The U.S. hotel industry posted its highest demand and occupancy levels since the beginning of the pandemic.
Preliminary Jeddah hotel data for March
Jeddah’s hotel industry reported one of its highest monthly occupancy levels of the pandemic period.
Preliminary Berlin hotel data for March
March 2021 data for Berlin hotels shows slightly better performance compared with recent months, albeit at overall low levels due to continued restrictions in Germany.
Smart cities are the next step for urban tourism post-pandemic
Aiding the visitor experience, mitigating the effects of overtourism, and leading to more sustainable management, smart cities are the way forward in post-pandemic travel.
Travel & Tourism sector’s contribution to UK GDP slumped £148 billion in 2020
Impact of COVID-19 sparks a 62.3% collapse in the sectors GDP.
A new wave of innovation across consumer industries
The desire to work from a “third space” highlights a potential opportunity to grow revenue for the hospitality and retail industries.
Slow start for hotel transactions but market set to strengthen as year progresses
Total European hotel transaction volume fell by 69% in the year of the pandemic following a record high the previous year when €27.1bn-worth of hotel deals were struck.
Advancing harmonized travel protocols and financing tourism’s survival
UNWTO has again convened its Global Tourism Crisis Committee to lead the sector in harmonizing travel and health protocols and securing vital financing for businesses struggling to survive an historic crisis.
Baird/STR Hotel Stock Index dipped 0.2% in March
Year to date through the first three months of 2021, the stock index was up 12.2%.
UK MICE and hotels agency staff numbers almost halved
Average reduction of 39 percent in full-time equivalent positions within agencies in the meeting, events, and accommodation industry.
