The COVID-19 pandemic has had a severe impact on the Arlington, Virginia, and greater Washington, D.C. region’s lodging markets. Although a substantial amount of leisure demand was present in 2021, Arlington’s lodging market has remained depressed overall for nearly two years given the limited commercial, government, and group demand.
The World Travel & Tourism Council (WTTC), which represents the global private Travel & Tourism sector, has revealed bookings for intra-European travel over the Easter period have increased by more than 250%, while summer bookings are currently 80% above 2021 levels.
U.S. weekly hotel occupancy worsened in comparison with pre-pandemic levels, according to STR‘s latest data through 15 January.
With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.
The U.S. hotel industry posted solid performance in comparison with pre-pandemic levels, according to December 2021 data from STR.
Global tourism experienced a 4% upturn in 2021, compared to 2020 (415 million versus 400 million). However, international tourist arrivals (overnight visitors) were still 72% below the pre-pandemic year of 2019, according to preliminary estimates by UNWTO.
The number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020, according to December 2021 pipeline data from STR.
The important role that tourism will play in the recovery of national economies and global trade has been highlighted in the 2022 edition of the World Economic Situation and Prospects (WESP) report by the United Nations.
The first week of 2022 (2-8 January) was somewhat typical for a first week in January. U.S. hotel industry occupancy dipped to 45.4%, which was eight percentage points lower than what it was in the comparable week of 2019 but eight percentage points higher than a year ago.
Reflecting post-holiday seasonality, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 8 January.