STR: U.S. hotel results for week ending 18 December

New York City experienced the steepest occupancy decline from 2019 (-12.4% to 73.4%) but reported the second-highest absolute occupancy level among the STR-defined U.S. markets.

• Occupancy: 53.8% (+7.7%)
• Average daily rate (ADR): US$121.87 (+11.6%)
• Revenue per available room (RevPAR): US$65.61 (+20.2%)

U.S. Travel & Tourism saw labor shortfall of almost 700,000 in 2021

WTTC reports that one in 13 jobs will likely remain unfilled in 2022.

Hotel Websites and ADA Compliance

There is a sharp increase in lawsuits and threats to businesses regarding ADA accessibility information on their websites.

How to finance hotels in the post-COVID era

The COVID-19 pandemic has affected what kind of financing hoteliers can secure for their projects and how they can get that financing. In 2021 the availability of capital has improved, the panelists indicated. However the type of asset, location, and cash flows determines the type of loan and the amount of money a borrower can obtain.

Five trends that shaped real estate in 2021

• Hybrid working takes off
• Sustainability risks got real
• Real estate moves deeper into the digital age
• City centres have proved resilient
• No longer so alternative