With the pandemic driving people to spend more time at home, avoid air travel, and change their spending habits, businesses can expect to see a shift of more than US$3 trillion in economic value, according to Accenture (NYSE: ACN).
The Central/South America hotel industry reported its highest performance levels since the beginning of the pandemic, according to October 2020 data from STR.US$ constant currency, October 2020 (perc.
According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the third quarter of 2020, the hotel construction pipeline in the Middle East declined again to 579 projects/168,042 rooms.
The Asia Pacific hotel industry reported its best performance levels since the first quarter of the year, according to October 2020 data from STR.
Hotels in both the Middle East and Africa recorded their highest absolute occupancy level since February, according to October 2020 data from STR.
Reflecting the impact of a second lockdown, Europe's hotel industry reported slight performance decreases from the prior month, according to October 2020 data from STR.Euro constant currency, October.
First and foremost, we are delighted to welcome aboard our new first mate in producing the Monitor series, HotStats — the global navigators of hotel performance data. In an operating environment marked by depressed revenue and expense structure fluidity, charting the top line just doesn't cut it.
STR data for 8-14 November 2020 showed slightly lower occupancy from the previous week for Canada's hotel industry.
U.S. weekly hotel occupancy slipped further from previous weeks, according to the latest data from STR through 14 November. 8-14 November 2020 (percentage change from comparable week in 2019):
Tripadvisor®, the world's largest travel platform, and Phocuswright, the leader in global travel market research, today jointly released the findings of a comprehensive new research paper into the shifting trends in global travel demand and traveler behaviors, charting the industry's road to recovery in the wake of the ongoing pandemic.