U.S. Holiday Date Shifts Affect School-Break Calendars, Hotel Leisure Demand

The 2019-20 School Break Report from STR shows notable shifts in school calendar dates and subsequent periods of high hotel leisure demand, with weather and variability across school districts playing a role in peak family vacation periods.

Exports From International Tourism Hit USD 1.7 Trillion

Exports generated by international tourism reached USD 1.7 trillion in 2018, a 4% increase in real terms over the previous year, a new report from the World Tourism Organization (UNWTO) shows. For the seventh year in a row, tourism exports grew faster than merchandise exports (+3%), reflecting solid demand for international travel in a generally robust economic environment.

Horwath Market Report - Denver Downtown RiNo District - By William Kottenstette

Downtown Denver’s newly developing RiNo District/Neighborhood is positioning itself as the next great opportunity in the Denver area. With all the commercial and entertainment related development recently completed, or anticipated to be completed in the near-to-mid-term, the opportunity for successful hotel development to follow is considerable.

U.S. Unemployment Rate in May Remains At 3.6%

Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent. Employment continued to trend up in professional and business services and in health care.

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