Up to one in eight UK jobs expected to remain unfilled due to labour shortages; restrictions hinder the recovery and add to the current crisis.
UN report underscores importance of tourism for economic recovery
The important role that tourism will play in the recovery of national economies and global trade has been highlighted in the 2022 edition of the World Economic Situation and Prospects (WESP) report by the United Nations.
Los Angeles hotel rates forecasted to be second highest for a Super Bowl weekend
Hotel ADR and RevPAR in the Los Angeles market are projected to reach the second-highest levels for any Super Bowl weekend on record.
Dubai hotel rates reached six-year high in December
Lifted by Expo 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015.
Sydney hotel rates reached pandemic-era highs in December
Reflecting the beginning of summer and the impact of the holiday season, Sydney’s hotel industry reported its highest room rates of the pandemic era.
London hotel occupancy fell in December amid latest COVID concerns
Amid increased COVID-19 cases, London’s hotel industry reported lower occupancy but higher room rates.
U.S. hotel results for week ending 1 January
U.S. hotel ADR reached an all-time weekly high.
Thailand reopens additional sandbox destinations
Thailand’s Centre for COVID-19 Situation Administration has approved the reopening of three more Sandbox destinations – Ko Samui, Ko Pha-ngan, and Ko Tao.
WTTC and UKinbound praise the removal of pre-departure test
The industry will be very pleased to see the removal of onerous pre-departure testing, and the replacement of the day 2 PCR test with a lateral flow test.
Baird/STR Hotel Stock Index jumped 12.7% in December
Hotel stocks ended a volatile year with strong gains in December as the worst-case scenarios related to the Omicron variant appeared unlikely to unfold as initially feared.
