Domestic travel is projected to make a complete recovery in 2022, while international arrivals to Europe are forecast to be 30% below 2019 volumes.
Russia-Ukraine conflict will leave a void in this summer’s European travel market
According to GlobalData, Russia was the fifth-ranked country globally in terms of international departures in 2021.
UNWTO brings Tourism for Transformation to UN General Assembly
The United Nations General Assembly has met for a first ever dedicated session on tourism and its key role in inclusive recovery and growth.
Middle East tourism sector to create 3.6m jobs
Travel & Tourism GDP set to outstrip the overall economy for the next 10 years.
Baird/STR Hotel Stock Index rose 0.7% in April
Year to date through the first four months of 2022, the stock index increased 3.1%.
Latin America’s hotel construction pipeline
Latin America hotel construction pipeline is down 7% by projects and 11% by rooms, year-over-year at the end o Q1 2022.
Australian Grand Prix drove Melbourne hotel rates to record high in April
Lifted by the Australian Grand Prix, Melbourne’s hotel industry reported its highest monthly room rates on record.
Paris hotels reached 2019 profitability level in March
Among key hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable.
Accor announces global launch of its All-Inclusive Collection
Accelerating its expansion in the fast-growing market with a unique platform of multi-branded luxury and premium offers.
U.K., Poland and Ireland lead Europe hotel occupancy recovery
The U.K., Poland, and Ireland are the three European countries to achieve occupancy indexes that are 80% or better to pre-pandemic levels.
