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Va. hotel revenues improved only 1% last week
Hotel revenues in Virginia improved by only 1% last week and still remain at a 45% decrease compared to the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. The week before last, STR reported a 46% decrease in Virginia […]
Va. hotel revenues slowly improving
Hotel revenues in Virginia slightly improved last week, but still remain at a 46% decrease compared to the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. The week before last, STR had reported a 50% decrease in hotel revenues […]
Va. hotel revenues dropped by 50% last week
Hotel revenues last week continued to decrease by 50%, compared with the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. Last week, STR had reported that the U.S. hospitality industry had marked its worst quarter yet. Nationally, however, the […]
Va. hotel revenues decline while U.S. has worst quarter on record
Hotel revenues remained low but steady in Virginia last week, compared with the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry, which STR reported just marked its worst quarter yet. “Due to the COVID-19 pandemic, the U.S. hotel industry reported […]
Va. hotel revenue declines worsen
Hotel revenue declines have worsened during the past week, despite the state operating under Phase Three of Gov. Ralph Northam’s “Forward Virginia” plan, which has loosened some gathering and hospitality restrictions. Hotel revenues and rooms sold declined in every major market in Virginia, compared with the same time frame last year, according to new data […]
Va. hotel revenues still down by more than 60%
Even as Phase Three of Virginia’s reopening plan looms on the horizon, Virginia hotels are continuing to see revenues dropping. in the second week in June by 64% compared to the same time a year ago, according to findings released Thursday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
Hilton lays off 2.1K employees, extends furloughs
As hotels continue to struggle during the COVID-19 pandemic, McLean-based Hilton Worldwide Holdings Inc. announced Tuesday it is laying off 2,100 corporate employees — more than 20% of its corporate workforce. The company is also extending furloughs, reduced hours and corporate pay reductions, which were first announced in March, for up to an extra 90 […]
Sorry, we’re CLOSED
“April is the cruelest month,” T.S. Eliot wrote, but for the hospitality and tourism industries, the cruelty began in March. With conferences and conventions canceling reservations amid the pandemic, hotels and convention centers across the commonwealth have temporarily shut down operations, furloughing and laying off workers. By late March, Virginia lost more than 23,000 hotel […]
Colonial Williamsburg extends closures through May, plans additional furloughs
Colonial Williamsburg Foundation is extending its closures through May 31 and is furloughing additional staff. The nonprofit, which owns and operates the Historic Area, museums, hotels, restaurants and other attractions, had originally announced closures would last through April 30. The Williamsburg Lodge, which has remained open to assist the city and public health officials with […]
Omni Homestead closed temporarily during 2020 pandemic
The Omni Homestead Resort in Hot Springs announced Friday that it is closing from March 29 until June 1, due to the economic fallout from the COVID-19 pandemic. “The global health crisis has hit the hospitality industry swiftly and significantly. Like many hotels, we’ve felt the impact and made the difficult decision to temporarily suspend […]
More than 23,000 hotel jobs lost so far in Va.
As of Monday, the lodging and hotels industry has lost more than 23,000 jobs in Virginia as a result of the coronavirus crisis, according to Eric Terry, president of the Virginia Restaurant, Lodging & Travel Association. The American Hotel and Lodging Association (AHLA) on Monday released the results of a study estimating that Virginia’s lodging […]
Top-ranked Virginia hotel has 23 rooms and five stars
After analyzing more than 30,000 hotels in the U.S., Europe, Canada, Mexico, Bermuda and the Caribbean, the U.S. News & World Report released its Best Hotels in the USA 2020 rankings on Tuesday, and three five-star Virginia hotels topped the list of the best hotels in the commonwealth. The Inn at Little Washington, a five-star […]
