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STR DataShifts in Demand Mix Help Higher-End Hotels Maintain RateThe easy explanation might be that hoteliers with luxury and upper-upscale hotels learned the lesson that dropping rates doesn t necessarily speed up recovery. However, the data suggests other factors were at play.
When It Comes to the Pandemic, Hotel Executives Agree They Were WrongThe moderator said he would be kind by not naming names, but one year into the pandemic, an online panel of leaders in the hotel industry all had to admit one thing: No one realize.
One Year Later, Hoteliers Expect Elevated Disinfecting Efforts To Stick AroundAt the onset of the COVID-19 pandemic, hotel brands rolled out elevated protocols for disinfecting public spaces and guestrooms. Now, a year later, most of these guidelines are still in place and will remain long term. ....

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Dallas hotel owner Ashford Hospitality under pressure to overhaul board from activist investor Cygnus


Dallas hotel owner Ashford Hospitality under pressure to overhaul board from activist investor Cygnus
Cygnus, which owns 2.8% of Ashford’s common stock, excoriated the company for its alleged mistreatment of stockholders.
Ashford Hospitality Trust owns 103 properties, including the W and Ritz-Carlton in Atlanta.(Ashford Hospitality)
atop a real estate investment trust led by Dallas hotelier Monty Bennett.
Cygnus, in a letter Tuesday to shareholders of Ashford Hospitality Trust, said it is backing a slate of five “highly qualified” candidates for seats on the trust’s executive board. Cygnus alleged the company’s eight-member board has been structured in a way that allows Bennett, the company’s founder and chairman, and his allies “to prioritize their interests above all else.” ....

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