Hotel Industry: 8/30-9/05 Hotel Weekly Review Nationally, hotel occupancy was down 17.1% compared to 2019 this week. Atlanta was 12th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-21.1%), down from last week’s ranking of 10th out of 25. With the arrival of Labor Day weekend, Atlanta […]
Hotel Industry: 8/23-8/29 Hotel Weekly Update Nationally, hotel occupancy was down 23.2% compared to 2019 this week. Atlanta was 10th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-34.1%), down from last week’s ranking of 5th out of 25. With Atlanta hotel occupancy being driven by conventions, […]
Hotel Industry: 8/16-8/22 Hotel Weekly Update Nationally, hotel occupancy was down 30.3% compared to 2019 this week. Atlanta was 5th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-29.7%), down from last week’s ranking of 4th out of 25. Nationally, small metro/town and interstate hotels saw large […]
Hotel Industry: 8/09-8/15 Hotel Weekly Update Nationally, hotel occupancy was down 30% compared to 2019 this week. Atlanta was 3rd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-28.2%), up from last week’s ranking of 4th out of 25. Small Metro/Town (57.5%), Interstate (53.9%), and Suburban (52.4%) […]
Georgia’s August gross sales and use collections grew +5.6% YoY. 6 industries posted negative growth this month. The top 3 industries that experienced the most sales tax growth YoY this month are other retail (+24.68%), auto (+19.69%), and other services (+8.26%).
Nationally, hotel occupancy was down 34.5% compared to 2019 this week. Atlanta was 4th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-28.4%). Small Metro/Town (55.8%), Interstate (53.6%), and Suburban (50.8%) hotels continue to be the best performing hotels in terms of occupancy for 2020.
Georgia’s July gross sales and use collections grew +6.9% YoY, the highest growth in collections in 2020. Only 4 industries posted negative growth this month: accommodation (-48.33%), home furnishings (-14.06%), utilities (-7.47%), and wholesale (-7.38%). The top 3 industries that experienced the most sales tax growth YoY this month are other retail (+33.83%), auto (+23.86%), and construction (+18.18%).
Atlanta hotel occupancy was down 33.3% compared to 2019 this week. Delta’s CEO, Ed Bastian, said business travel may lag for 12 to 18 months during Delta’s most recent earnings call. For hotels classified as conference centers, upper-upscale, and luxury hotels this will prove to be a huge blow to occupancy, and with these segments experiencing a slow recovery, the hotels must find creative ways to book rooms.
Hotel Industry: 7/12-7/18 Hotel Weekly Update Nationally, hotel occupancy was down 38.9% compared to 2019 this week. Atlanta was 3rd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-34.8%), up from last week’s ranking of 5th out of 25. Hotel marketing campaigns are leaning into nostalgia, invoking […]
Hotel Industry: 7/05-7/11 Hotel Weekly Update Nationally, hotel occupancy was down 38% compared to 2019 this week. Atlanta was 5th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-37.8%), down from last week’s ranking of 4th out of 25. Small town & interstate hotels continue to have […]
Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.
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