The number of hotel openings in Europe is expected to hit an all-time high in 20221.
U.S. hotels surpassed 2019 profit level in July
Estimated U.S. hotel gross operating profit for July 2021 came in at 111% of 2019 comparable.
US hotel occupancy continues to slide
Over five weeks, US demand has fallen by 2.9 million room nights.
Early planning stage construction pipeline rise YOY
Lodging Econometrics has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
Sri Lankan economy could suffer loss of LKR8.2 billion every month
WTTC warns Sri Lankan economy could suffer a shortfall of more than LKR8.2 billion every month it’s on the UK’s ‘red list’ for travel.
Travellers lack confidence on overseas travel
New report found that caution impinged on plans for the year ahead, not just the summer, making an autumn bounce-back unlikely.
Uncertainty around variants impacting business travel recovery
Latest GBTA poll shows business travel recovery sentiment remains solid overall but the recent rise of the Delta variant has resulted in new concerns and travel considerations.
U.S. hotel results for week ending 21 August
Reflecting seasonal demand patterns and concerns around the pandemic, U.S. hotel performance continued to decline from previous weeks.
U.S. must approve AZ vaccine to rescue transatlantic travel with UK
‘Vaccine Vacuum’ leaves travel industry and consumers in limbo.
Growing occupancy and profitability pave hotels recovery
Data is helping paint a picture of a recovery in which labor, market segmentation and profitability will all play factors.
