HVS and The Lodging Conference hosted a webinar on January 14, 2021, that provided insights on what lies ahead for the hospitality industry in 2021. A truly distinguished group of hospitality executives shared their perspectives on the changing hotel landscape, along with their thoughts on navigating this unprecedented time.
The American Hotel & Lodging Association (AHLA) today released "AHLA's State of the Hotel Industry 2021" outlining the forecasted state of the hotel industry in 2021 and into the immediate future. The report examines the high-level economics of the hotel industry's recovery, the specific impact on and eventual return of business travel, and consumer travel sentiments.
U.S. weekly hotel occupancy climbed back to the 40% mark, according to STR's latest data through 16 January. 10-16 January 2021 (percentage change from comparable week in 2020):
The Global Business Travel Association (GBTA), the world's largest business travel association, has released the results from its 15thcoronavirus poll, the first in 2021, to measure the impact on business travel following the onset of the pandemic last year.
Year-end U.S. data shows that less traveled markets have generally made more progress in regaining hotel demand. In fact, a majority of states ended 2020 with room demand levels approaching normal, seasonal lows.
The U.S. hotel industry showed performance levels closer to earlier months of the pandemic, according to December 2020 data from STR.
The U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR. In addition to historically low absolute levels in the aforementioned metrics, average daily rate (ADR) came in lower than any year since 2011.
Travel restrictions are affecting Germans' summer vacation plans - Domestic tourism not impacted as severely by the pandemic - Technological innovations, personalised travel services and the current .
Despite continuing lockdowns, Europeans are progressively interested in trips during the second quarter of 2021 as COVID-19 vaccines are rolled out. That is according to the latest report from the European Travel Commission (ETC) "Monitoring Sentiment for Domestic and Intra-European Travel - Wave 4" featuring data collected in December 2020.
The latest edition of the Pulse Report, which tracks activity in the month of December, shows that the majority of markets are continuing to feel serious effects of continued uncertainty amongst bookers due to rapid rises in COVID cases across the globe.