Monthly Archives: August 2021

Springwood’s Home2 Suites Hotels Feast on Hilton Awards

Once per quarter, Hilton announces awards for hotels in each brand that excel in the areas guests notice the most:

This quarter 40% of the award-winning Home2 Suites in North America were Springwood properties. We’re so proud of our amazing folks who make results like this happen for our guests every day!

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July 2021: Leisure Travel Roars Back

People are tired of lockdowns. It’s clear from looking at Springwood’s July 2021 room revenues among its hotels open a year or more on July 1, 2019. Looking at room revenue in that set:

  • Three quarters of these hotels posted July 2021 revenue better than that of July 2019
  • Every property in the set came in at 97% or more of setting a new July revenue record. One actually beat its previous July record.

What does this foretell for the future? We’re through making predictions until Covid-19 is vanquished, but our investors are certainly enjoying life at the moment.

Commercial travel is gradually recovering. If that continues (and if there are no further lockdowns), we look forward to a profitable few years ahead.

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