Copy
CHR & INDUSTRY INSIGHTS
New Publication!

In collaboration with Greenview, the CHR is proud to publish the 8th Annual Cornell Hotel Sustainability Benchmarking (CHSB) Index, the hotel industry’s largest annual data collection of energy, water, and carbon performance. Data from the most recent study shows that the average carbon footprint of a hotel stay decreased by 3% between 2018 and 2019, following a decrease of 10% between 2015 and 2018. 
Landmark gift establishes Cornell Peter and Stephanie Nolan School of Hotel Administration

A historic $50 million gift from Peter Nolan ’80, MBA ’82, and Stephanie Nolan ’84, announced at a campus event Sept. 17, will establish the Cornell Peter and Stephanie Nolan School of Hotel Administration and provide scholarship funding to expand educational access for future generations of hospitality business leaders.

Read more from the Cornell Chronicle >>
Want to OWN a hotel? 3 New Programs Help Women Become Hotel Owners

"Until now, the path to hotel ownership for women was quite daunting, as even up to 1988 in many places women needed a man to co-sign on a loan. Today women still only make up a minority of hospitality leadership and few are hotel owners. But that’s all changing thanks to three new programs on a mission to help women start building wealth through investing in hotels."

Read more from hertelier >>
CHR KEYNOTE WEBINARS
Register Now
Missed a live event? Watch recordings on demand.
Access all of our past events on demand from our new keynote webinar library. From real estate and finance to HR, entrepreneurship to food and beverage, technology to marketing, and cruise lines to airlines, our experts have covered it all.

Browse our keynote collection >>
INDUSTRY EVENTS
Next Level Commerce: Live!
September 29th, 10 a.m. ET


Join FreedomPay, Microsoft and the Center for Hospitality Research as they broadcast live from HITEC for a conversation led by TheCustomer about the challenges, opportunities, and emerging trends facing the Hospitality industry.

REGISTER NOW>>

 
How to Keep Frontline Workers Happy and Engaged Through Employee Communications and Recognition
September 28th, 1 p.m. ET

Featuring Andrada Paraschiv, VP of Hospitality at Beekeeper and Jason Lindstrom, CEO at Bucketlist Rewards.

REGISTER NOW>>
DATA INSIGHTS

US Hotel Demand from Europe-based Travelers
(Data Recency: September 21, 2021)

Even before the official announcement of the opening of the US borders to tourists, we’ve been seeing a dramatic uptick in hotel bookings from European travelers. The increase in booking volume over the past 3 weeks for Business was 6X and bookings for both Family and Non-Family (solos and couples) were up in the 5X range. While these are impressive increases, it’s important to note that demand is still significantly below the 2019 pace at -74%, but up over 16% vs. 2020. This heightened demand is likely to persist given travelers’ concerns over potential price increases and limited room availability as well as the ease with which they can cancel hotel bookings.

US Hotel Demand from Europe-based Travelers
(Data Recency: September 21, 2021)
Comparing the booking volume and search volume of the most popular destinations for European travelers reveals high consistency in the rankings. There are only two exceptions with Washington, D.C. making the booking top ten and not the search list and Denver with the reverse pattern. For the high-ranking booking destinations, Las Vegas and Honolulu have the best performance relative to 2019. The lower search activity compared to 2019 for these two destinations suggest travelers’ confidence in their choices and potentially stronger brand preference.
U.S. hotel occupancy jumped to a 4-week high of 63% during September 12-18. The 3-percentage point improvement from the prior 7-day period was helped by weekly group demand eclipsing one million for the first time since the start of the pandemic. Weekday occupancy also rose to a 4-week high of 58%, and occupancy in the Top 25 Markets advanced to 56%. Overall, 60% of hotels in the Top 25 Markets reported occupancy above 60%, which was again the most in 4 weeks.
Although more weekend-based than the comparable period in 2019, there was enough group demand to create a lowering effect on national average daily rate, which was up only slightly to $131.04. When indexed to 2019, the primary group hotel classes (upper upscale and luxury) reported much lower ADR as group rooms are often lower priced than transient. Overall, U.S. weekday ADR was down almost 2%, whereas weekend ADR rose 3%. 

CHR | Events | Membership
Advisory Board 

School of Hotel Administration, Cornell University
Centers & Institutes
149 Statler Hall
Ithaca, NY 14853

Sign up to receive this newsletter. 
Missed an issue? Check out our newsletter archive
Website
Email
LinkedIn
Facebook
Twitter
Instagram