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Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third
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April Va. hotel revenues down slightly from pre-pandemic
Lagging NoVa hotel market drives state numbers down
Published
Virginia hotel revenues in April were down 3.5% compared with pre-pandemic April 2019 revenues, largely due to the lagging Northern Virginia market, according to data released Wednesday by STR Inc.,
Va. CEOs expect increased sales despite shortages
In Q1 survey, 70% expect sales to increase in next six months
Published
About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by
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Va. hotels expect 28% drop in 2022 biz travel revenue
National revenues expected to be 23% below pre-pandemic levels
Published
Virginia hotel revenue from business travel this year is projected to be down 28.3% from pre-pandemic levels, or about $674 million less than the $2.39 billion the lodging industry took
Feb. statewide hotel revenues were 6.1% lower than 2019
Hampton Roads outperforms other markets with 18% increase
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February hotel revenues in Virginia were 6.1% lower than those recorded in February 2019, according to data released Monday by STR Inc., a division of CoStar Group Inc. that provides
Va. hotel revenues down 6.5% from Jan. 2019
Hampton Roads market continues to see revenue above 2019
Published
Virginia hotel revenues in January were 6.5% below January 2019 levels, according to data released Monday by STR Inc., a CoStar Group division that provides market data on the U.S.
VEC reduces backlog by 89%
Backlog of separation claims down to to 27,728 from 246,273
Published
The Virginia Employment Commission has decreased its backlog by nearly 89%, Gov. Glenn Youngkin announced Monday. The VEC reduced the backlog of employment separation reports from 246,273 to 27,728 and
Va. CEOs expect sales to increase despite omicron effects
59% of Va. CEOs surveyed expect sales to increase in the next six months
Published
About 84% of CEOs reported an impact on their businesses from the omicron variant of COVID-19, but almost 60% expect sales to increase over the next six months, according to
Va. job openings, number of hires rebound from October 2021
Virginia had largest decrease among states for both measures in October 2021
Published
Virginia had 301,000 job openings in November, a small rebound from October 2021, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released
New Va. unemployment claims down 32%
New claims dropped under 2,000, but continued claims rose 480
Published
Virginia’s new unemployment claims declined by almost 32%, the Virginia Employment Commission reported Thursday. For the filing week ending Jan. 22, Virginians filed 1,940 initial claims, down 909 from the