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.
Consumer study points to recovery of retail and travel
Study shows global consumer optimism is high, with more than half expect a COVID-19 vaccine will keep them protected.
Business travel projected to return to almost pre-Covid levels by year end
Industry-first business traveler survey taps thousands of employees and lends key return to travel insights.
U.S. leads world in hotel openings
The U.S. led the world in new hotel and room openings during Q1 2021, according to global pipeline data from STR’s AM:PM platform.
Sensory summertime experiences on the cards for staycationing Brits
New VisitEngland research shows that it’s foodie experiences that are top of the agenda for sensory-starved Brits.
