Indonesia finished 2020 in similar shape as its regional peers. Domestic demand was strong enough to lift hotel occupancy from pandemic low points but not sufficient to overcome the void in international travel.
U.S. weekly hotel occupancy fell one point from the previous week, according to STR's latest data through 27 March 2021. 21-27 March 2021:
Saudi Arabia shows 73,057 rooms across the three phases of the hotel pipeline, and the country's projected 67.1% increase in room supply over the next three years is the highest among the world's 50 most populated countries, according to STR's AM:PM platform.
The devastating impact of the COVID-19 pandemic on global tourism has carried on into 2021, with new data showing an 87% fall in international tourist arrivals in January as compared to 2020. The outlook for the rest of the year remain cautious as the World Tourism Organization (UNWTO) continues to call for stronger coordination on travel protocols between countries to ensure the safe restart of tourism and avoid another year of massive losses for the sector.
The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43.
Shangri-La Asia Limited (HKEX stock code: 00069) today reported its financial results of the Company and its subsidiaries ("Group"), and associates for the year ended 31 December 2020. Highlights inc.
The America's Cup lifted Auckland daily hotel performance to its highest levels of early 2021, according to preliminary data from STR.
U.S. weekly hotel occupancy jumped almost seven points from the previous week to the highest level in the country since early March 2020, according to STR's latest data through 20 March 2021. 14-20 M.
HotStats, the global leader in monthly profit and loss data benchmarking, has released the findings of its "Profit Matters Global Hotel Performance Review 2020." The annual report tracks global hotel industry performance across myriad revenue, expense and profitability metrics and features commentary focused on the trends that drove business in 2020.
Canada's hotel industry reported slightly higher performance when compared with recent months, according to STR's February 2021 data.
