Browsing by Author "Freitag, Jan"
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- 5 predictions for 2021Freitag, Jan (Hotel News Now, 2020-12-23)5 predictions regarding the trends of the hotel industry in 2021 are presented based on the STR data. 1.RevPAR will grow the strongest ever up to 30% for 2021, 2. ADR will not reach the figure of 2019 possibly. 3. Hotel rooms in construction will likely decline 4. Domestic group demand will recover in the next year eventually. 5.International arrival numbers will continue low due to the continued travel restriction.
- December Performance Levels Leave US Hotels Owners in Survival ModeFreitag, Jan (Hotel News Now, 2021-01-29)Unfortunately, the hotel industry does not look much different than it did at the start of the pandemic. Researchers report that owners are trying to stay alive and keep their teams employed. As COVID-19 cases rise within the U.S. many people are not traveling domestically as they had been during the summer months. Although the hotel pipeline is decreasing, data is indicating the luxury hotel market will start to pick back up within the coming months.
- How climate change could affect the hotel industryFreitag, Jan (2019-03-18)HENDERSONVILLE, Tennessee—Climate change is real, and will be real for decades to come. While efforts to increase sustainability measures are laudable—and countries and companies have made real efforts to decrease their carbon footprints—at this point, it’s all a bit too little and likely a bit too late. At least, these initiatives cannot be expected to reverse climate change immediately; at best case, there still could be some benefit over time...
- Kuala Lumpur hotel market looking for a revivalPalmqvist, Jesper; Freitag, Jan (HNN, 2019-03-19)If Kuala Lumpur is to improve performance for brands and owners, as well as attract more hotel development for the future, something needs to happen.
- A look at total room inventory vs. Standard occupancyFreitag, Jan (2020-08-28)This article introduces a new room inventory methodology(Total Room Inventory) which is using the number of total rooms in the country/market/submarket versus the lower, the standard room count that excludes temporarily closed rooms. Compared two indexes, Standard occupancy allows to count more accurately but the other gives you a broader picture for your room supply. Both are correct mathematically. You just choose what you want to know based on where you stand for - operators or investor.
- Presenting the Bear Case for the US Hotel IndustryFreitag, Jan (CoStar, 2021-04-07)Although all trends are pointing towards a steady, yet long recovery to pre-pandemic numbers, STR has outlined varying factors that could push the hotel industry back in trajectory. Notably, STR details the new wave of virus variants, difficulty in widespread vaccinations, successful telecommuting, supply chain, and the opportunity for travelers to stay in accommodations other than hotels. However, STR determined that children back in school non-remotely, labor shortages, and a higher unemployment rate are additional factors that could stall the recovery of the hotel industry. Many of these trends remain un-surprising to experts, however, the industry remains optimistic when looking at how far it has come in just a short year since the start of the pandemic.
- US hotels post better RevPAR for AugustFreitag, Jan (2020-09-25)The author analyzes the STR report of August, saying that the overall performance is slightly better since leisure customers became more comfortable to travel in the month with better RevPAR and ADR. However, he said that we cannot be too optimistic for the upcoming month because group guests(Mostly the business traveler) are not allowed to travel yet from their bosses.
- US RevPar decline grows in OctoberFreitag, Jan (Hotel News Now, 2020-11-25)Although STR reported the U.S. RevPar declining in October, their 2021 forecast has improved with the onset of post Labor Day travel. Additionally, group demand is making a slow comeback with the influx of educational, military, and social groups traveling. Luxury properties also remain the main factor in the industry's developmental pipeline.