Illustrating the devastating demise of tourism in 2020, international tourist arrivals to Europe dropped 70%.
Americans plan to take an additional week of vacation this year
Annual Vacation Deprivation study finds 81% of working adults worldwide are ready to trade days off for bucket list experiences.
Full recovery expected by 2025
Financial impact of global travel decline expected to be 10x the Great Recession and 9/11 Travel Trends.
The New York City market is back on top
New York City leads the U.S. hotel construction pipeline as at the end of 2020.
202: Worst year in tourism history
According to the latest UNWTO World Tourism Barometer, the collapse in international travel represents an estimated loss of USD 1.3 trillion in export revenues.
The U.S. Hotel Construction Pipeline at year-end 2020
As the United States grappled with the ongoing coronavirus pandemic, an election, civil unrest, and the large and rapid partisan shift.
Hotel industry now knows what it’s up against
A breakdown by region of how the hotel industry performed in 2020.
Central/South America hotel performance for 2020
The Central/South America hotel industry reported record lows in occupancy and revenue per available room.
Keep components of a Return to Operations plan
Distilling a return to operations plan into its component parts is the secret sauce to making it manageable. Ultimately, the process for developing a comprehensive plan covers four main themes.
The five changes expected in the hotel industry
The landscape continues to change rapidly and while no one can say with any degree of certainty where everything will land, we are starting to see the shape of things to come. Here are changes that the new normal is likely to bring forward in the hotel industry for owners and operators.
