25 SEPTEMBER 2020
Overall hotel profitability was positive for the second consecutive month, according to STR’s August P&L report.
BROOMFIELD, Colorado—Improvements in U.S. hotel profitability metrics slowed in August, according to STR‘s latest monthly P&L data release.
In a year-over-year comparison with August 2019, the industry reported the following:
• GOPPAR: -91.3% to US$6.90
• TRevPAR: -74.5% to US$55.72
• EBITDA PAR: -112.1% to US$-6.96
• LPAR (Labor Costs): -64.4% to US$27.19
“Overall profitability (GOPPAR) remained in positive territory for a second straight month, but the incremental improvements we had seen over the previous two months slowed,” said Raquel Ortiz, STR’s assistant director of financial performance. “Even though August produced the industry’s lowest year-over-year demand decline since March, revenue was stagnant. TRevPAR for full-service hotels was only 25% of what it was last August, while limited-service properties came in at 38% of last year’s value.”
This slow cooker apple butter could not be easier. I got the inspiration and the itch to make some apple butter from seeing so many of my foodie friends making it once fall arrived. So I started scouring the internet and Pinterest for apple butter ideas and quickly decided to take matters into my own hands.
My biggest problem with most apple butter recipes is that they are LOADED with sugar. If you use the right kind of apple, you really don’t need any sugar at all. I went with some local Empire apples that have just the right balance of sweet and tart. I used maple syrup to add just a bit of sweetness — still a fraction of the amounts most recipes call for. That and a few cinnamon sticks and you are on your
Even as hotels confront the new reality of a pandemic that has stifled tourism, San Diego County’s most iconic property, the Hotel Del Coronado, is not slowing its years-long renovation that is expected to cost $400 million.
The latest phase of the project to make its debut encompasses an expansive rooftop bar and restaurant overlooking the hotel pool and beachfront, an updated pool area, and a complete redo of its 97 cabana guestrooms, some of which directly face the ocean.
The ongoing $400 million renovation, billed as the most costly upgrade since the hotel opened in 1888, got under way in early 2019, and a significant portion of it is expected to be completed by April . While all the resort changes envisioned as part of the hotel’s original master
A week after wildfires began consuming thousands of acres in western Oregon, firefighters are making progress on some of the most destructive blazes in state history. State officials said Monday that 10 people have died, though that number was higher than the totals released by county officials, and 22 are still missing. Countless homes and businesses have been scorched.
Much of the state remains under an air quality alert that has been extended until noon on Thursday, as winds forecasters were expecting didn’t materialize.
Rebecca Muessle with the National Weather Service’s Portland office said that the thick smoke blanketing the west coast has made winds harder to predict, since they’ve stopped the warming afternoon temperatures that can create windy conditions.
“We do have a system moving in this afternoon into tomorrow,” Muessle said. “We could see some slight improvements, but realistically we’re not expecting enough that would really improve air