BBPM News

The Positive Signs of Hotel Lending Recovery

The Positive Signs of Hotel Lending Recovery

Hotels and the hospitality industry have suffered significantly during the pandemic, with lockdowns and health concerns across the world halting prospective travel. However, at the midway point of 2021, there are signs that financing will rebound for hotel assets...

Leisure Travel Is Back; When Will Business Travel Return?

Leisure Travel Is Back; When Will Business Travel Return?

Masks coming off and markets reopening are creating much cause for celebration this spring. In the U.S., STR — CoStar Group's hospitality analytics firm — reported April hotel room demand at the highest level since the start of the pandemic with most of this demand...

HB ON THE SCENE: Recovery and the path to get there the focus at Hunter

HB ON THE SCENE: Recovery and the path to get there the focus at Hunter

Day two of the Hunter Hotel Investment Conference at the Atlanta Marriott Marquis focused on the recovery and the path that got the industry to this point. After a COVID screening and temperature check at the CLEAR kiosks, attendees entered the ballroom for the first...

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...

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