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Originally seen HERE. Earlier this year, Chatham Lodging Trust purchased this 132-room Residence Inn hotel in Austin, Texas. With the state's economy fully reopened and the hotel's proximity to The Domain mixed-use development, there are some external factors working to boost occupancy. By David Vincent, investment products specialist, Cadre Asset selection in the hospitality Continue Reading about Select Assets Can Present Strong Opportunities for Hotel Investors

Originally seen HERE. It appears that the United States is emerging from the worst of the pandemic with a substantial portion of the population—including those whose leisure and livelihoods impact the hospitality industry—vaccinated and longing to get back to business and travel for pleasure. According to development executives interviewed by LODGING, some of the painful lessons Continue Reading about Post-Pandemic Developments: Building Back Better in the Face of Predictable and Unpredictable Fallout

Originally seen HERE. Throughout 2020 and 2021, the extended-stay segment of the hotel industry has proved to be both pandemic and recession-proof. According to a report from the Highland Group, overall extended-stay hotel demand rose 8.6 percent in Q1 of 2021, while overall U.S. hotel demand decreased 11.9 percent. Extended-stay occupancy has been lower in 2021 than any first quarter Continue Reading about Extended-stay leverages strengths for continued staying power

Originally seen HERE. Merck made a formal request for EUA approval from the FDA Monday for its COVID pill treatment, known as 'molnupiravir'. Merck MRK said Monday it has submitted a formal application to the Food & Drug Administration for emergency approval of its oral COVID treatment.  Merck said it's seeking Emergency Use Authorization for the pill, known as Continue Reading about Merck Applies For Emergency FDA Approval Of COVID Pill Treatment

Originally seen HERE. Canadian and Mexican Borders Slated To Welcome Travelers on Nov. 8 Hoteliers in U.S. markets that have traditionally been heavily reliant on land travel from Canada and Mexico are excited about plans to reopen the borders of those countries to tourists, but they still believe it's too early to say just how significant the resulting demand will be. President Continue Reading about US Hoteliers Optimistic as Borders Reopen for Non-Essential Travel

Originally seen HERE. Optimistic signs of return and tangible recovery in the business travel sector could be seen over the past month. In the latest poll from The Global Business Travel Association (GBTA), half (52%) of industry respondents reported more optimism compared to September. October also saw an increase to 66% of those polled who said their companies are allowing Continue Reading about GBTA: New international border openings set to accelerate business travel

Originally seen here.U.S. group meetings volume in October increased 30.4% over September’s figure, according to data from Knowland, a provider of data-as-a-service insights on meetings and events for hospitality. Average attendees per event remains stronger than 2019 for the second month in a row. Additionally, average space used was still higher than 2019, however, the gap between these Continue Reading about Knowland: October U.S. meetings volume rises 30.4% over September