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asianhospitality

STR: U.S. hotels profits recovering from Omicron dip - 0 views

www.asianhospitality.com/ts-recovering-from-omicron-dip

str-report U.S-hotel-news Hotel-news-today U.S-hotel-market-report-2021 Asian-Hospitality

shared by asianhospitality on 05 Apr 22 - No Cached
  • asianhospitality on 05 Apr 22
     
    THE OMICRON VARIANT of COVID-19 has come and, for now, gone, and U.S. hotels are recovering quickly according to STR. The recovery does come after a slight dip in GOPPAR. That dip was a $20 decline in January, but GOPPAR rose to $58.88 in February, the highest since October, according to STR's P&L report for the month. TRevPAR for the month was $169.77, EBITDA PAR was $39.29 and labor costs were $56.63. All also were increases over January. In 2021, U.S. hotel profits reached 52 percent of pre-pandemic levels, according to STR. "Following trends in top-line performance, U.S. profitability levels are recovering more quickly from Omicron than with previous variants," said Raquel Ortiz, STR's director of financial performance. "February GOPPAR was roughly 77 percent of the 2019 comparable, but independents (108 percent), luxury (94 percent) and midscale (88 percent) chains were far above the national average. The upper upscale (67 percent) and upscale (70 percent) segments are where the largest deficits persisted.
asianhospitality

Survey shows 88 percent jump in international travel - 0 views

www.asianhospitality.com/ees-88-percent-jump-since-2021

INTERNATIONAL-TRAVEL Asian-Hospitality international-travel-survey Global-travel-and-tourism-industry International-travel-statistics

shared by asianhospitality on 16 Feb 22 - No Cached
  • asianhospitality on 16 Feb 22
     
    NEARLY HALF OF travelers, or 49 percent, have already taken an international trip, according to a survey by travel risk and crisis response provider Global Rescue. That indicates an 88 percent jump in travel abroad since summer of 2021. The Winter 2022 Global Rescue Travel Safety and Sentiment survey has also revealed that domestically, 85 percent of respondents have already traveled, signaling an 18 percent increase during the period. The survey of more than 1,400 respondents between Jan. 25 to 29 found that nine out of 10 travelers are "much less or less" concerned about travel since the pandemic, showing a 22 percent increase in travel confidence. "All signals are pointing to the beginning of the end of international travel restrictions due to the pandemic. Countries like New Zealand, Denmark, Norway, Sweden and others are opening their borders as severe COVID-19 illnesses and hospitalizations decline, vaccinations increase and testing is more convenient. Domestic travel continues to increase but the big news is that travel abroad is surging," said Dan Richards, CEO of Global Rescue. "When people feel safe, they travel and we are seeing tremendous, positive change in the traveler confidence about their well-being."
Alsero Travel

Süral Saray Hotel, Antalya Otelleri , Süral Saray Hotel , X Tatil - 0 views

www.xtatil.com/home

Erken Rezervasyon Fırsatı Süral Saray Hotel 07.05-06.06 arası Herşey Dahil SADECE 88 TL..!!

shared by Alsero Travel on 09 Mar 11 - No Cached
  • Alsero Travel on 09 Mar 11
     
    Erken Rezervasyon Fırsatı Süral Saray Hotel 07.05-06.06 arası Herşey Dahil SADECE 88 TL..!!
abullah96

ارخص شركات مقاولات وانشاءات بالكويت - 0 views

شركات مقاولات وانشاءات بالكويت شركة العربية الكويتية هي إحدى شركات مقاولات عامة والإنشاءات في الكويت التي تقدم خدمات البناء والتأسيس والتشطيبات بدقة ومهارة عالية، وتعتمد على عمالة مدربة بشكل احتراف...

مقاولات عامة

started by abullah96 on 02 Mar 24 no follow-up yet
Camiguin Island

A Perfectly Amazing Summer - 1 views

I was so happy when my family decided to spend our last summer vacation at Camiguin Island since it was my first time in the place. I was so excited because I have already heard a lot of good comme...

started by Camiguin Island on 15 Nov 12 no follow-up yet
Camiguin Island

A Very Exciting Vacation - 1 views

It was my second time to visit Camiguin Island last summer. Of course, I really enjoyed its unequalled beauty as I went around for a tour to its most amazing places. But what made it more exciting ...

started by Camiguin Island on 11 Dec 12 no follow-up yet
Camiguin Island

Perfect Accommodation In A Perfect Place - 1 views

Since I was a kid, I have always been intrigued by the beauty and prestige of Camiguin Island. That's why I was so excited when I finally got the chance to see the place last week during our family...

started by Camiguin Island on 11 Oct 12 no follow-up yet
Camiguin Island

Astonishing Island Resort - 3 views

When my husband told me that he wants us to have our vacation for our upcoming anniversary, I instantly requested Camiguin Island as our venue. Luckily, he agreed on my request and asked me to find...

Camiguin Resort

started by Camiguin Island on 16 Apr 12 no follow-up yet
Camiguin Island

My Memorable Resort Experience - 2 views

I would like to thank all the staff of Bahay Bakasyunan sa Camiguin for providing us with an excellent service. My friends and I have not only enjoyed the captivating sceneries of the Camiguin Isla...

Camiguin Island Resort

started by Camiguin Island on 12 May 12 no follow-up yet
Camiguin Island

Amazing Island Resort - 1 views

As a college student, summer vacation is something that I always look forward to as it is the only time that I can relax and spend quality time with my parents and my two younger sisters. Thus, I ...

started by Camiguin Island on 20 Sep 12 no follow-up yet
Camiguin Island

Amazing Accommodation At A Beautiful Island - 1 views

I had a wonderful experience during my stay at the best Camiguin Island Resort -- Bahay Bakasyunan Sa Camiguin. It was just a three-day vacation, but then I found it very exciting. Aside from the l...

Camiguin Resort

started by Camiguin Island on 30 Oct 13 no follow-up yet
Maria Mangil

Fantastic Camiguin Island Experience - 3 views

I have always been dreaming and very curious about going to Camiguin. That is why when my wife asked me to spend a one week vacation in Camiguin Island, I never hesitated to answer her "Yes." Then ...

tours travel guide

started by Maria Mangil on 10 Oct 11 no follow-up yet
airwaysofficebd

Air Mauritius Bangladesh Sales Office And Contact Info | Airways Office - 0 views

airwaysoffice.com/ritius-bangladesh-sales-office

Airline Airlines Airways Company

shared by airwaysofficebd on 04 Jul 18 - No Cached
  • airwaysofficebd on 04 Jul 18
     
    Contact For Buying Air Tickets of Air Mauritius Airlines Travelzoo Bangladesh Limited Shimanto Square (Rifles Square) Suite # 260 (2nd Floor), Road # 2, Dhanmondi, Dhaka Mobile: 0197 8569 298 - 299 / (+88) 01768232311 Weekly 7 days open at 10.30 am to 8.30 pm
airwaysofficebd

Biman Bangladesh Airlines Sales Office And Contact Info | Airways Office - 0 views

airwaysoffice.com/ngladesh-airlines-sales-office

Airlines Airways Travel Visa Airline

shared by airwaysofficebd on 05 Jul 18 - No Cached
  • airwaysofficebd on 05 Jul 18
     
    Travelzoo Bangladesh Limited, Shimanto Square (Rifles Square), Suite # 260 (2nd Floor), Road # 2, Dhanmondi, Dhaka, Mobile: (+88) 01768232311 / +8801678569291, 95.
asianhospitality

Kentucky Hotelier Describes Night Of Tornado Terror - 0 views

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shared by asianhospitality on 15 Dec 21 - No Cached
  • asianhospitality on 15 Dec 21
     
    AT 1 A.M. SATURDAY, Paresh Desai and his family were safe in bed in their apartments at the Cardinal Motel in Mayfield, Kentucky, where they had lived for 22 years. One hour later, they were fighting for their lives as a historic system of tornadoes tore the roof off the entire building. The storm, now believed to have killed 88 people across five states according to media reports, came without warning, Desai said. He was with his wife, Mitali, who is seven months pregnant, their 16-year-old daughter and his mother and father, both in their 70s. It came out of the dark Around 1:30 a.m., Desai received an alert for the severe weather, so he woke up and began watching as the storm worsened. Then he went to wake the others, starting with his wife. "As soon as my wife stood up and we tried to get my daughter from the room, the roof was gone," he said. The hotel's windows also blew out as rain began pouring in. Desai's parents were calling from the other room where the roof remained partially intact.
asianhospitality

STR: GOPPAR reached 28-month high in March - 0 views

www.asianhospitality.com/reached-28-month-high-in-march

GOPPAR Asian-Hospitality STR-report U.S-hotel-occupancy STR-forecast-2022 baird_str-hotel-stock-index

shared by asianhospitality on 03 May 22 - No Cached
  • asianhospitality on 03 May 22
     
    PROFITS FOR U.S. hotels reached a 28-month high in March, according to STR. Spring break travel and higher rates are pushing performance up on all levels. GOPPAR was $83.81 for the month, the highest level for the metric since November 2019. It was less than $10 shy of reaching the pre-pandemic comparable from March 2019. In February GOPPAR stood at $58.88. EBITDA PAR was $62.68, TRevPAR was $204.84 and labor costs per room were $61.45. For the latter two it was their highest mark since March 2020.
asianhospitality

VMV Capital breaks ground on ESA in South Carolina - 0 views

www.asianhospitality.com/round-on-esa-in-south-carolina

VMV-Capital Asian-Hospitality hotel-news-usa Hospitality-industry-USA Hotel-industry-news-USA

shared by asianhospitality on 24 Nov 22 - No Cached
  • asianhospitality on 24 Nov 22
     
    REAL ESTATE INVESTMENT, development and management firm VMV Capital recently broke ground on the Extended Stay America Premier Suites Duncan in Duncan, South Carolina. It is the first such property for VMV, led by Vinny Patel as CEO. The four-story, 88-room hotel is in Spartanburg County between Greenville and Spartanburg near many businesses, including BMW, Michelin, and Spartanburg Regional Healthcare System, according to VMV. Other attractions include the Trapped in the Upstate Escape Rooms, Greer Heritage Museum and several parks. Construction is under way and the hotel is expected to open in summer 2023. Hotel amenities will include a fitness room and an onsite guest laundry.
asianhospitality

STR: GOPPAR improved in September; labor costs exceed 2019 - 0 views

www.asianhospitality.com/tember-labor-costs-exceed-2019

STR-report Asian-hospitality GOPPAR-sep-2022 labor-cost-2022 hotel-and-hospitality-news hospitality-news-USA hospitality-industry

shared by asianhospitality on 02 Nov 22 - No Cached
  • asianhospitality on 02 Nov 22
     
    GOPPAR FOR U.S. hotels improved in September compared to the month before and it exceeded the pre-pandemic levels, according to STR. Meanwhile, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. GOPPAR was $84.03 for the month, up from $64.26 reported in August. It was $78.30 for July and $91.23 in June. The performance index was $88.63 in May and stood at $90.96 in April. EBITDA PAR was $60.71 for September, TRevPAR was $222.97 and labor costs per room were $71.52. "Labor costs moved ahead the 2019 comparable due to continued high levels of hospitality unemployment and more spending on contract labor," said Raquel Ortiz, STR's director of financial performance. "Total labor costs were up 5 percent year to date, with all departments reporting higher expenses, except F&B, due to less group demand earlier this year. GOPPAR was the strongest since June 2022, and profit margins came in higher than September 2019. Profit margins have been strong for some time caused by lower employment levels and reduced services."
asianhospitality

STR: U.S. hotel profitability above 2019 levels in May - 0 views

www.asianhospitality.com/n-may-for-third-month-in-a-row

U.S-hotel-profitability STR-report Asian-Hospitability U.S-hotel-profits Hotel-industry-news-USA U.S-hotel-performance

shared by asianhospitality on 12 Jul 22 - No Cached
  • asianhospitality on 12 Jul 22
     
    THE PROFITABILITY OF U.S. hotels was above 2019 level for the third consecutive month in May, but was lower compared to April, according to STR. The GOPPAR and EBITDA PAR levels were down in May compared to the month before. GOPPAR was $88.63 for the month, down from $90.96 reported in April. In March, GOPPAR stood at $83.81. EBITDA PAR was $67.80 for May, TRevPAR was $219.58 and labor costs per room were $66.27. "After the top-line metrics showed mixed results in May, it wasn't a surprise that the bottom-line metrics came in a bit lower," said Raquel Ortiz, director of financial performance, STR. "Regardless, each of the four key P&L metrics showed improvement when indexed to 2019, with GOPPAR and EBITDA PAR coming in higher than May 2019 levels. We continue to keep a close eye on F&B as group demand levels rise. F&B revenues are gradually moving closer to 2019 levels, but catering and banquet revenues continue to lag."
asianhospitality

STR: GOPPAR in June reached its highest level since October 2019 - 0 views

www.asianhospitality.com/vel-since-october-2019-in-june

STR-report Asian-Hospitality GOPPAR-June-2022 U.S-hotel-performance US-Hotel-occupancy hotel-and-hospitality-news hospitality-news-USA hospitality-industry

shared by asianhospitality on 03 Aug 22 - No Cached
  • asianhospitality on 03 Aug 22
     
    IN JUNE, GOPPAR for U.S. hotels reached its highest level since October 2019, according to STR. All profitability metrics were up in the month compared to the month before. GOPPAR was $91.23 for the month, up from $88.63 reported in May. In April GOPPAR stood at $90.96. EBITDA PAR was $69.53 for June, TRevPAR was $226.10 and labor costs per room were $68.40. "Each of the key bottom-line metrics increased from May due to a rise in room rates as well as improved revenue from F&B and groups," said Joseph Rael, STR's senior director of financial performance. "Profit margins have held strong the past 12 months but have been slightly reduced recently due to rising wages and costs. Hotels have brought back services, amenities and F&B operations that were previously reduced, which have increased profits overall but at lower margins. While F&B revenues remain strong, catering and banquet revenue has lagged with improvement in recent months due to rising group demand."
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