Interview with Ken Mclaren, executive vice president, Interstate

 

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Chatham Lodging Trust, Park Hotels & Resorts and Summit Hotel Properties recently offered updates on how they are responding to the pandemic.

STR and Tourism Economics project revenue per available room will rise 63.1 percent in 2021.

The company expects the reductions—which include the elimination of 270 positions—will provide approximately $30 million in savings.