Hotel occupancy rates slide even more with travel shut down
The story keeps getting worse for U.S. hotels, as travel bans and social distancing efforts decimate demand for rooms. Occupancy rates fell to 23% during the week that ended March 28, according to a... To view the full story, click the title link......»»
COVID vaccines boost interest in travel. Look out for higher airfares and hotel prices
Dr. Anthony Fauci has war.....»»
Marriott CEO Arne Sorenson dies of pancreatic cancer at age 62
Marriott Chief Executive Arne Sorenson, who grew the company into the world’s largest hotel chain and steered it through a global pandemic that has been catastrophic in the travel industry in the pa.....»»
Postmaster general’s new plan for USPS is said to include slower mail and higher prices
A key provision of the postmaster general’s strategy includes banning air travel for all first-class mail at a time when delivery rates are at historic lows......»»
Marriott doubles down on all-inclusive resorts with new partnership
Marriott International Inc. will add 19 new resorts to its nascent all-inclusive hotel portfolio, doubling down on the potential return of leisure travel after a devastating year for the hotel business. Marriott (NASDAQ: MAR) has signed a deal wi.....»»
NerdWallet: 5 reasons you’re better off in a hotel instead of a vacation rental
If you must travel during the pandemic, is it better to stay in a hotel or a vacation rental, like an Airbnb?.....»»
Southwest shares slide after airline posts first annual loss since 1972 as pandemic slams travel
Southwest Airlines Co. shares slid 2.2% in premarket trade Thursday, after the airline posted its first annual loss since 1972 and offered bleak guidance for the first few months o.....»»
Report: Leisure travel will begin to rebound in 2021, but half of U.S. hotel rooms will remain empty
According to a recent report by American Hotel & Lodging Association, 56% of Americans are planning a leisure trip this year, but business and group travel will be slower to return......»»
Twin Cities tourism pros look ahead after dismal year for hotels
For Twin Cities hotels, a bad year ended on a sour note. Metro-area hotel occupancies, according to travel data firm STR, fell to roughly 24% for December – the second-lowest rate of the year......»»
The return of the hotel industry could take years
It will take time for business to return — not just leisure travel, but the conventions that bring thousands of business visitors to the region every year. Still, some high-profile hotel projects are in the works......»»
Stocks, Bonds, Gold, & Crypto All Slide As Goldman Sees "New Real Rates Regime"
Stocks, Bonds, Gold, .....»»
Is travel safe? We interviewed experts on risks associated with flying, booking hotels or Airbnbs, renting cars, and more, plus ideas on safe vacations during COVID-19
Experts from the medical field, travel industry, and major hotel brands talk risks and best protocols for safe travel. Here'.....»»
Howard Frankland Bridge to temporarily close over the weekend
All Interstate 275 travel lanes on the Howard Frankland Bridge will temporarily shut down over the weekend. The full close will start Jan. 9 at 8 p.m. until noon Jan. 10. The closure is necessary for crews to remove the 4th Street North (State Roa.....»»
A Trump hotel in DC more than quadrupled prices for room bookings around Biden"s inauguration
Rates at the Trump International Hotel begin at $2,225 a night around January 20, inauguration day.....»»
TSA infection rates increase amid holiday travel. Here"s a look at NC
Data released by the Transportation Security Administration show travelers and their families are not the only ones at risk as Covid-19 spreads......»»
Mortgage rates slide to historic lows for third time this month
The 30-year fixed-rate average fell to 2.66 percent, surpassing the low it set last week. Since the beginning of the year, it has fallen more than a percentage point......»»
24 hotel-branded products that will mimic a luxury travel stay at home — from Ritz-Carlton sheets to Marriott wine glasses
Shelter in place restrictions may so.....»»
Demand and occupancy for Hawaii vacation rentals fell in March amid Covid-19 travel restrictions
Unit supply for vacation rentals throughout the state was up in the month of March, while unit demand and occupancy fell as global demand for travel declined and travel restrictions to the Islands increased amid the coronavirus, according to the latest .....»»
Hotel owners expect a very different operation upon reopening
Lodging REITs are painting a picture of what the restart of travel will look like at the country's hotels, and it's quite different than what travelers are accustomed to......»»
Marriott encouraged by hotel business" recovery in China as U.S. inches toward reopening
Occupancy levels in Greater China are currently above 30 percent, up from the lows of under 10 percent in mid-February......»»
Marriott CEO calls a bottom as occupancy trends improve
Shares of Marriott International Inc. took a hit Monday, after the hotel operator missed first-quarter profit expectations, but Chief Executive Arne Sorensen highlighted a “glimmer of good news†by saying business appears to have bottomed......»»