U.S. hotel occupancy for the three-day Columbus Day holiday weekend was lower than it was in 2019, and despite achieving higher weekend rates this year, hotel revenue per available room comparisons to 2019 declined.
After the most volatile trading period since benchmarking began, the PwC Hotels Forecast 2021-2022 reveals the green shoots of recovery as demand returns. Though performance is not expected to return to pre-pandemic levels by Q4 2022, there are finally encouraging signs for hoteliers.
The Indian Hotels Company Limited (IHCL) reported its consolidated financials for the second quarter ending September 30th, 2021.
Latest research from the World Travel & Tourism Council (WTTC) shows Europe’s Travel & Tourism sector’s year on year recovery may only achieve a growth of 23.9% this year.
New research from the World Travel & Tourism Council (WTTC) reveals the recovery of North America’s Travel & Tourism sector has soared ahead of many other regions of the world.
U.S. hotel occupancy reached its highest level since mid-August, while room rates dipped from the previous week, according to STR‘s latest data through 16 October.
Each time the region is faced with a challenge, the market has proved its resiliency; however, the challenge presented by the COVID-19 pandemic is unlike any challenge faced before. While the impact has been significant, there are positive signs that a recovery is underway.
The Caribbean’s Travel & Tourism sector is recovering at a faster rate than any other region in the world, with its contribution to GDP expected to rise more than 47% this year, compared to just 30.7% globally, reveals new research from the World Travel & Tourism Council (WTTC).
The U.S. hotel industry reported lower performance from the month prior, according to September 2021 data from STR.
After a difficult winter, Brazil’s hotel occupancy is once again on the rise, reaching 44% in August 2021, or about 74% of the 2019 comparable. While occupancy recovery has been slow, the country’s rebound in average daily rate (ADR) has been strong, with monthly rates even exceeding 2019 levels earlier this year.