Recovery

Bay Area hotel outlook brightens, recovery is years away

SAN JOSE — The battered hotel sector in the Bay Area remains years away from a full post-coronavirus recovery — but a significant rebound is expected to begin during 2021, lodging experts said Tuesday.

Hotels in Santa Clara County are expected to recover before their counterparts in the East Bay, while hotels in the San Francisco-San Mateo region face the longest recovery period of the three major lodging regions in the Bay Area, according to a report released by hotel analysts with CBRE, a commercial real estate firm.

Ongoing rollouts of vaccines to combat the coronavirus, along with federal stimulus

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Drivers on the Road to Recovery: Vaccinations, Vacations and Visitor Values

This Illustrative Example demonstrates how resort communities might characterize visitor types based on their Visitor Fit Factor.
Source: Insights Collective Think Tank

Listen to the accompanying podcast from Ralf Garrison and Insights Collective here

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Our first article in this Road to Recovery series established that vacation demand is strong. Seemingly everyone is thinking about vacation travel, and the Inntopia/DestiMetrics data shows that advanced bookings are strong, particularly for end-of-season visitation.

But COVID-19 and its variants also love to go traveling. They are spread by congregation and are full of surprises, and demand our respect and careful consideration. “Infections

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Discount Airlines Tap Stock Market as Investors Bet on Travel Recovery

As air travel shows more signs of rebounding from its pandemic lows, airlines that focus on offering cheap fares to leisure travelers are cashing in on the stock market.

Frontier Group Holdings Inc.’s initial public offering raised $570 million after shares of the Denver-based budget carrier were priced at $19 each. Sun Country Airlines Holdings Inc., which largely flies Midwesterners to sunny vacation locales, raised more than $250 million in its initial public offering in March.

U.S. airlines lost some $35 billion last year, and most are still losing money. But the stock-market offerings are a sign that investors are

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Frontier Airlines hopes IPO rides wave of travel recovery

Frontier Airlines is betting that the budding recovery in leisure travel is for real.

Shares of the discount carrier began public trading Thursday, edging lower in midday trading. The Denver-based airline and its private owners sought to raise $570 million before costs from the IPO after pricing 30 million shares at $19, the low end of a $19 to $21 target. The stock opened at $18.61, then bumped up to $19.06 before dipping back down to $18.54.

CEO Barry Biffle said Frontier will remain focused on the leisure-travel market, unlike bigger airlines that depend on high-paying business travelers.

“It’s not

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Frontier Airlines I.P.O. Signals a Travel Industry Recovery

“We just believe we’ve got more embedded growth, we’ve also got lower costs, and we believe we’ve got a great brand that positions us well in the low-fare space,” Mr. Biffle said.

The airline claims it is unique among low-cost airlines. While Spirit tends to serve more-crowded markets and Allegiant Air less-crowded ones, Frontier is more evenly distributed. The airline said it kept planes moving for more hours every day than most other major airlines and offers some flights only a few days a week, allowing it to serve smaller cities. In addition to Denver, Frontier has a big presence

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Virgin Hotels resort opening signals optimism for recovery

LAS VEGAS — Opening a new casino resort during a pandemic isn’t ideal, but Virgin Hotels Las Vegas may have found a sweet spot with the timing of its launch.

After delaying its opening twice, the off-Strip property opened Thursday.

Industry watchers say Las Vegas casino operators still face pandemic-related challenges, but the operating environment today is much better than where Las Vegas stood just weeks ago.

“The prospects for summer look increasingly positive — with vaccination levels increasing and plenty of pent-up demand from people looking to put the pandemic behind them,” Jonathan Day, an associate professor of hospitality

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