WTTC research projects sector’s GDP contributions could reach $2 trillion, a 6.2% increase from 2019.
Latin America’s hotel construction pipeline
The region’s pipeline experienced an 11% decline in projects and a 7% decrease in rooms, year-over-year in Q4.
Miami and Dubai led the world in hotel profit recovery in 2021
Miami’s GOPPAR beat 2019 levels by 14 percentage points, while Dubai reached 95% of its pre-pandemic comparable.
Asia Pacific hospitality industry update
Key updates in the APAC hospitality industry in January 2022.
Global lodging industry demonstrates resiliency
According to JLL Hotels & Hospitality’s annual Hotel Investment Outlook, the industry’s recovery has presented new trends for hotel owners, operators, investors, and consumers in 2022.
Market Recovery Monitor – 29 January 2022
Top 25 Markets saw occupancy advance a full percentage point to 50.5%, which was that group’s first time above 50% in four weeks.
Travelling in the EU is complex
The European Commission has agreed on new recommendations to limit the validity period of the EU Digital Covid Certificate to 270 days for those who haven’t yet received a COVID-19 booster jab.
U.S. hotel results for week ending 29 January
U.S. hotel performance increased slightly from the previous week and showed improved comparisons against 2019.
U.S. hotel profits reached 52% of pre-pandemic level in 2021
Strong holiday demand in both November and December helped overall profitability levels, with December showing 2021’s highest recovery.
Travel & Tourism could grow to $8.6 trillion in 2022
Contribution to global GDP could return to pre-pandemic levels this year.
