BBPM News

Pent-up demand in Q1 leads to improvement for RLJ Lodging Trust

Pent-up demand in Q1 leads to improvement for RLJ Lodging Trust

RLJ Lodging Trust, for the three months ended March 31, reported a net loss of $79.1 million. First-quarter RevPAR was $50.99, down 52.4% from Q1 2020. Occupancy for the quarter was 43%, a 29% decrease from the same period last year. However, rising demand led to the...

How Hotels Rebuild Traveler Trust in 2021

How Hotels Rebuild Traveler Trust in 2021

Following a brutal year for the hospitality industry, rebuilding guest trust is undoubtedly the top priority for hotels in 2021 and beyond. Even though hotel industry revenue is projected to increase in 2021 by an additional $25.9 billion, that remains 34% below...

US Meetings and Events Continue to Rise

US Meetings and Events Continue to Rise

March U.S. group meetings volume increased 42.5% over the previous month, according to data provided by Knowland. While corporate continues to lead the way from a segmentation perspective, there were multiple large sports tournaments, home shows, bridal expos and...

Marriott Pilots Contactless Kiosks

Marriott Pilots Contactless Kiosks

Marriott International, Inc. today announced the debut of a pilot program for contactless arrival kiosks at several select-service hotels, as well as the launch of a proof-of-concept for contactless grab-and-go marketplaces at two Fairfield by Marriott hotels. Both...

Tru by Hilton Arrives in Washington State

Tru by Hilton Arrives in Washington State

Tru by Hilton recently announced the opening of its latest hotel and the brand’s first location in Washington state: Tru by Hilton Spokane Valley. The 92-room hotel, which is located at 13509 E. Mansfield Ave., is owned by Spokane Valley-based GL8 Hospitality, LLC and...

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