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!
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.