Back in 2020, the hotel industry lost 60% of all room revenue, said Carter Wilson, senior vice president of consulting and analytics at CoStar’s hospitality analytics firm STR. The next year, a strong recovery was fueled by transient and leisure demand, resulting in about 83% of that lost revenue being recaptured.
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While this year is off to a bit of a slow start with concerns over the omicron variant, inflation and labor supply, the U.S. hotel industry recovery is expected to accelerate, Wilson said. STR’s latest forecast calls for nominal average daily rate to fully recover by the end of the year and nominal revenue per available room to recover to 2019 levels next year.

​In January 2022, Allied Partners held its Annual Corporate Retreat in Scottsdale, Arizona.  What a great experience to get all the Project Managers together for 3 days of collaboration and connections.  We certainly look forward to more of these experiences as we continue to grow across the United States!

Tyler Florence’s new modern steakhouse Miller & Lux, is the latest addition to Thrive City, the retail development surrounding The Golden State Warrior’s Chase Center. The restaurant’s main dining room overlooks the San Francisco Bay and is a great catalyst for more retail locations to come. The neighborhood and Chase Center guests will be pleased to enjoy a steak and cocktail at this lavish establishment.

​With deep rooted history in the American West, Miller & Lux is the story of two passionate immigrants. Starting with a butcher shop in the 1850’s, founders Henry Miller and Charles Lux grew the business into one of the largest cattle ranchers in America, gaining the title as “The Cattle Kings of California”. Today, their legacy is well represented in a relaxed luxury setting that celebrates the good life.