South African economy could face massive losses of more than ZAR 181 million every week it’s on the UK’s ‘red list’ for travel.
Olympics lifted Tokyo hotel occupancy to 17-month high
As host to the delayed summer Olympics, Tokyo posted its highest hotel occupancy in 17 months and saw a pair of days with levels that approached the peak of the “Go To Travel” campaign in 2020.
WTTC expresses condolences to the people of Haiti
“WTTC and the global Travel & Tourism sector stand beside the people of Haiti and its government during this difficult time.”
North American inbound tourism spend declined by 74.1% in 2020
One common factor is that the effects of the COVID-19 pandemic in 2020 have been hard felt for each respective tourism economy.
Egyptian economy faces daily losses of more than EGP 31 million
Egypt’s status as a UK’s ‘red list’ country will pose a significant threat to the nation’s struggling Travel & Tourism sector.
Preliminary July data for Berlin hotels
Preliminary July 2021 data shows Berlin with its highest performance levels since the start of the pandemic.
Preliminary July data for Sydney hotels
Reflecting the ongoing impact of the latest lockdowns, Sydney hotels showed significantly lower performance.
STR & TE lift 2021 U.S. hotel forecast, lessen growth projections for 2022
Full recovery of demand remains on the same timeline for 2023, while RevPAR is projected to surpass 2019 levels in 2024.
Baird/STR Hotel Stock Index rose 1.9% in July
Year to date through the first seven months of 2021, the stock index was up 11.2%.
India’s hotel industry continues to regain occupancy
After a rapid decline due to a second COVID-19 wave, India’s hotel industry has seen a continued increase in occupancy due to the progressive approach to vaccinations.
