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.
The U.S. hotel industry posted its highest demand and occupancy levels since the beginning of the pandemic, according to STR's latest data through 10 April 2021.
WTTC research reveals Travel & Tourism sector’s contribution to Italy’s GDP dropped by €121 billion in 2020
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals that the dramatic collapse of Italy's Travel & Tourism sector has wiped out a staggering €120.6 billion from the nation's economy.
WTTC research reveals Travel & Tourism sector’s contribution to France’s GDP dropped by €103 billion in 2020
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals the dramatic impact COVID-19 had on France's Travel & Tourism sector, wiping out €103 billion from the nation's economy.
Beijing's hotel industry reported its highest room rates in 15 months, according to preliminary March 2021 data from STR.
Jeddah's hotel industry reported one of its highest monthly occupancy levels of the pandemic period, according to preliminary March 2021 data from STR.
STR's preliminary March 2021 data for Berlin hotels shows slightly better performance compared with recent months, albeit at overall low levels due to continued restrictions in Germany.
Mass COVID-19 vaccination programs are underway across the globe and providing the tourism and hospitality industry a much-needed confidence boost following 12 months or so of seismic declines. However, with lockdowns still in place for some regions and the emergence of new virus variants, predicting future travel demand remains challenging.
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.
Total European hotel transaction volume fell by 69% in the year of the pandemic following a record high the previous year when €27.1bn-worth of hotel deals were struck.