STR: Preliminary June Data For Beijing Hotels
Beijing’s hotel industry reported lower occupancy but higher room rates when compared with the month prior, according to preliminary June 2021 data from STR.
Press Releases
China: A Look Back and a Look Forward
After the outbreak of the epidemic in Guangdong at the end of May, the occupancy rates of the two major cities in Guangdong—Guangzhou, Shenzhen, and other parts of the province—have fallen to the bottom. As the center of this epidemic, Guangzhou hotels have been more severely affected. With the implementation of anti-epidemic measures and accelerated vaccination, the Guangzhou epidemic has gradually improved in mid-June. Not only has Fangcun been unblocked, high-risk areas have been downgraded, and the occupancy rate of Guangzhou hotels has also improved. In Shenzhen, affected by the new cases in the Bao’an District on 14 June, it may take some time to recover.
STR: Australia’s latest lockdowns curtail hotel bookings
Amid recent COVID-19 outbreaks and lockdowns, key markets in Australia are showing noticeably lower levels of occupancy on the books for the coming weeks, according to data from STR’s Forward STAR.
Easing Restrictions To Spur Demand In Indian Cities In 2021, Says GlobalData
From mid-June 2021 Indian states started easing COVID-19 induced lockdown in a cautious way to get back to normal. As a result, six major metropolitan areas are forecasted to grow by 9.7% in real terms in 2021 and unemployment rate set to decline by 0.9 percentage points over the last year, says GlobalData, a leading data and analytics company.
Horwath HTL Market Report: Australian Hotel Market Recovery from Covid-19
Despite Australia’s relative success in controlling the spread of COVID-19, the Australian hotel industry was hit hard by the onset of the global pandemic. However, its success in controlling the virus, together with a strong and large domestic travel market, has allowed for a positive return to growth in 2021.
STR: Preliminary May Data For Melbourne Hotels
Melbourne’s hotel industry reported lower performance levels compared with the month prior, according to preliminary May 2021 data from STR.
WTTC Research Reveals Travel & Tourism Sector’s Contribution To Japan’s GDP Dropped By $138 Billion In 2020
COVID-19 sparks a dramatic 37% fall in the sector’s contribution to GDPMore than 290,000 jobs lost, while many more remain protected by the expansion of the employment scheme However, the return of international travel this year could see GDP contribution rise sharply and jobs return
India Hotel Occupancy On A Continued Decline Amid Second COVID-19 Wave
After an improved start to 2021, India’s hotel occupancy has been on a rapid decline amid the second COVID-19 wave in the country, according to data from STR.
Horwath HTL Market Report: Bangkok & Phuket – Road to Recovery
The COVID-19 pandemic caught everyone by surprise. Many people are wondering when the Thailand hotel market will revive and how long it will take to return to normalcy.
WTTC Research Reveals Travel & Tourism Sector’s Contribution To The Philippine’s GDP Dropped By $37 Billion In 2020
COVID-19 sparks a dramatic 41.4% fall in the sector’s contribution to GDPMore than two million jobs lost in 2020 due to the effect of the pandemic on the sectorThe return of international travel this year could see GDP contribution rise by 48.5% and jobs recoveredReturn of international travel will provide a much-needed boost to its economy
Horwath HTL Market Report: China Hotel Market & Covid-19 Influence
In 2020, under the influence of COVID-19, Horwath HTL conducted a special Sentiment Survey on the Influence of the Novel Coronavirus Outbreak in February, June, September and December of 2020 and March of 2021.
WTTC Research Reveals Travel & Tourism Sector’s Contribution To South Korea’s GDP Dropped By $33.3 Billion In 2020
COVID-19 sparks a dramatic 45.5% collapse in the sector’s contribution to GDP84,000 jobs lost, while many more remain protected by the job retention schemeHowever, the return of international travel this year could see GDP contribution rise sharply and jobs returnWTTC recognises the government for its effectiveness in managing the crisis through the implementation of processes, policies, and protocols
COVID-19 second wave hinders economic recovery of Indian cities, says GlobalData
Economic activities in major Indian cities have been severely affected with the second wave of COVID-19 pandemic, which led to full or partial lockdowns across the country. Against this backdrop, the combined real GDP growth of nine major Indian cities has been revised downward to 9.28% in May 2021 from the earlier projection of 9.61% in January 2021, reveals GlobalData, a leading data and analytics company.
STR: Preliminary April Data For Sydney Hotels
Sydney's hotel industry reported its highest occupancy and revenue per available room (RevPAR) in 14 months, according to preliminary April 2021 data from STR.
Queensland Number One For Tourism Recovery
New statistics from Accor, the largest hotel operator in the Pacific, are showing that Queensland has recorded the fastest and most sustained rate of tourism recovery over the past year compared to all other States in Australia.
Japan’s Recovery From COVID-19 And What Lies Beyond
In January 2021, the Nikkei-225 Stock Average reached a peak not seen in 30 years, despite the third wave of COVID-19 cases. However, the real economy remains sluggish. As such, JLL Japan Research released the monthly Recovery Index – a comprehensive indicator to visualise how the socio-economic situation, which was hit hard during the pandemic, is recovering. The index shows that the momentum of the recovery are largely depending upon government measures.
2021 Chinese New Year Impact
One of the largest global celebrations each year is, undoubtably, Chinese New Year. Although the celebration this year (11-17 February 2021) felt different for the country, there was a noticeable impact around hotel performance.
Mumbai’s Rapid Hotel Recovery Faces Headwinds
Mumbai's rapid hotel performance recovery is projected to return to more moderate levels, according to a recent market forecast from STR and Tourism Economics.
STR: Preliminary March Data For Beijing Hotels
Beijing's hotel industry reported its highest room rates in 15 months, according to preliminary March 2021 data from STR.
Horwath HTL Market Report: Hangzhou, China: Hotel Market Overview
Hangzhou, the capital and the most populous city of Zhejiang, has been traditionally known as a tourism city for popular sights including West Lake and Lingyin Temple.