The global hotel industry is producing strong performance numbers all against a climate of financial unease.
Staff shortages and cost of living looms for European tourism
Sudden surge in consumer demand coupled with staff shortages pose serious challenges for the sector going into the summer months.
Dubai hotels profitability levels seven times higher than 2019
Among key hotel markets in the Middle East, Dubai’s GOPPAR came in seven times higher than the 2019 comparable.
U.S. hotel profitability lower in May
U.S. hotel GOPPAR fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month.
U.S. hotel results for week ending 2 July
U.S. hotel performance dipped from the previous week, while indexed comparisons against 2019 improved on the favorable side of a holiday calendar shift.
Japan tourism could approach pre-pandemic levels next year
More than 680,000 jobs could be created over the next 10 years.
South Korea’s tourism to create nearly half a million jobs
Travel & Tourism’s GDP expected to outpace national economy over the next 10 years.
South Africa’s tourism growth to outpace national economy
Travel & Tourism to create more than 800,000 jobs over the next decade.
Over five million new tourism jobs to be created in Indonesia
Sector expected to grow at twice the rate of the overall economy over the next 10 years.
Saudi Arabia’s Tourism to gain fastest growth in the Middle East
Employment in the sector set to double by 2032.
