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 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.
In a letter to the incoming administration, the American Hotel & Lodging Association wrote that hoteliers across the U.S. are offering up their properties as possible COVID-19 vaccination sites.
Airbnb announced that it will cancel reservations in the Washington, D.C., metro area during the week of President-elect Joe Biden’s inauguration and will also prevent any new reservations from being booked during that time.
Marriott International said they would pause donations to Republican lawmakers who objected to President-elect Joe Biden’s Electoral College win.
Wyndham Destinations is buying the Travel + Leisure publication from Meredith Corp. for $100 million. In addition to its eponymous magazine, the combined company would have 18 resort, travel-club and lifestyle-travel brands. Wyndham Destinations, which spun off Wyndham Hotels & Resorts Inc. in 2018, plans to change its name to Travel + Leisure Co. and trade under the ticker symbol “TNL”.
Although the FTSE Nareit Equity Lodging/Resorts Index surged in November following news of successful vaccine trials, it was still down 25% in 2020.