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Hotels See Big Jobs Jump in April But Labor Shortage Crisis Still Looms

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more A disappointing April jobs report in the U.S. is the latest reminder many businesses are staring down the upcoming peak summer travel season with nowhere near the staffing levels needed to accommodate demand. But hotels still have some reasons to celebrate, even as anxiety over that labor shortage in travel grows. The hotel industry added 54,000 jobs the biggest monthly gain since last September and hotel unemployment dropped to 13.8 percent from the 19.9 percent seen in March, the U.S. Bureau of Labor Statistics reported Friday. The U.S. overall added 266,000 jobs last month, well below economist expectations the number might eclipse 1 million.

Soho groups file lawsuit to block rezoning

Soho groups file lawsuit to block rezoning 05/03/2021 10:00 AM EDT Editor’s Note: Weekly New York Real Estate is a weekly version of POLITICO Pro’s daily New York Real Estate newsletter. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. Quick Fix The City Planning Commission is slated to move the proposed SoHo rezoning into the formal land use review process during a meeting today, as the de Blasio administration fights a new lawsuit from community groups seeking to block the plan.

NYC Hotels Won t Recover Until 2025, CBRE Predicts

The Plaza Hotel, St. Regis Hotel, and Waldorf Astoria (iStock) New York City hotels won’t be able to party like it’s 2019 until 2025. Occupancy rates in the city won’t recover to pre-pandemic levels until halfway through the decade, according to a new CBRE study reported by the Commercial Observer. The commercial brokerage firm expects revenue per available room to hit 2019 levels by 2024, with occupancy rates reaching 74 percent in 2022 and 86 percent in 2025. CBRE’s report predicts an average occupancy of 43 percent for hotels through June, an increase from last year’s 35 percent. The vaccination rollout and passage of $1.9 trillion of Covid relief will provide hotel owners with some reprieve in the meantime, according to CBRE senior hotel economist Bram Gallagher.

Kalibri Labs Webinar: Ahead of the Curve: State of the U S Recovery – Hospitality Net

Kalibri Labs Webinar: Ahead of the Curve: State of the U S Recovery – Hospitality Net
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

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