An estimated £59billion could be lost from the UK economy if travel remains limited.
U.S. hotel results for week ending 28 August
U.S. hotel performance continued to decline from previous weeks.
Tourism after lockdown: A new standard of accommodation preferences?
As different parts of the world have become more accessible, what changes can be seen in consumer accommodation preferences?
Restrictions eased in Bangkok as Covid numbers fall 30%
The announcement contradicted earlier reports which said restaurants wishing to reopen would be required to restrict dine-in services to fully vaccinated patrons.
Europe set for record number of new hotel rooms
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.
