Occupancy: 59.1%
• Average daily rate : US$113.54
• Revenue...
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For the Week Ending May 15th U.S. Weekly Hotel Occupancy Reached Its Second-highest Level Since the Start of the Pandemic

For the Week Ending May 15th U.S. Weekly Hotel Occupancy Reached Its Second-highest Level Since the Start of the Pandemic

27 days ago   |   By Hotel News Resource

Friday/Saturday occupancy came in higher than any weekend since Valentine's Day weekend in 2020. Additionally, ADR reached its highest point of the pandemic but was still US$20 less than the corresponding week in 2019.
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June 16th COVID-19 New Cases, Vaccinations, Hospitalizations

June 16th COVID-19 New Cases, Vaccinations, Hospitalizations

From NBC: Virtually all hospitalized Covid patients have one thing in common: They're unvaccinated From MarketWatch: CDC says Delta COVID variant is ‘of concern,' as experts... Read more ...

One Detroit Credit Union review: Minority-led credit union with a free...

One Detroit Credit Union review: Minority-led credit union with a free checking account

Table of Contents: Masthead StickySummary List Placement The bottom line: One Detroit Credit Union Share Savings Account is a minority-led credit union that pays high interest... Read more ...

The Federal Reserve hints it may hike rates twice in 2023 as inflation hits...

The Federal Reserve hints it may hike rates twice in 2023 as inflation hits decade-plus highs

Summary List Placement New economic projections from the Federal Open Market Committee suggest the central bank will raise its benchmark interest rate two times in 2023... Read more ...

Federal Reserve To Continue Supporting Economy Despite Surging Prices

Federal Reserve To Continue Supporting Economy Despite Surging Prices

The Federal Reserve is maintaining its easy money policies for now, in an effort to speed the economic recovery. It left interest rates near zero despite a jump in consumer prices. Read more ...

The CEO of a hot $1.2 billion security startup explains how he's trying to...

The CEO of a hot $1.2 billion security startup explains how he's trying to avoid one of the most common problems that dooms larger firms

Summary List Placement With more than $195 million in funding and a valuation of $1.2 billion, Axonius was one of the hottest cyber startups of the past year. Now, it plans to... Read more ...

The 5 sectors struggling the most with hiring and what it says about the...

The 5 sectors struggling the most with hiring and what it says about the reopening US economy

Summary List Placement Various signs point to a historic labor shortage in the US economy. But not all sectors are experiencing the same pain. What began as a strong recovery... Read more ...

TIME Opens Asma Hotel in Dubai with All-female Management Team

TIME Opens Asma Hotel in Dubai with All-female Management Team

New Al Barsha hotel to operate with 80% female staff - Dedicated floors for female travelers with exclusive room amenities Read more ...

Comments on May Housing Starts

Comments on May Housing Starts

Earlier: Housing Starts increased to 1.572 Million Annual Rate in May Total housing starts in May were below expectations, and starts in March and April were revised down... Read more ...

US stocks trade mixed as investors await inflation outlook from the Fed

US stocks trade mixed as investors await inflation outlook from the Fed

Summary List Placement US stocks were mixed Wednesday as investors paused before a key decision by the Federal Reserve coming later in the day. The Federal Open Market... Read more ...

Introhive raises $100M to automate customer relationship management

Introhive raises $100M to automate customer relationship management

Introhive, a company providing customer relationship management automation solutions, has raised $100 million in a growth equity round. Read more ...