Industry News

Hospitality & Travel Industry News

 Disney World Reopening Select Hotels With Modifications in Place
(6/15/2020)
 
   
From Travel Pulse:

According to Orlando’s Spectrum News 13, the Walt Disney World Resort has revealed that it will reopen some of its hotel properties to guests and Vacation Club members, beginning June 22, 2020.

Reopening at limited capacity on June 22 are Disney’s Fort Wilderness Resort & Campground, and select Disney Vacation Club Deluxe Villa Resorts: Bay Lake Tower at Disney’s Contemporary Resort; Boulder Ridge Villas, and Copper Creek Villas & Cabins at Disney’s Wilderness Lodge; Disney’s Animal Kingdom Villas–Kidani Village, Disney’s Beach Club Villas; Disney’s BoardWalk Villas; Disney’s Old Key West Resort; Disney’s Polynesian Villas & Bungalows; Disney’s Riviera Resort; Disney’s Saratoga Springs Resort and The Villas at Disney’s Grand Floridian Resort.


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 A look at extended-stay performance during COVID-19
(6/15/2020)
 
   

From Hotel News Now:

Data repeatedly shows that the extended-stay segment weathers downturns and other challenges to the hotel industry better than other segments, and the coronavirus pandemic is no exception.

 

HENDERSONVILLE, Tennessee—The partial shutdown of the American economy has hit the U.S. hotel industry hard, and as many hotels closed temporarily, tens of thousands of service workers were furloughed or laid off. But one segment seemed to have weathered the ongoing storm better than many others: the extended-stay segment.

STR defines the extended-stay segment by grouping similar chains (so no independent properties) into an upper and a lower segment, delineated by year-end average daily rate. The sum of these two sub-segments then makes the Total U.S. Extended Stay segment. Because the brands cross chain scales, STR never separated the extended-stay segment out as its own scale by itself. The segment is part of our regular reporting and has, as of late, come into the spotlight. STR is the parent company of Hotel News Now.

For the entire story, click here. 


 US hotel demand growth strongest in beach, park markets
(6/15/2020)
 
   

From Hotel News Now:
Jan Freitag, STR’s SVP of lodging insights, dives into the latest weekly performance data for the U.S. hotel industry.

SALISBURY, Connecticut—The latest picture from weekly U.S. hotel performance data shows relative occupancy and rate strength in markets with outdoor demand drivers, such as beaches and national parks.

Average U.S. hotel revenue per available room for the week ending 6 June was down 65% year over year, which was slightly worse than the prior week (-62.1% year over year), but that difference is likely attributable to the Memorial Day comp, said Jan Freitag, STR’s SVP of lodging insights.

“We are now comparing ourselves back to a normal week, and so therefore RevPAR declines were a little worse,” he said.

Demand, however, continues to uptick, with 13.5 million rooms sold during the week ending 6 June. Much of that strength comes from U.S. markets such as Myrtle Beach, South Carolina, where weekend occupancy was 83.4%.

For the entire story, click here.