The hotel and lodging industry is making a $5 million commitment to reverse patterns of discrimination and exclusion. The five-year plan from the American Hotel & Lodging Foundation aims to increase diversity in the industry.

Las Vegas Sands Corp. said it has agreed to sell its Las Vegas properties, including the Venetian Resort Las Vegas and the Sands Expo and Convention Center, for about $6.25 billion as it looks to reinvest in its core Asia operations.

The city of San Diego paid $106 million in late 2020 for two hotels to house the homeless — $67 million for the 192-key Residence Inn Mission Valley and $39.5 million for the 144-key Kearny Mesa Residence Inn.

A study of more than 5,000 hotels across the U.S. has found that 64% of the country’s hotel workers currently earn less than the Biden administration proposed new federal minimum wage of $15 an hour.

Marriott International Inc. ended 2020 with a loss of $267 million—its first annual loss since 2009—as the company absorbed the effects of the downturn in global travel during a pandemic that emptied most of its rooms last March and continues to sap demand.

The 85-room Four Seasons Resort in Napa is expected to sell for $170 million, a near-record of $2 million per key. Demand for the adjoining 21 residences for sale was also strong and all units are in contract.

The Baird/STR Hotel Stock Index was down 8.2% in January.

The percentage of U.S. online hotel bookings through hotel websites rose one percentage point last year to 49%, while OTA share fell to 51%.

The total active pipeline count is decelerating and is now below where it was a year ago, down 3% as compared to Q4 2019.

The U.S. hotel industry reported all-time lows in occupancy and revenue per available room in 2020 with year-over-year declines the worst on record across the three key performance metrics. Occupancy averaged 44 percent, down 33.3 percent from 2019; average daily rate was $103.25, down 21.3 percent; and revenue per available room was $45.48, down 47.5 percent.