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Airfares
April 13, 2022
Featured

Airlines are passing higher costs on with domestic ticket prices in March 20% higher than 2019 levels, and up 15% from February,

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Hospitality Employment
April 5, 2022
Featured

For every 10 jobs that exist in leisure and hospitality, there’s a job opening with hotel employment in the U.S. 20% below where it was pre-pandemic.

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Corporate Travel
March 29, 2022
Featured

Big corporate travel-management companies are hovering around 50% of 2019 booking levels, much of which is due to the lack of international travel.

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Credit Card Fees
March 8, 2022
Featured

U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees in 2021, more than double the amount in 2012.

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Extended Stay
February 23, 2022
Featured

For 2021, extended stay chains ran at an average occupancy of 73%, as other business-oriented hotels recovered much slower averaging less than 60% occupancy.

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Realty Income
February 18, 2022
Featured

Realty Income Corp. is making the real estate investment trust’s first foray into hotels and gaming with a $1.7 billion sale-leaseback deal for Wynn Resorts’ Encore Boston Harbor Resort Casino.

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BX Crown
February 14, 2022
Featured

Crown Resorts Ltd., one of Australia’s biggest casino operators, said it agreed to a $6.3 billion takeover by Blackstone Inc., following a roughly yearlong effort by the U.S. private-equity giant to acquire the company.

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Super Bowl Rates
February 8, 2022
Featured

For the Super Bowl, analysts anticipate near-record average daily room rates of $445. Occupancy is expected to reach 89% and REVPAR is forecast near $400 a night. If those projections prove accurate, Los Angeles would notch the second-highest average-daily room rates on record for Super Bowl host cities, after Miami in 2020.

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Business Travel
February 3, 2022
Featured

Occupancy rates and room revenue are likely to approach 2019 levels in 2022, but the outlook for ancillary revenue is less optimistic. Business travel is expected to remain down more than 20 percent for much of the year, and only 58 percent of meetings and events are expected to return.

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