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hotel industry

Virginia Beach Oceanfront. Photo by Robyn Sidersky
Dec 19, 2023

Va. hotel revenues continue to recover from pandemic

Almost all Virginia hotel markets have fully recovered financially from the COVID-19 pandemic, and Hampton Roads continues to outpace Virginia and the U.S. in improvement based on hotel revenue. Virginia hotel revenues through November were 12.7% higher than they were in 2019, according to a report released Tuesday by Old Dominion University’s Dragas Center for […]

Virginia Beach Oceanfront. Photo by Robyn Sidersky
Dec 4, 2023

Hampton Roads hotel revenues outpace Va., country

Hotel revenues in Hampton Roads outpaced Virginia and the nation through October, according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy, citing data from STR, a division of CoStar Group that provides market data on the U.S. hospitality industry.  Through October, hotel revenues were 22.8% higher in Hampton Roads, […]

Sep 20, 2023

Hotel revenue still up, but shows signs of softening

Virginia’s hotel industry revenues remain above pre-pandemic levels but are beginning to show a softening. That’s according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy released Tuesday. According to the center’s analysis of data from STR, a division of CoStar Group that provides market data on the U.S. hospitality […]

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