London’s hotel industry reported its highest monthly room rates on record.
Baird/STR Hotel Stock Index fell 19.3% in June
Year to date through the first six months of 2022, the stock index decreased 21.6%.
Melbourne hotel performance improved in June
Melbourne’s hotel industry was back on the recovery track with higher performance from the prior month.
Airlines slow European travel recovery
Chaos at many European airports is likely to hinder growth as queues and cancellations are quickly becoming air travel norms.
China’s tourism sector to create more than 30 million jobs
According to the latest data, tourism’s GDP growth rate is expected to be 9.7%, making it one of the fastest-growing countries.
Advancing safe mobility for stronger recovery
UNWTO joined the Organisation for Economic Co-operation and Development (OECD) and Spain in the recent High-Level Meeting on Safe International Travel held in Ibiza on 7-8 July.
Macro-level obstacles little match for global hotel industry
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.
