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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 […]
2021 Virginia Business Person of the Year: Bruce Thompson
Standing on a hill overlooking the Atlantic Ocean, the Cavalier Hotel is a callback to a time when Virginia Beach was a sleepy little resort town inside Princess Anne County. Opened in 1927 as the largest brick building in the state, the Cavalier was a product of the Jazz Age. Over the years, the Y-shaped […]
Va. hotel revenues continue to lag from 2019 levels
Virginia hotel revenues for October were 20% below pre-pandemic levels in October 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 13% compared with 2019 levels. The average daily rate (ADR) paid for […]
Omni Homestead launches $120M renovation
The Omni Homestead Resort has started work on a property-wide revamp expected to cost $120 million, the resort hotel in Bath County announced Monday. Some renovation work will begin late this month, and an event pavilion will be added to the hotel, which opened in 1766. The Homestead project is likely to be the largest […]
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, […]
Bland County’s Eupepsia resort tops wellness hotel ranking
Eupepsia, a 250-acre Ayurveda wellness retreat in Bland County, was named the top wellness hotel in the nation this week by USA Today readers, who chose the resort from nominees selected by editors of USA Today’s 10Best rankings section. Set near the Jefferson National Forest and the Blue Ridge Mountains, Eupepsia offers vegetarian cuisine, health […]
Hospitality | Tourism
NEIL P. AMIN CEO, SHAMIN HOTELS, RICHMOND The past year has been a bit of a mixed bag for Amin and Shamin Hotels, one of the United States’ largest independent hoteliers. Shamin, which owns more than 60 hotels, saw its Hilton Richmond Hotel and Spa in Short Pump enter receivership in January after falling behind on […]
Va. hotel revenues still lagging pre-pandemic levels
Virginia hotel revenues for June 2021 were down 22% compared with pre-pandemic levels in June 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 14%. The average daily rate (ADR) paid for hotel rooms […]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition of the Federal Reserve’s Beige Bo[...]
Va. hotel revenues increased by 178% in May
Virginia hotel revenues for May 2021 increased by 178% compared with May 2020, according to data released Tuesday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold went up by 96%. The average daily rate (ADR) paid for hotel rooms rose 42% […]
Northam: State to loosen more restrictions May 15
Beginning May 15, the state will loosen more restrictions, including allowing larger social gatherings and expanded audiences for entertainment venues and sporting events, Virginia Gov. Ralph Northam announced in a video message released Thursday. Restaurants will also be allowed to resume serving alcohol after midnight. Northam’s amendments to his pandemic executive orders, which take effe[...]
Bar seating reopened statewide, governor declares
For the first time in more than a year, Virginians are now allowed to sit at bars for service as long as they stay at least six feet apart. Virginia Gov. Ralph Northam amended Executive Order 72 on Wednesday without an announcement, making the following policy change for restaurants, breweries, distilleries, wineries and tasting rooms: […]
