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Barkin: Raising interest rates is correct course
Inflation remains high, banks seem stable, Richmond Fed chief says
As inflation remains high and the fallout from recent bank failures seems contained, the Federal Reserve Bank has good reason to continue raising interest rates, Federal Reserve Bank of Richmond President
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COVID challenges continue for Va. restaurants
Restaurant owners cope with rising costs, labor shortages
Published
Liz Kincaid faced a major problem in August after the walk-in refrigerator in one of her Richmond restaurants — Max’s on Broad — broke. Her usual supplier told her the
Virginia companies weigh office returns
Published
Many companies in Virginia are taking a flexible approach on whether employees must return to work in offices or continue working remotely or via hybrid models. For instance, Capital One
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Future shock
HR execs ponder post-COVID work world
Published
As companies across Virginia continue to adjust to workplace changes created by the COVID-19 pandemic, many human resources managers say one thing is clear: The way people work has changed
Statewide hotel revenues continue to lag 2019
Hampton Roads more than fully recovered
Published
Hotel revenues in Virginia for the first half of 2022 continued to lag behind 2019, and reduced business travel is still the culprit. That’s according to data released this week
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.,
Capital One to reopen offices in September
McLean company sets hybrid start date for third time
Published
McLean-based Capital One Financial Corp. will return to U.S. offices in a hybrid model on Sept. 6, CEO Richard Fairbank announced Wednesday. Capital One has delayed planned hybrid reopenings twice,
Bioscience firm to create 70 jobs in Prince William
Virongy Biosciences will invest $471,000 in expansion
Published
Manassas-based Virongy Biosciences Inc. will invest $471,000 to expand in Prince William County, creating 70 jobs, Gov. Glenn Youngkin announced Tuesday. The company relocated within Prince William County in February,
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
Published
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