Page 4 - Work Barometer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article - HVS Market Report - Philadelphia Hotel Market: Poised for Success - By Michael Lambdin and Scott Killheffer - Since the COVID-19 pandemic, Philadelphia's ADR has fully recovered, but occupancy and RevPAR remain below 2019 levels. The primary factor limiting the recovery is the stagnant commercial and group demand segments. However, leisure demand has increased, and the city is preparing to host several large events in the coming years, supporting a positive outlook.

In the summer of 2022, the 1.7 million square-foot office tower at 787 Seventh Avenue was less than 20% occupied by employees of such tenants as BNP...

Operator: Good day and thank you for standing by and welcome to the Wag! First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

As urban offices continue to empty out, great cities must embrace a shift from vocation to recreation.

The trend towards hybrid work has meant that face-to-face meetings have been widely supplanted by collaboration tools like Zoom, Teams and Slack.