In this special edition of the Suite Spot, we sit down with Senior Vice President of Lodging Insights at STR, Jan Freitag. Jan and his team at STR have been hard at work collecting and analyzing hotel data across the globe during the COVID-19 pandemic. Jan and Ryan take a look at how the COVID-19 crisis compares to past industry crises and how to look for clues in other global markets to predict what we might see moving forward in the U.S. hotel industry. Jan also shares what recovery signs hoteliers should keep an eye out for to signal the return of leisure transient travel, corporate business travel, and group travel. Jan also discusses what he calls a “high touch to high tech” evolution that will be the new normal in a post-COVID-19 hotel world. For more information and insights from the STR team, visit their COVID-19 resource center at STR.com. To submit a question for future episodes, call or text 407-984-7455. Suite Spot Podcast · 51 - COVID Hotel Industry Trends With Jan Freitag Episode Transcript Our podcast is produced as an audio resource. Transcripts are generated using speech recognition software and human editing and may contain errors. Before republishing quotes, we ask that you reference the audio. Ryan Embree: Welcome to the Suite Spot where hoteliers check in and we check out what's trending in hotel marketing. I'm your host, Ryan Embree. Hello, everyone, welcome to another episode of the Suite Spot: episode number 51. This is your host Ryan Embree coming to you, once again, live from my Orlando, home office. We've got an amazing episode for you today. I am super excited for the special guest that we have coming on the Suite Spot with us. He has been a voice that a lot of you have probably been listening to throughout this whole pandemic, COVID-19 situation. And that is Senior Vice President of Lodging Insights at STR, Jan Freitag. So I'm going to have Jan with me on today and we are going to talk data from STR, recovery, and cover all of those good topics. Alright Jan, thank you again so much for joining us. Let's go ahead and jump right into it. Jan Freitag: Yeah, thanks for having me. Ryan Embree: You know in your position as Senior Vice President of Lodging Insights at STR your team is really uniquely positioned to identify trends in global hospitality markets. You know, I'm wondering with the data almost changing day by day, how is your team navigating the challenge of COVID-19, which again has really provided a significant disruption to original forecast for this year and beyond? Jan Freitag: So it is true the data is changing day by day, by now we can luckily say that the data is getting less bad. So we sort of peaked, if you want to use that word, or troughed out at the bottom the week of April the 11th and ever since then, our week of demand data in the United States has steadily improved bit by bit by bit specifically on the weekends. We've seen occupancies actually increasing week over week over week, which is a nice thing to see. We're navigating this just like everybody else. We're reporting the data. We ask our clients to trust the data. We are making the best of the data and trying to point out where things are really hurting and where things are getting a little bit better, you know. And STR as a company, it's nice to see that our Beijing office is actually back in the office, but all the other offices are still working from home globally. Ryan Embree: That is awesome to hear and we are constantly looking for any of those signals of good news. So even something as small as people coming back into the office, that is a good signal for our industry. You know, in difficult times like this, we sometimes try to find comparisons from the past to help us understand where we're going through and, you know, maybe give us that hope moving forward. Now in your webinars Jan, you mentioned prior challenging times 9/11 and the great recession 2008.