U.S. hotel demand, as well as average daily rate (ADR) on a nominal basis, will be near full recovery in 2022.
Baird/STR Hotel Stock Index jumped 6.8% in October
The Baird/STR Hotel Stock Index jumped 6.8% in October to a level of 5,520. Year to date through the first 10 months of 2021, the stock index was up 20.7%.
Japan drives universal tourism through diverse dietary options
The latest Michelin Guide shows that Tokyo has the highest number of Michelin-starred restaurants in the world – a true culinary paradise.
venuedirectory.com puts sustainable venues on the corporate buying list
From the beginning of December 2021 every venue search on the venuedirectory.com site will put sustainable venues at the top of all venue results provided, both UK and international.
Australia’s hotels regaining occupancy with restrictions eased
With lengthy lockdowns ending and travel restrictions easing, Australia’s hotel industry has seen recent improvement in hotel occupancy levels.
U.S. hotel results for week ending 30 October
As anticipated ahead of Halloween, U.S. hotel performance fell week over week.
Profitability in APAC well below pre-pandemic levels
The hotel industries in seven key Asia Pacific markets reported profitability levels well below pre-pandemic levels, with only Beijing above 40% of the 2019 comparable.
Labor costs brought U.S. hotel profitability down further in September
Estimated labor costs came in at 96% of the comparable level from 2019, which was the highest index of the pandemic-era.
Dallas tops the U.S. hotel construction pipeline in Q3
Top five markets with the largest total hotel construction pipelines by projects are: Dallas, Atlanta, Los Angeles, New York City, and Houston.
Marriott leads with the largest U.S. hotel construction pipeline
Franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott, Hilton and IHG.
