Category: Markets

July 28, 2021

The APAC region has gone from being a top dog in the travel and tourism sector to being put in the doghouse due to the handling of the pandemic, see-saw Covid19 case numbers and at times, complacency. However, a few […]

July 27, 2021

The UK’s economic revival is being hampered by the lack of inbound travel while flights to amber list countries take off, says the World Travel & Tourism Council (WTTC). The warning comes from the global tourism body, which represents the […]

July 22, 2021

No two airlines are the same: Each operates in a different market with different business models that have been differently affected by the pandemic. But you wouldn’t know that by looking at the stock market. When the Covid-19 crisis first […]

July 7, 2021

Excerpt from Business Travel Network The U.S. hotel average daily rate will exceed 2019 levels by 2024, according to the latest CBRE Hotels Research forecast, which also projects revenue per available room to reach 99 percent of its pre-pandemic level […]

July 1, 2021

Despite an uptick in leisure travel, a new report released by the American Hotel & Lodging Association (AHLA) shows that the road to recovery for the hotel industry is long with 21 of the top 25 U.S. hotel markets remaining […]

June 25, 2021

The “summer travel surge” continued this past week as U.S. hotel occupancy hit an 85-week high at 68.0% for the week ending 19 June 2021. That is the country’s highest level since the week ending 9 November 2019. The turnaround […]

June 23, 2021

Despite Australia’s relative success in controlling the spread of COVID-19, the Australian hotel industry was hit hard by the onset of the global pandemic. However, its success in controlling the virus, together with a strong and large domestic travel market, […]

May 20, 2021

U.S. weekly hotel occupancy reached its second-highest level since the start of the pandemic, according to STR‘s latest data through 15 May. 9-15 May 2021 (percentage change from comparable week in 2019*): Occupancy: 59.1% (-16.4%) Average daily rate (ADR): US$113.54 […]

April 22, 2021

After over a year of government restrictions in the United States (U.S.), vaccination rates have accelerated, and the nation is on the verge of a travel boom. According to the Centers of Disease Control and Prevention, as of April 12, […]

April 21, 2021

Standing out from the crowd has always been a perpetual task demanding full attention of any hotelier, but has become even more apparent in the post Covid-19 era. The countless marketing, sales, and operational tools available in the market have […]