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Although hospitality in Northern Virginia is taking its time toward a full comeback, there are a few signs that the industry is bouncing back — chiefly midweek hotel bookings. Business travelers, the bread and butter of Washington, D.C.’s hospitality industry, are more likely to purchase last-minute plane tickets that cost more, spend more on meals […]
Va. hotel revenues in February up 14.9% from 2019
Hotel revenues in Virginia were 14.9% higher in February compared with pre-pandemic levels, largely because of increased room rates, according to data released Tuesday by STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold increased by 4.3% last month compared with February 2019. The […]
Hotel revenues continue to outpace 2019, but only slightly
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. The latest data show rooms sold decreased by 4.6% in Virginia through August […]
Va. restaurant, travel association names new VP
Richmond-based Virginia Restaurant Lodging & Travel Association has promoted Brittany Wojdyla to vice president of membership and business development, the organization announced Thursday. In her new role, Wojdyla will be responsible for leading the association’s membership efforts throughout the state, developing partnerships and sponsorships, managing events and overseeing marketing an[...]
Va. hotel revenues down 6.5% from Jan. 2019
Virginia hotel revenues in January were 6.5% below January 2019 levels, according to data released Monday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 4% compared with 2019 levels. The average daily rate (ADR) paid for hotel rooms […]
Hotel industry recovering, but unevenly
The hotel industry will continue its recovery from 2020 this year, but unevenly, according to the American Hotel & Lodging Association’s 2022 State of the Hotel Industry Report. “Hotels have faced enormous challenges over the past two years, and we are still a long way from full recovery. The uncertainty about the omicron variant suggests […]
Va. hotel revenues down 19% from Nov. 2019 levels
Virginia hotel revenues in November were 19% below November 2019 levels, according to data released Wednesday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 12% compared with 2019 levels. The average daily rate (ADR) paid for hotel rooms […]
Hotels hit by supply chain disruptions
Supply chain disruptions are negatively affecting business revenue for nearly three in four hotels (74%), according to survey results released Wednesday from the American Hotel & Lodging Association (AHLA). Supply chain disruptions were moderately or significantly impacting operations of 86% of respondents. More than half (52%) reported that the issue had worsened over the past […]
Va. hotel revenues remain below 2019 levels
Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms […]
Va. hotels expect $1.5B loss in 2021 biz travel
The Virginia hotel industry expects to take a $1.5 billion loss this year stemming from sharply reduced business travel — 63.5% below pre-pandemic revenue levels, according to projections released Wednesday by the American Hotel & Lodging Association. Business travel is expected to generate about $864.5 million for hotels in Virginia for the 2021 calendar year, […]
Virginia hotel revenues still down, compared to 2019
Virginia hotel revenues for July 2021 decreased by 3% compared with pre-pandemic levels in July 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms […]
