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Hotel revenues continue to outpace 2019, but only slightly
Demand still lagging as prices increase
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of
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Statewide hotel revenues continue to lag 2019
Hampton Roads more than fully recovered
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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
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
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Va. economic growth will slow in 2022, ODU economists predict
Dragas Center's 2022 Annual Economic Forecast predicts slower GDP, job growth
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Virginia’s economy is likely to grow at a slightly slower pace in 2022 than it did last year, with the COVID-19 pandemic continuing to make future predictions murky, according to
Hotel revenues down 39% in February
Rooms sold declined 23%, ODU reports
Published
Virginia hotel revenues for February 2021 declined by 39% compared to February 2020, according to data released Thursday by STR Inc., a CoStar Group division that provides market data on