U.S. weekly hotel performance advanced to its highest levels since December.
U.S. the most valuable inbound market globally
US average overseas tourism expenditure per person reached $3,580 in 2021.
European travel demand expected to be 20% below pre-COVID levels in 2022
ETC predicts that the share of European travel from the US to return to pre-pandemic levels relatively quickly, ahead of other long-haul markets.
China hotel rates higher than 2019 level during Lunar New Year
Mainland China’s hotel industry surpassed its 2019 comparable in Lunar New Year ADR even with substantially lower occupancy.
Berlin hotel performance fell lower in January
With tight pandemic restrictions, Berlin’s hotel industry reported lower performance than months prior.
Jeddah hotels reported lower performance levels in January
Jeddah’s hotel industry reported slightly lower performance levels compared with the month prior.
Ovolo launches global ‘Plant’d’ initiative
The designer hotel collection will become the world’s first to commit to an ongoing vegetarian-lead offering.
Melbourne hotel rates reached pandemic-era highs in January
Helped by the Australian Open, Melbourne’s hotel industry reported its highest room rates of the pandemic era.
UK’s tourism sector poised to hit £192 billion this year
New data from WTTC shows the UK’s Travel & Tourism sector is recovering, with the country’s GDP predicted to rise to £192 billion.
China’s hotel construction pipeline closes 2021 at record high
China’s total hotel construction pipeline at the end of the fourth quarter was up 9% by projects and rooms year-over-year.
