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hotel revenue

Hilton Richmond Hotel and Spa in Short Pump. Photo courtesy Tripadvisor
Sep 15, 2021

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, […]

Hilton Richmond Hotel and Spa in Short Pump. Photo courtesy Tripadvisor
Aug 24, 2021

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 […]

Jul 20, 2021

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 […]

Jun 22, 2021

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% […]

Apr 20, 2021

Va. hotel revenues up 12% in March

Virginia hotel revenues for March 2021 increased by 12% compared with March 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 25%. The average daily rate (ADR) paid for hotel rooms dropped 10% […]

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