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Va. hotel revenues in February up 14.9% from 2019
Most markets more than recovered from pandemic
Hotel revenues in Virginia were 14.9% higher in February compared with pre-pandemic levels, largely because of increased room rates, according to data released Tuesday by STR Inc., a division of
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January Va. hotel revenues surpass 2019
Higher rates drive revenue growth for most markets
Published
Virginia hotel revenues in January were 14.9% higher than pre-pandemic levels, largely due to higher hotel room rates, according to data released Tuesday by STR Inc., a division of CoStar
Va. hotel revenues up slightly over 2019
NoVa continues to lag behind due to reduced biz travel
Published
Northern Virginia’s hotel market continues to be a drag on the lodging industry’s performance in the commonwealth as a whole, according to recently released data from STR Inc., a division
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Fifth District economy growth is moderate, Fed says
Rising fuel prices, labor and supply shortages limit growth
Published
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) continued to grow moderately despite supply chain issues, labor shortages and rising prices, according to
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