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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 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 […]
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, […]
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 […]
Hospitality association launches free online training
A workforce training program launched Monday to help restaurant and hotel workers, the Virginia Restaurant, Lodging & Travel Association announced. The program offers free training for people who are employed, out of work or underemployed from the National Restaurant Association and the American Hotel & Lodging Association Educational Institute. Training is available to residents of [&hell[...]
