All eyes are on the spreading coronvirus, COVID-19. Here you can follow the development and the impact of the coronavirus on the Hospitality Industry. Visit the WHO | World Health Organization for more information about the virus.
You are currently browsing a filtered list, click here for all content.
Improvements in U.S. hotel profitability metrics slowed in August, according to STR's latest monthly P&L data release. In a year-over-year comparison with August 2019, the industry reported the follo.
Hoteliers outside the U.S. have cause for muffled celebration: Europe, Asia-Pacific and the Middle East all showed positive gross operating profit per available room (GOPPAR) in August. The U.S. now becomes the only region that has yet to turn a positive month of profit since the COVID-19 pandemic took hold.
MMGY Myriad, a leader in international destination marketing, and Travel Market Report, a news publication that serves as the voice of travel advisors in North America, have released the latest findings of the Travel Advisors COVID-19 Sentiment Barometer (Wave III).
The Central/South America hotel industry reported slight improvement over the previous month, but low overall performance, according to August 2020 data from STR.U.S. dollar constant currency, August 2020 vs.
Historically the lodging industry has proved to be one of the most resilient industries in the world and there is no reason why the industry cannot recover from the COVID-19 shock. As one of the real estate sectors most dependent on individual mobility, travel restrictions and government-mandated lockdowns induced a dramatic decline in hotel occupancies across the world with performance hovering near 10% or even lower for the month of April.
The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels, according to August 2020 data from STR.
Hotels in both the Middle East and Africa showed continued improvements but overall low performance, according to August 2020 data from STR.
Europe's hotel industry reported its best performance levels since February, according to August 2020 data from STR.Euro constant currency, August 2020 vs. August 2019
The latest edition of Duetto's Pulse Report, which tracks key hotel business metrics from August 24 - September 6, shows significant increases in performance for the hotel markets of North America, boosted by the Labor Day holiday weekend.
Fueled by leisure travel, week-over-week U.S. hotel occupancy trended upward for 13 consecutive weeks—from a record-low of 21% the week ended April 11 to a high of 50% for the week ended August 15. However, as school vacations ended, U.
Follow the coronavirus developments, sign up for the Hospitality Net 360 Newsletter and get the latest stories delivered right to your inbox.
Few industries have suffered more from the COVID-19 than hospitality and tourism, and China's hotel sector has many lessons to learn. In a thought-provoking exploratory study published recently, Dr Fei Hao, Dr Qu Xiao and Dean Kaye Chon of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University cast light on the fundamental impact of COVID-19 on the sector, and propose strategies for Chinese hotel firms to overcome their current difficulties and emerge ever stronger.
MMGY Global has announced the latest findings from MMGY Travel Intelligence's Travel Intentions Pulse Survey Wave VIII (TIPS) and MMGY Global's Travel Safety Barometer, which are designed to track how COVID-19 is impacting travelers' attitudes, perceptions, and behaviors.
Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in Europe as well as our latest forecast updates.
International tourist arrivals plunged 93% in June when compared to 2019, with the latest data from the World Tourism Organization showing the severe impact COVID-19 has had on the sector. According to the new issue of the World Tourism Barometer from the United Nations specialized agency, international tourist arrivals dropped by 65% during the first half of the year.
2019 had been one of the strongest performing years for the Indian hotel market in the past decade, uplifting hopes for even better performance in 2020. However, 2020 has been the toughest year in living memory and unfortunately looks to carry on the negative trend for the rest of the year due to the global pandemic.
Even as the COVID-19 pandemic continues to disrupt a return to workplaces, schools and sports arenas across the country, travelers report an increasing sense of safety with most types of travel activities in the most recent MMGY Travel Safety Barometer report.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 30 August through 5 September, is linked below.Key highlights:
Phuket's hotel industry is reaching breaking point and drastic economic support from the government is needed for it to survive the high season, urge industry leaders. In the wake of the controversial "Phuket Model" international travel reopening scheme, reality is biting back as hotels in Thailand's leading resort island are unable to sustain operating viability based on domestic tourism.
Horwath HTL Italy conducted this survey in collaboration with the Italian Hotel Association to evaluate the current and medium-term impacts of Covid-19 on the Italian hospitality industry. In general, it is commonly expected a heavy drop of performances in the first semester of 2020 compared to 2019, with more than 49% of respondents expecting a decrease of more than 80% of Total Revenues.
Despite the coronavirus pandemic, the German hotel sector is still expanding. This positive business climate was revealed in a survey carried out in the course of May and June by internationally-active property consultancy Cushman & Wakefield.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 23-29 August, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 24-30 August, is linked below.Key highlights:
Click here for full overview
The American Hotel & Lodging Association (AHLA) today released an analysis on the economic and human struggle of the hotel industry six months into the COVID-19 pandemic, with millions of employees still furloughed or laid off and travel demand lagging far behind normal levels.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 16-22 August, is linked below.Key highlights:
The travel industry is gradually moving again, but predicting travel demand is challenging in a rapidly changing environment. For now, self-quarantine measures required when traveling from high risk areas continue to keep most would-be travelers homebound.
The world continues to deal with a pandemic that doesn't want to subside. The hotel industry could use some breathing space. months of profitability, with Asia-Pacific the exception, after two consecutive months of positive gross operating profit per available room (GOPPAR).
Our goal is to provide essential data to the industry at a critical time to enable a comprehensive look into the impact of the pandemic with a focus on looking ahead toward the recovery. By understanding how the pandemic has impacted a market, industry leaders can begin to understand the drivers of the recovery in that market.
Philadelphia short-term rental properties showed double-digit performance improvements from June to July, according to STR.
The tourism industry has been rapidly transforming and adapting as travel seasonality and consumer trip-planning behavior have changed due to the COVID-19 pandemic. MMGY Global - the world's leading integrated marketing company specializing in travel, tourism and hospitality - has identified an opportunity to help bolster the travel industry and help Americans get back lost vacation time with "Stretch Season," extending the traditional summer travel season well past Labor Day into fall.
The Central/South America hotel industry reported slight improvement month over month, but low overall performance, according to July 2020 data from STR.U.S. dollar constant currency, July 2020 vs. J.
Reflecting reopening around the continent, Europe's hotel industry reported improved but low performance, according to July 2020 data from STR.Euro constant currency, July 2020 vs. July 2019
Hotels in both the Middle East and Africa showed improved but low performance, according to July 2020 data from STR.
The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels during July 2020, according to data from STR.
A new in-depth data dashboard highlighting the recovery of travel demand across flights and hotels, as well as revealing the shifting intentions of travellers through online travel searches, has been launched by the World Travel & Tourism Council (WTTC).
The U.S. hotel industry showed slightly higher performance from the month prior, but at overall low levels during July 2020, according to data from STR.
Hotel demand had a pickup transitioning from July to August. This is particularly reflected in Rack/BAR, Promotion + Loyalty Member Rate and OTA occupancy. Concurrently, ADR has flattened in those same categories.
A new national report shows that the hotel industry is facing a historic wave of foreclosures as the COVID-19 pandemic continues to devastate small business hotel owners and its workforce. Since the beginning of the pandemic the hotel segment has faced a historic number of delinquencies and is the most heavily hit sector of the commercial mortgage-backed securities (CMBS) market.
Horwath HTL Croatia conducted a sentiment survey to monitor and assess the impact of the COVID-19 pandemic on the Croatian hotel industry.
- The ongoing impact of the COVID-19 pandemic will lead to a 29% decline in annual hotel occupancy over the next 12 months, resulting in a projected revenue loss for the industry of about $75 Billion in room revenue alone.
Total tourism & leisure industry M&A deals in Q2 2020 worth $387.67m were announced in the US, according to GlobalData's deals database.
As a newcomer to the group of developed markets, Poland faired well in comparison to the rest of the world economy elite countries. The Polish economy is considered steady with GDP during the second decade of 2000s consistently growing.
Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, according to the slightly downgraded STR and Tourism Economics forecast just released at the 2020 Hotel Data Conference.
Following the announcement of TUI's Q3 2020 results
Throughout the crisis we have continued to act responsibly, doing all we can to support our hotel colleagues and owners, and create a clean, safe stay experience that we know guests can trust. The teamwork, dedication and care that our colleagues and owners have shown to adapt our approach is central to meeting the evolving needs and expectations of guests, as well as the communities in which we operate.
Jeddah's hotel industry reported improved but low performance levels during July 2020, according to preliminary data from STR.
STR's preliminary July data for London hotels showed record-low occupancy.
Sydney showed slightly higher hotel performance in July 2020 but the same significant level of year-over-year declines, according to preliminary data from STR.
Following the release of Royal Caribbean Group's Q2 2020 results;
The Baird/STR Hotel Stock Index decreased 1.7% in July to a level of 3,010. Year to date through the first seven months of 2020, the stock index was down 42.9%.
Since the launch of The Hotelier PULSE Report series in April 2020, Guestcentric has surveyed hundreds of Hoteliers on key issues that remain top-of-mind since the start of the Covid-19 crisis, such as occupancy, ADR, financial recovery, Health & Safety, and redefining Sales & Marketing strategies for the future.
The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company, reported its Consolidated and Standalone financials for the first quarter ending June 30th, 2020.
The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, which reached 16.8 million in 2019, as it is yet another aspect that will elevate consumer angst and postpone recovery for neighboring Asian destinations, according to GlobalData, a leading data and analytics company.
The Mexican Market Report provides an insight of the current state of the Mexican economy, the tourism sector, and the evolution of variables that have a tangible influence on the hotel investment market amidst the COVID-19 pandemic.
The latest findings of the Travel Advisors COVID-19 Sentiment Barometer (Wave II), released in partnership by MMGY Myriad and Travel Market Report, indicate that travelers are being cautious about their international travel plans by booking with some of the longest windows advisors have ever seen.
Wyndham Destinations, Inc. (NYSE:WYND), the world's largest vacation ownership and exchange company, today reported second-quarter 2020 financial results for the three months ended June 30, 2020. Hig.
Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," or "the Company"), formerly known as Eldorado Resorts, Inc., today reported operating results for the second quarter ended June 30, 2020.
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today reported its results for the three and six months ended June 30, 2020.
Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its second quarter 2020 results. The following results reflect the material impact that the novel coronavirus ("COVID-19") pandemic had on Hilton's business.
July and August are two of Europe's most important months for hotels with travellers spread across the continent on summer holidays. However, it is no secret that summer looks much different this time around for Europe due to the global impact of the COVID-19 pandemic.
A new study by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals an increased preference for spontaneity among Italy's local travellers, a segment currently crucial to the country's accommodation industry as international travel continues to rebuild.
Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE: PK) today announced results for the second quarter ended June 30, 2020 and provides an operational update on COVID-19.
Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the second quarter ended June 30, 2020.
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported second-quarter 2020 financial results. Net loss attributable to Hyatt was $236 million, or $2.33 per diluted share, in the second quarter of 2020, compared to net income attributable to Hyatt of $86 million, or $0.
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: "The shock that our industry is experiencing is both violent and unprecedented. Against this backdrop, we have managed to limit the impact of the crisis: on our performance by taking immediate steps to protect our resources and, thanks to the Group recent years transformation and our sound financial structure; on our employees by implementing concrete and immediate support measures.
Occupancy has long been one of the key hotel performance metrics measured by STR. Reported on both a monthly and weekly basis, occupancy is easily calculated by dividing rooms sold (demand) by rooms available (supply), providing a straightforward representation of the percentage of rooms occupied during a given time period.
Total tourism & leisure industry M&A deals in Q2 2020 worth $3.64bn were announced globally, according to GlobalData's deals database.
Total tourism & leisure industry venture financing deals in Q2 2020 worth $1.09bn were announced globally, according to GlobalData's deals database.
New research by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals a growing enthusiasm for domestic travel among Mexicans and a heightened awareness of personal health.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 19-25 July, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 20-26 July, is linked below.Key highlights:
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Total tourism & leisure industry deals for Q2 2020 worth $8.34bn were announced globally, according to GlobalData's deals database.
Barcelona is well-known for its quality of life. Creativity, cosmopolitanism and innovation are values that are associated with the city and make it very attractive to live, work or visit. In Catalonia in 2019, there were 20,737,029 travellers and 58,222,342 overnight stays, of which 8,517,891 travellers and 21,371,417 overnight stays were in Barcelona city, 41% of the tourists visiting Catalonia are going to Barcelona city.
US spending into South America is forecast to drop by 44.4% between 2020 and 2021 as travel restrictions due to COVID-19 have stymied visitor flows. Having featured in the top ten international arrivals in all the five major economies across South America in 2019, the reduction of this source of market will be detrimental for the travel sector.
Due to the impact of the COVID-19 pandemic, the Canadian hotel industry reported all-time lows in the three key performance metrics during Q2 2020, according to data from STR.
While questions remain regarding the return of in-person learning in schools throughout the U.S., STR's annual School Break Report shows only modest shifts in academic calendars for the upcoming year.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 13-19 July, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 12-18 July, is linked below.Key highlights:
STR's latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.
The Central/South America hotel industry reported slight improvement in occupancy month over month, but lower room rates, according to June 2020 data from STR.U.S. dollar constant currency, June 2020 vs.
HENDERSONVILLE, Tennessee—STR data for 12-18 July 2020 shows a continued steady rise in Canadian hotel performance but the same significant level of year-over-year declines.
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 18 July showed slightly higher occupancy and room rates from the previous week, according to STR.
Reflecting early reopening around the continent, Europe's hotel industry reported improved performance from May but at an all-time low level for a June, according to data from STR.Euro constant currency, June 2020 vs.
Hotels in both the Middle East and Africa reported lower occupancy but improved room rates from the previous month, according to June 2020 data from STR.
Observations/Trends - 07/21/20
According to the latest results of MMGY Global's Travel Safety Barometer (Wave VI), which measures the impact of COVID-19 on traveler perceptions of safety, the current surge in cases of the virus across the U.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 5-11 July, is linked below.Key highlights:
As U.S. hotels adopt new safety protocols and evolve the experiences they will deliver, James Risoleo, CEO Host Hotels, and Bob Webster Vice Chairman & President, CBRE Hotels Institutional Group, discuss the sector's future.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 6-12 July, is linked below.Key highlights:
U.S. hotel performance data for the week ending 11 July showed mostly flat occupancy and lower room rates from the previous week, according to STR.5-11 July 2020 (percentage change from comparable we.
Tourism has been one of the most significantly hit industries by the emergence of global COVID-19 pandemic. With most airplanes still grounded, hotels slowly recovering, investments on a standby and travelling in general limited, destination marketeers and managers are nowadays experiencing some of the most challenging times in their careers.
With all that's been happening, it's so encouraging and hopeful to see a gradual uplift in bookings.
Melbourne showed slightly higher hotel performance in June 2020 but the same significant level of year-over-year declines, according to preliminary data from STR.Comparison with June 2019:
Dubai's hotel industry reported slightly improved but still relatively low performance levels, according to preliminary June data from STR. Compared with June 2019:
STR's preliminary data for London hotels showed record performance lows. Comparison with June 2019:
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 28 June through 4 July, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 29 June through 5 July, is linked below.Key highlights:
Hotels and destinations need to overcome the initial shock of the Covid-19 pandemic and it's repercussions, and quickly understand the new environment within which they will need to operate. An environment with almost zero bookings, a crashed demand, increased operational costs, health & safety protocols and procedures, closed borders, different sentiments amongst people, different needs and a shortened season that will most probably become less that 80 days and mostly domestic-oriented.
U.S. hotel performance data for the week ending 4 July showed a slight decline in occupancy from the previous week, according to STR.28 June through 4 July 2020 (percentage change from comparable wee.
The Baird/STR Hotel Stock Index fell 5.3% in June to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9%.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 21-27 June, is linked below.Key highlights:
As markets slowly begin to reopen and leisure demand picks up, specifically on weekends, it is important to look towards business-on-the-books data to see how these markets will perform in the coming weeks and months.
The COVID-19 pandemic has caused unprecedented challenges for global hospitality, with travel restrictions and lockdown measures forcing hotel closures and performance declines that exceed the levels witnessed during the global financial crisis and other challenging times for the industry.
COVID-19 and the ensuing global economic crisis have caused dramatic changes for the travel industry that may take years to fully resolve.
During a recent webinar on the impacts of COVID-19 on European hotels, STR Managing Director Robin Rossmann drew on his experience at Deloitte and shared with viewers an important practical application of benchmarking.
Nashville short-term rental properties showed significant improvement in May after the COVID-19 pandemic had led to down performance in April, according to STR.
April showers just may have been the thing hoteliers in the U.S. needed. Though May wasn't a full bouquet of flowers, green shoots certainly abounded.
Even with improving performance already underway, U.S. hotel demand will not return completely to pre-pandemic levels until 2023, according to the latest forecast revision from STR and Tourism Economics.
Like the rest of the world, the Middle East's hotel industry fell off the cliff in March and sunk deeper in April. But if May is any indication, its fortunes may slowly be turning, albeit still well off pre-COVID levels.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 15-21 June, is linked below.Key highlights:
MMGY Myriad, a leader in international destination marketing, and Travel Market Report, a news publication that serves as the voice of travel advisors in North America, have partnered on an industry tracking survey to monitor the impact of the COVID-19 pandemic on travel agencies.
A new survey conducted by Morning Consult commissioned by the American Hotel & Lodging Association (AHLA) found that while Americans remain hesitant about traveling, they overwhelmingly support efforts by Congress to help the travel industry recover including helping hotels keep their doors open and bring back employees, as well as incentivizing Americans to travel again.
It's baby steps back to profitability, but amid a pandemic, no bad news is good news. Though the global hospitality industry is still in critical condition, it appears to be coming off life support and moving to intensive care, given the extraordinary circumstances foisted by COVID-19.
Reflecting the impact of the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during May 2020, according to data from STR.U.S. dollar constant currency, May 2020 vs.
Reflecting the continued effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported monthly lows in the three key performance metrics during May 2020, according to data from STR.
Showing the continued impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during May 2020, according to data from STR.U.S. dollar constant currency, May 2020 vs.
Reflecting the continued impact of the COVID-19 pandemic, Europe's hotel industry reported performance lows during May 2020, according to data from STR.Euro constant currency, May 2020 vs. May 2019
As tourism slowly restarts in an increasing number of countries, the World Tourism Organization (UNWTO) has released new data measuring the impact of COVID-19 on the sector. UNWTO emphasizes the need for responsibility, safety and security as restrictions on travel are lifted.
Governments around the world have responded quickly and strongly to mitigate the impact of COVID-19 on their tourism sectors, new research from the World Tourism Organization (UNWTO) has found. As many destinations begin to ease restrictions on travel, the specialized United Nations agency has released its first Briefing Note on Tourism and COVID-19, illustrating efforts taken to safeguard jobs and lay the foundations for recovery.
Due to the impact of the COVID-19 pandemic, the U.S. hotel industry showed continued lower performance during May 2020, according to data from STR.
According to the new research, 80% of HSMAI members expect to see signs of hotel recovery in their primary markets by Q4 2020. Still, many acknowledge that hoteliers will need to significantly adapt their business models to capitalize on this according to a new series of eBooks released by Amadeus, an industry-leading provider of hospitality technology solutions, in partnership with global hospitality organizations, Hospitality Sales and Marketing Association International (HSMAI), the Institute of Hospitality (IoH) and the Hospitality Professionals Association (HOSPA).
MMGY Global has announced the findings from Wave 5 of its Travel Safety Barometer report, a sentiment tracking study that measures American travelers' perceptions of how safe it is to engage in specific travel behaviors on a scale of 0 (Extremely Unsafe) to 100 (Extremely Safe).
The 2020 edition of the Hotel Data Conference will feature a hybrid format and limited in-person attendance to accommodate for social distancing measures and travel challenges around the COVID-19 pandemic.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 1-7 June, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:
Key highlights: Drive-to destinations continued to show strong weekend performance, with Myrtle Beach, S.C., recording an 83.4% occupancy level. Economy class hotels reached a 50.3% occupancy level for the week, while the Upper Upscale class showed the lowest occupancy level among the classes (22.
The latest edition of our Pulse Report, which went live today, is showing us universally positive signs, with week on week increases in pick up for all four geographic regions we are tracking: North America, Latin America, EMEA and APAC.
Reflecting the ongoing impact of the COVID-19 pandemic, Sydney showed continued lower hotel performance in May 2020, according to preliminary data from STR.Comparison with May 2019:
Abu Dhabi's hotel industry reported improved but still relatively low performance levels, according to preliminary May data from STR. Compared with May 2019:
STR's preliminary data for Berlin hotels showed slight improvement from April but record lows for May. Comparison with May 2019:
Data by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals that minimal planning will go into the trips of the post-COVID hotel guest. The data stems from new indicators within the World Hotel Index, which show that hotel bookings globally have surpassed a third of 2019 levels - for stays as soon as this month.
There are signs, however tentative, that many markets are beginning to see the light at the end of the tunnel. For some markets that light may be an oncoming train, but let's not get side-tracked so early into the report.
The Baird/STR Hotel Stock Index rose 1.7% in May to a level of 3,232. Year to date through the first five months of 2020, the stock index was down 38.7%. "Hotel stocks were relatively flat in May, which reflected underperformance during the first part of the month but a sharp reversal in the back half of May as the broader re-opening trade gained momentum and stock prices recovered,"said Michael Bellisario, senior hotel research analyst and director at Baird.
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 25-31 May, is linked below.Key highlights:
The travel industry has endured many crises but very few were adequately prepared for a pandemic as devastating as COVID-19. What we are experiencing now is unlike anything that has gone before - this is a crisis everyone is learning to navigate in real time and the longer the lockdown and travel limitations go on, the louder the questions of 'what next?' reverberate through every business connected to tourism.
STR data for 24-30 May 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.
STR data ending with 30 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded previously.
By all accounts, the COVID-19 pandemic has wreaked near-term havoc on the U.S. economy in general and on the hospitality, tourism and leisure industries in particular. While the Fed Chairman and hotel industry leaders concur that there will be positive GDP growth in the third and fourth quarters of 2020, none believe we will get back to where we were quickly.
The UK hotel sector's traditionally strong domestic leisure demand bodes well for the sector's recovery once lockdown measures from COVID-19 are fully lifted, according to our latest report on the UK market.
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:
Prior to the outbreak of COVID-19 hitting the US, RevPAR growth had been decelerating, increasing just 0.7 percent in Q4 2019 and 0.9 percent for the year overall. Slightly stronger growth occurred in the first two months of this year, with RevPAR increasing 2.
STR data for 17-23 May 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.
U.S. hotel gross operating profit per available room fell 116.9% during April 2020, according to the latest monthly P&L data release from STR. In a year-over-year comparison with April 2019, the indu.
Magnuson Hotels, the fast-growing franchise alternative today reported its April occupancy (percentage of rooms sold in a hotel) surpassed the USA April average of 24.63% by 16.7%, as measured by STR (Smith Travel Research).
April was a month of virtually no business volume for Europe's hotels, as the coronavirus spread across the continent, prompting countries such as Spain, Italy and Russia to impose lockdowns in order to flatten the infection curve.
Middle East profit per available room turned negative in April, as the region continued to be battered by COVID-19. And while hotel performance data will continue to be anemic for the near-term, May could see the first buds of promise emerge, according to one industry leader in the region.
Asia-Pacific had to contend with round two of the coronavirus in April. A second wave of cases, in areas such as Singapore and Hong Kong, resulted in a new ramp up of containment measures. The result was a 124.
The adage "March winds and April showers bring forth May flowers" appropriately captures current U.S. hotel performance, which satisfied the features of the first two months and can only hope May turns up rosier.
Data by SiteMinder, the global hotel industry's leading guest acquisition platform, today reveals that global hotel bookings in May were more than double April's YoY volume. The SiteMinder World Hotel Index shows bookings rose 137% over the four weeks from 29 April to 27 May, from 10.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 18-24 May, is linked below.Key highlights:
STR data ending with 23 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded in April.
The vertiginous drop in global hotel revenue and profit performance depicted in March data, continued its free fall in April, marked by dramatic year-over-year decreases across the operating spectrum, according to data from HotStats.
Safety is top of mind for consumers as they look beyond the current shelter-in-place mandates toward a recovery period when they can resume traveling. What else are they looking for beyond safety? Wh.
Reflecting impact from the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during April 2020, according to data from STR.U.S. dollar constant currency, April 2020 vs.
Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR.
Reflecting the impact of the COVID-19 pandemic, Europe's hotel industry reported unprecedented performance lows during April 2020, according to data from STR.
Reflecting the effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported record lows in the three key performance metrics during April 2020, according to data from STR.
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:
Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in Europe.
In this week's video take on weekly performance data, STR SVP of Lodging Insights Jan Freitag started out by diving into the company's forecast downgrade for 2020.
After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation's hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022, according to the June 2020 edition of CBRE's Hotel Horizons forecast report.
The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 10-16 May 2020, according to data from STR.
Business confidence among New Zealand's hard-hit hotel sector is much bleaker than business confidence in general, according to a new survey. The New Zealand Hotel Market Sentiment Survey was undertaken by Horwath HTL and Tourism Industry Aotearoa to examine how the COVID-19 pandemic is affecting hoteliers’ outlook for the New Zealand hotel market in general and their hotel in particular.
The Second Australian Hotel Sentiment Survey reports the ongoing status of the accommodation sector, and seeks to highlight those factors underpinning current operational challenges. We have again gauged what outlook operators hold for performance levels into the immediate future, and probed what operational challenges and likely solutions that owners and operators of accommodations properties face.
Thailand was one of the first Asian countries to be hit with a COVID-19 case, and transmission has since spread to surpass the two-thousand range. The hotel industry has been severely affected and many hotels are closed temporarily for at least a month.
Kalibri Labs has released a Special Report evaluating U.S. hotel performance using unique length of stay and rate category metrics for March 2020, the first month of the COVID-19 pandemic, with comparisons to Full Year 2019.
MMGY Global announces the launch of its new Travel Safety Barometer, a sentiment tracking tool created for the travel and tourism industry to monitor American travelers' perceptions of how safe it is to engage in specific travel behaviors as the country embarks on its reopening and recovery efforts.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 11-17 May, with a look at April monthly data, is linked below..
Tennessee—The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021. Each percentage change was downgraded from a late-March forecast revision, which called for a 2020 RevPAR decrease of 50.
Since the beginning of the global pandemic by COVID-19, NH Hotel Group is implementing different measures and plans to adapt the business and ensure its sustainability, with the aim of minimizing costs during hotel closures, preserving liquidity to meet operational needs in the coming months and ensuring that the reactivation of hotel activity is carried out efficiently and under the premise of maximum guarantees in terms of health and safety.
For the first time in this series for the LAC region, we have amended the reporting period for the performance statistics, and all because the data does not love COVID-19. The shock of the global pandemic has been without parallel, both in its extensive bear-hug around the globe and in its impact across all sectors of the global economy - and none more so than on our beloved hotel sector.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 3-9 May, is linked below.Key highlights for the week of 3-9 May:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 4-10 May, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:
The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 3-9 May 2020, according to data from STR.
STR data for 3-9 May 2020 showed continues modest gains in U.S. hotel occupancy compared with previous weeks, but a similar level of year-over-year decline in the three key performance metrics.
Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020, the total construction pipeline in Canada remains strong with 304 projects and an all-time high of 40,291 rooms.
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
The Baird/STR Hotel Stock Index rose 15.6% in April to a level of 3,177. Year to date through the first four months of 2020, the stock index was down 39.7%.
Meliá Results Reflect The Strong Impact Of Covid-19, Ending The First Quarter With Decreases In Revenue (-25.5%) In An Entirely Disruptive Context That Distorts Any Comparison With The Previous Year.
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today reported its results for the three months ended March 31, 2020.
Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2020.
Marriott International, Inc. (NASDAQ: MAR) today reported first quarter 2020 results, which were dramatically impacted by the COVID-19 global pandemic and efforts to contain it (COVID-19).
Reflecting the continued impact of the COVID-19 pandemic, April was Melbourne's worst hotel performance month on record, according to preliminary data from STR.Comparison with April 2019:
Because of the continued limitations and concerns around the COVID-19 pandemic, Jeddah's hotel industry reported its lowest overall performance on record, according to preliminary April data from STR.
Reflecting the continued impact of the COVID-19 pandemic, April was London's worst hotel performance month on record, according to preliminary data from STR. Comparison with April 2019:
COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization showing that 100% of global destinations continue to have restrictions on travel in place, and 72% have completely closed their borders to international tourism.
Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 26 April through 2 May, is linked below.
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 27 April through 3 May, is linked below.
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported first-quarter 2020 financial results. Net loss attributable to Hyatt was $103 million, or $1.02 per diluted share, in the first quarter of 2020, compared to net income attributable to Hyatt of $63 million, or $0.
Keith Barr, Chief Executive Officer, InterContinental Hotels Group PLC, said: “Covid-19 represents the most significant challenge both IHG and our industry have ever faced. We are responding on every front and taking decisive action to the benefit of all our stakeholders.
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR.
Led by Florida and Texas, 13 STR-defined submarkets showed greater than 10-point weekend vs. weekday occupancy gains for the week ending 2 May, according to data from STR.
The COVID-19 pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020, the latest data from the World Tourism Organization (UNWTO) shows. According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared with 2019 figures.
RateGain, a leading SaaS company for travel and hospitality, today announced the release of the second edition of the report on assessing the global impact of COVID-19 on the hospitality industry in collaboration with IDeaS and HSMAI Europe.
The latest insights from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, shows that consumers are seemingly still not ready to think about travel plans amid the ongoing COVID-19 pandemic.
Vietnam's remarkable reopening of its domestic travel sector is expected to be replicated by focusing on short-haul Asian markets in a quest to restore their international tourism profile. The country has effectively demonstrated a Covid-19 leadership model in Southeast Asia with a focus on the all-important driver of airlift demand.
The U.S. Travel Association has partnered with MMGY Travel Intelligence to conduct a biweekly study of U.S. business and leisure travelers. This survey measures current and future traveler sentiment amid the COVID-19 pandemic and will track trends and shifts in travel intentions.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR.
Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR.
U.S. hoteliers got their first taste of the impact of COVID-19 on hotel profit and loss in March, and the bad taste in their mouths is likely to linger for a while.
Hoteliers in the Netherlands and Belgium expect that the corona crisis will have a long-term impact, but will eventually recover. This is shown in new research by Horwath HTL. The domestic market will recover relatively quickly and perhaps even come out of the fray more strongly, but the international market is facing a slow recovery.
Measures to contain the spread of the coronavirus in the Middle East were amped up in March, but did little to limit the damage done to the region's hotel industry, which was simultaneously thumped by an oil price war between Saudi Arabia and Russia, which required international intervention.
With cases in China starting to plateau, the World Health Organization (WHO) declared Europe to be the new epicenter of the coronavirus outbreak in March, fueled by the rapid expansion of the virus across Italy and Spain.
U.S. hotel gross operating profit per available room fell 101.7% during March 2020, according to the first-ever monthly P&L data release from STR. In a year-over-year comparison with March 2019, the .
Asia-Pacific, where the coronavirus first appeared, continues to serve as the baseline for global hotel data performance comparison. March data indicates that the virus' impact on hotel performance is not subsiding; in fact, it's intensifying.
MMGY Travel Intelligence, in partnership with Destinations International Foundation, has released the findings from the fourth wave of a series of bi-weekly tracking surveys of North American destination professionals.
Over the past several months the world watched the global business travel industry come to a halt but according to new research issued today by the Global Business Travel Association, there are signs of optimism and recovery on the horizon.
The COVID-19 pandemic has prompted all destinations worldwide to introduce restrictions on travel, research by the World Tourism Organization (UNWTO) has found. This represents the most severe restriction on international travel in history and no country has so far lifted restrictions introduced in response to the crisis.
In the first analysis of full profit-and-loss performance since the COVID-19 pandemic swept through the global hospitality industry, March was expectedly a brutal month, with the U.S., Europe, Asia and Middle East all recording year-over-year profit drops of 100% or more, according to HotStats data, as the virus' spread continued unabated, all but shutting down travel.
The World Travel & Tourism Council (WTTC) this week hosted a virtual meeting with His Excellency, Ahmed Al-Khateeb, Saudi Arabia's Minister of Tourism, and leaders from across the tourism industry. During the meeting, WTTC shared data, revealing the potential global economic impact of COVID-19 on Travel & Tourism.
As COVID-19 continues to devastate the hotel industry, the American Hotel & Lodging Association (AHLA) released new data today showing that 70 percent of hotel employees have been laid off or furloughed as eight in 10 hotel rooms across the nation remain empty.
This month, Preferred Hotels & Resorts conducted a global future travel survey with members of the brand's loyalty program - I Prefer Hotel Rewards - inviting them to share their aspirations and plans for future travel when restrictions are lifted or eased.
MMGY Travel Intelligence has released results from the second wave of the Travel Intentions Pulse Survey (TIPS). This research, commissioned by the U.S. Travel Association, measures the impact of COVID-19 on U.
Reflecting the effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported all-time lows in the three key performance metrics during March 2020, according to data from STR.U.S. dollar constant currency, March 2020 vs.
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 12-18 April 2020, according to data from STR.
Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 12-18 April 2020, according to data from STR.
For 2019, Pinnacle Advisory Group estimated that Boston and Cambridge hotels generated nearly $2 billion in rooms revenue, based on a total supply of nearly 25,700 rooms, an average occupancy of 81.4 percent and an average daily rate (ADR) of $259.
Reflecting the impact of the COVID-19 pandemic, Europe's hotel industry reported unprecedented performance lows during March 2020, according to data from STR.Euro constant currency, March 2020 vs. Ma.
Tennessee—Affected late in the first quarter by the COVID-19 pandemic, the U.S. hotel industry reported significant declines in the three key performance metrics during Q1 2020, according to data from STR.
COVID-19's impact on consumer opinion and behavior seemed to evolve daily throughout March, especially with the World Health Organization (WHO) declaring a global pandemic on the 11th. To understand the effects on sentiment and future international travel plans, STR captured the views of travelers across 4 key markets: the U.
In its first month with a visible impact from the COVID-19 pandemic, the U.S. hotel industry reported double-digit declines in the three key performance metrics during March 2020, according to data from STR.
The travel industry has lost a full third of all the jobs lost in the U.S. and is experiencing a total impact from coronavirus that is nine times greater than the 9/11 attacks, according to new data released by the U.
The Summer Olympics' performance gains for Tokyo hotels are projected to be lower after the one-year delay in the event, according to the latest forecast from STR and Tourism Economics. "We are projecting less overall demand when compared with our initial forecast for 2020, and while double-digit RevPAR growth is expected, it will come from a much lower base," said Robin Rossmann, STR's managing director.
A comprehensive new survey of consumers in China's first tier cities has concluded that 53% of respondents would like to travel overseas within 2020. Moreso, the most popular months for trips abroad for the remainder of the year are August, October and December.
The scale of disruption caused by COVID-19 to global tourism is shown in a comprehensive new report on travel restrictions from the World Tourism Organization (UNWTO). The landmark report, published at a time of unprecedented disruption for the sector, shows that almost all global destinations have imposed restrictions on travel since January 2020, including complete bans on all travel as they work to contain the pandemic.
This sentiment survey was conducted by Horwath HTL Singapore, in partnership with AHS Advisory, to gauge the impact of the COVID-19 pandemic on hotels across Australia. Hotel owners and operators in Australia are currently looking at an empty horizon, uncertain when the first signs of a resumption of business and leisure travel will come into view.
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 5-11 April 2020, according to data from STR
Hopes for a 2020 rebound in hotel performance in Asia were all but dashed away by the emergence and spread of the coronavirus. While 2019 was already a down year, this year will likely outdo it. The hope now is for hotels across the region to reopen if shut, build back occupancy and inch by inch boost revenue while keeping a vigilant eye on expenses to achieve some semblance of normality.
As we learn to navigate the COVID-19 pandemic together, we at Duetto want to share with our customers, partners, and industry colleagues data that could prove to be helpful when quantifying changes in your region's demand.
We have been monitoring markets affected by COVID-19 since the early days of the outbreak, and we've focused on a few key indicators to help you understand when your market is headed for recovery. We will be introducing and analyzing these indicators over the next few weeks.
STR remains committed to keeping the hospitality industry updated on the impact of the COVID-19 pandemic, and our webinar series will provide in-depth updates on world regions around the globe. However, if you are unable to watch the full recording during this stressful time, you can find a summary of key points below.
Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 5-11 April 2020, according to data from STR.
A major new report has revealed the vital contribution that Travel & Tourism will make to Asia-Pacific's economic recovery, once the COVID-19 pandemic has been combatted.
World Travel & Tourism Council [WTTC], which represents the global Travel & Tourism private sector, today revealed a new report detailing the critical role that the industry will have in America's economic recovery, once the COVID-19 pandemic has been combatted.
A major new report has revealed Travel & Tourism's crucial contribution to help kick-start, the UK's economic recovery once the COVID-19 pandemic has been successfully combatted.
A major new report has revealed Travel & Tourism's crucial contribution to help re-energize the EU's economic recovery once the COVID-19 pandemic has been successfully combatted.
First and foremost, all of us at Lodging Analytics Research & Consulting (LARC) hope that you are staying safe and healthy. While the COVID-19 pandemic's most significant impact is on the lives that have been lost, there is no doubt that the impact to the global and U.
As the COVID-19 pandemic in Colombia has worsened, the country's daily hotel occupancy decreased to as low as 3.9% on 29 March, according to preliminary data from STR.
The global hospitality industry has been ravaged by COVID-19, a classic example of a black swan event. While many are looking backwards to compare the current market environment with the post-9/11 or 2008 Great Recession periods, Phocuswright prefers to look forward - trying to address the tough questions weighing on our collective minds.
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 29 March through 4 April 2020, according to data from STR.
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary March data for Abu Dhabi shows significant year-over-year declines in the three key performance metrics. Compared with Mar.
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary data for Sydney, Australia, shows significantly lower hotel performance across the three key performance metrics. Comparis.
Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 29 March through 4 April 2020, according to data from STR.
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary March data for hotels in London shows significant year-over-year declines in the three key performance metrics. Comparison.
Market sentiment in China has plummeted to a historically low score, with the degree of pessimism reflected across all regions in China.
This sentiment survey was conducted by Horwath HTL Singapore, in conjunction with Tajara Hospitality to gauge the impact of the COVID-19 pandemic on hotels and resorts across the Philippines. The survey received 72 responses (49 hotels and 23 resorts), representing 11,032 rooms.
The Baird/STR Hotel Stock Index dropped 36.0% in March to a level of 2,748. Year to date through the first three months of 2020, the stock index was down 47.9%. "Hotel stocks experienced one of their worst months on record as investors contemplated worst-case liquidity scenarios for hotel companies driven by the COVID-19 demand shock and potential hotel closures," said Michael Bellisario, senior hotel research analyst and director at Baird.
Horwath HTL India has conducted a sentiment survey of the Indian hotel industry leaders and hotel managers to understand the depth of the impact of COVID-19 crisis, mitigating measures applied to limit the fallout and the areas requiring supportive measures.
The Caribbean hotel industry experienced its steepest year-over-year declines yet in the three key performance metrics during the week of 22-28 March 2020, according to preliminary data from STR.
Mexico's hotel industry showed its sharpest reaction yet in the face of the COVID-19 pandemic with deep year-over-year declines in the three key performance metrics during the week of 22-28 March 2020, according to preliminary data from STR.
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 22-28 March 2020, according to data from STR.
As COVID-19 concerns and restrictions have intensified in India, the country's daily hotel occupancy dropped to 11% during 23-29 March, according to preliminary data from STR. "India remained resilient in February—in comparison with other APAC markets that were more deeply affected—thanks largely to robust domestic demand coupled with the low number of COVID-19 cases in the country at that time," said Vidhi Godiawla, STR's business development manager for South and Central Asia.
To assist the international markets build prediction models on the economic recovery post COVID-19 confinements, lockdowns and crisis we are publishing frequent updates from all the industries of Shiji's Chinese operations.
Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 22-28 March 2020, according to data from STR.
Mainland China's daily hotel occupancy reached an absolute level of 31.8% on 28 March, up from a low of 7.4% during the first week of February, according to preliminary data from STR. Additionally, opening rates have been significant in key markets across the region.
As the impact of COVID-19 broadens in South America, Lima's daily hotel occupancy fell to as low as 12.9% on 19 March, according to preliminary data from STR.That occupancy level came one day after the Peruvian government imposed a nightly curfew to combat the spread of COVID-19.
Due to the impact from the COVID-19 pandemic, the U.S. hotel industry is projected to report a 50.6% decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics.
This sentiment survey, conducted by Horwath HTL Hong Kong, was specially designed to examine the impact of the COVID-19 pandemic on the outlook for the Hong Kong hotel market. In addition, the overall Hong Kong hotel market performance in 2019 was included to review the impact of the social campaign to the industry.
MMGY Travel Intelligence, in partnership with Destinations International Foundation, has released the inaugural findings from a benchmark series of bi-weekly surveys of North American destination professionals.
Showing further COVID-19 impact, the Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 15-21 March 2020, according to data from STR.
The Caribbean hotel industry continued steep year-over-year declines in the three key performance metrics during the week of 15-21 March 2020, according to preliminary data from STR.
Mexico’s hotel industry showed clear effects of the COVID-19 pandemic with sharp year-over-year declines in the three key performance metrics during the week of 15-21 March 2020, according to preliminary data from STR.
This sentiment survey was conducted by Horwath HTL Singapore, in conjunction with the SHA (Singapore Hotel Association) to gauge the initial impact of the COVID-19 pandemic.
Showing further effects of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 15-21 March 2020, according to data from STR.
Economic conditions are deteriorating quickly with the Covid-19 outbreak causing a sharp drop in economic activity. Key Findings:
MMGY Travel Intelligence, in partnership with Destinations International Foundation, has released the inaugural findings from a benchmark series of bi-weekly surveys of North American destination professionals.
This sentiment survey was conducted by Horwath HTL Indonesia, in conjunction with the PHRI (Indonesian Hotel & Restaurant Association) to gauge the initial impact of the COVID-19 pandemic. The survey.
The extent to which the coronavirus has impacted the global hotel industry is now coming into focus based on new data from HotStats, which provides further transparency in terms of the damaging impact of the disease on travel and, by extension, on hotel profitability.
The World Health Organization has pronounced Europe as the new epicenter of the COVID-19 pandemic. Europe is now reporting daily increases in confirmed coronavirus cases at a rate higher than China during its height in February.
As the COVID-19 situation in France has worsened, the country's daily hotel occupancy plummeted to as low as 3.3% on 17 March, according to preliminary data from STR and In Extenso TCH.Daily occupancy in the country was as high as 65.
Across the Shiji Group product lines we are sharing data on how the COVID-19 crisis is recovering for other markets to use in their analysis and planning. We have looked at the transaction volumes across all our payment integrations to help give some comparable information.
Mexico’s hotel industry has yet to see declines as steep as those experienced in the U.S. and Canada, but the effects of COVID-19 on travel still played a role in negative year-over-year results in the three key performance metrics during the week of 8-14 March 2020, according to preliminary data from STR.
The Caribbean hotel industry recorded sharp year-over-year declines in the three key performance metrics during the week of 8-14 March 2020, according to preliminary data from STR.
Reflecting the broadening concerns around the COVID-19 pandemic, the Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 8-14 March 2020, according to data from STR.
CBRE's Research Experts provided CBRE clients with an update on the impact of the rapidly evolving COVD-19 outbreak on the global economy, as well as our most recent research on the impact to the U.S.
Showing further COVID-19 impact, the U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 8-14 March 2020, according to data from STR. .
Active COVID-19 cases in China peaked on 17 February. Since then the number of active cases has been reducing rapidly. To assist hotels around the world in forecasts during the crisis we are publishing information of how the Chinese market is rebounding reservations since the peak of the epidemic.
Since 1 March 2020, hotel occupancy in Germany has decreased by more than 36% compared to the previous year: This is shown by the analyses of the market research companies STR and Fairmas. They show that in addition to air transport, logistics, trade fair organizers, tourism service providers, cultural institutions and domestic industry, the hotel industry in particular is struggling with dramatic declines in sales.
STR's preliminary data for Melbourne, Australia, shows lower hotel performance levels in February 2020 and the first week of March. February preliminary data:
STR's preliminary data for Dubai shows hotel performance declines worsening as concern around the COVID-19 pandemic broadens. February preliminary data:
STR's preliminary data for hotels in London shows slightly negative performance in February 2020 that worsened into double-digit declines during the first week of March.
The World Travel & Tourism Council says up to 50 million jobs in the Travel & Tourism sector are at risk due to the global COVID-19 pandemic. Gloria Guevara, WTTC President & CEO, said: "WTTC figures show the stark impact on the Travel & Tourism sector of the present COVID-19 outbreak with analysis now suggesting that up to 50 million jobs are at risk in the sector globally".
Knowland, the leader in revenue-generating hospitality meetings data and analytics, is tracking the impact of the Coronavirus pandemic on group business for the hotel industry. Today, Knowland announced estimated group cancellation rates across a 90 - 120 day booking window for the US/North America, Asia Pacific and Europe regions.
Reflecting concerns and cancellations around the COVID-19 outbreak, the U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 1-7 March 2020, according to data from STR.
The coronavirus (COVID-19) continues to impact the global business travel industry, with companies canceling meetings and instituting blanket business travel cancellations, according to the latest research conducted by the Global Business Travel Association (GBTA).
Analysts at Lodging Econometrics (LE) state that Asia Pacific's total construction pipeline, excluding China, hit a new all-time high at the close of 2019 with 1,926 projects/409,447 rooms. Project counts are up 7%, while room counts are up 8%, year-over-year (YOY).
Key hotel markets in Italy have reported significant occupancy declines amid the outbreak of coronavirus (COVID-19), according to preliminary February data from STR."Italy has become a focal point of the COVID-19 outbreak, so to no surprise, the hotel occupancy impact has been significant in certain markets," said Robin Rossmann, STR's international managing director.
The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. "Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately impacted travel-related stocks," said Michael Bellisario, senior hotel research analyst and director at Baird.
Analysts at Lodging Econometrics (LE) report that China's total construction pipeline boomed in the fourth quarter of 2019 and closed the quarter at 3,526 projects/643,435 rooms, up 28% by projects and 11% by rooms year-over-year (YOY).
The Leading Travel Index (LTI), the predictive component of the U.S. Travel Association's Travel Trends Index (TTI), projects international inbound travel to the U.S. will fall 6.0% over the next three months as the coronavirus outbreak continues to roil the global economy.
The coronavirus has the potential to threaten the entire global business travel industry. According to a new lightning poll released today by the Global Business Travel Association (GBTA), the virus could potentially cost the industry $46.
Following the news of serious coronavirus outbreaks outside of Asia, the tourism industry must ready itself for a rocky ride. Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation.
Top Asia Pacific destinations for Mainland China outbound travelers continue to report a hotel occupancy impact amid the outbreak of coronavirus (COVID-19), according to preliminary February data from STR.
According to ForwardKeys, one of the world's leading travel analytics company, the travel setback caused by the Coronavirus outbreak has now spread beyond China, with other parts of the Asia Pacific region experiencing a 10.
Preliminary data and analysis from STR shows a hotel occupancy decline of 75% in Mainland China from 14-26 January 2020. Performance during the Chinese New Year holiday period was significantly worsened by the outbreak of novel coronavirus (2019-nCoV).
