We must rebuild and look to the future with hope, not fear.
China Tourism sector could reach CNY 11 trillion this year
Sector’s contribution to the GDP could be just 5.2% behind pre-pandemic levels.
Europe hotel construction at year-end 2021
Lodging Econometrics reports Europe’s hotel construction pipeline stands at 1,824 projects and 295,152 rooms at the close of the fourth quarter.
AHLA releases new report on hotels recovery in 2022
AHLA’s 2022 State of the Industry Forecasts Uneven, Volatile Recovery; The Rise of the ‘New’ Traveler is Transforming the Industry.
U.S. hotel results for week ending 12 February
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.
