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.
Tourism needs a steady hand in light of omicron
Australia is poised to welcome back international visitors, however, the tourism industry cannot sustain a start–stop approach
Dubai hotels surpassed 2019 profit level in October
Estimated Dubai GOPPAR for October 2021 came in at 159% of the 2019 comparable.
Melbourne hotel rates reached pandemic-era highs in November
Reflecting the end of lockdown and eased travel restrictions, Melbourne’s hotel industry reported its highest room rates of the pandemic-era.
Baird/STR Hotel Stock Index fell 7.6% in November
Year to date through the first 11 months of 2021, the stock index was up 11.5%.
