Global Hotel Performance Moderates With Summer’s Close
HotStats | October 28, 2021
New Research Reveals Price No Longer Primary Driver of Travel Decisions
Expedia Group | July 28, 2021
Hotel Recovery
African Travel & Tourism Sector to Recover by Nearly a Third, WTTC Says
WTTC | November 23, 2021
London, UK – November 23, 2021 – Latest research from the World Travel & Tourism Council (WTTC) reveals the African Travel & Tourism sector is set to experience a year or year growth of just 27.7% this year, below the global average. WTTC says travel restrictions imposed by key source markets such as the UK, which saw countries such as South Africa, Tunisia, Mauritius, Seychelles, Egypt and Kenya on its damaging ‘red list’ for travel, have prevented people from travelling, hindering the sector’s recovery across Africa. Research by WTTC, which represents the global Travel & Tourism private sector, shows that in 2019...
More States Close in on 2019 RevPAR, Stalled States Holding Back U.S. Average 22 November 2021
STR | November 22, 2021
STR’s latest 51-chart map shows a variety of recent national/regional trends as well as the general pace of the industry’s continued recovery. For the four weeks ending with 13 November 2021, more states closed the gap or exceeded their 2019 levels in revenue per available room (RevPAR) on a total-room-inventory (TRI) basis. Keystone markets, however, remain persistent holdouts toward further national recovery. Higher-than-expected average daily rate (ADR) along with strong weekend demand continue to underpin recovery. A total of 24 states recently outperformed their 2019 comparable period RevPAR, up from 18 states last month. The n...
Asia Pacific Travel & Tourism Sector Set to Recover by Nearly 40%, Reveals WTTC Report
WTTC | November 19, 2021
London, UK – November 19, 2021 – New research from the World Travel & Tourism Council (WTTC) reveals the recovery of the Asia Pacific Travel & Tourism sector has soared ahead of many regions in the world with a year on year growth of more than 36%. Before the pandemic struck, Asia Pacific’s Travel & Tourism sector’s contribution to GDP represented more than US$ 3 trillion (9.9% of the region’s economy). After the pandemic brought international travel to an almost complete standstill, in 2020, Asia Pacific saw a hit of almost 54%, halving the contribution of the Travel & Tourism sector to the region’s economy....
Light at the End of the Tunnel
PolyU’s School of Hotel and Tourism Management | November 19, 2021
Tourism around the world is reeling from the impact of the COVID-19 pandemic, and Hong Kong’s once vibrant industry is no exception. The path to recovery is unclear. In such extreme circumstances, is it even possible for tourism businesses to plan for the future? The answer is yes, say Ms Hanyuan Zhang and Professor Haiyan Song of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University – but only if we can predict the unpredictable. In a study offering new hope for an industry on its knees, they and two researchers developed a pioneering method of forecasting tourism demand in times of crisis. Crisis br...
Saudi Arabia and the U.A.E. Lead the Middle East Hotel Construction Pipeline at Q3‘21
Lodging Econometrics (LE) | November 18, 2021
PORTSMOUTH, NH – November 18, 2021 – According to the Q3 2021 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 545 projects/168,042 rooms. While the number of total pipeline projects has increased over the previous quarter, project counts are down 6% and room counts are down 19% year-over-year (YOY). Projects presently under construction stand at 350 projects/108,244 rooms, down slightly by 3% by projects and 8% by rooms YOY. Projects scheduled to start construction in the next 12 months are down 8% by projects and 10% by ro...
From Setback to Surge: Business Travel Expected to Fully Recover by 2024
GBTA | November 17, 2021
Business travel recovery in 2021 proceeded at a slower, more cautionary pace than expected from a year ago. However, global business travel spending is expected to surge in 2022 with full recovery expected in 2024–ending the year on pace with the 2019 pre-pandemic spend of $1.4 trillion, and a year sooner than previously forecast. This is according to the Global Business Travel Association (GBTA), the world’s largest business travel association, which today released the results of its latest business travel index–the BTI™ Outlook. The report provides a detailed analysis of business travel in 2021 with projections for 2022 and b...
Supply Chain, Inflation Frustrate Hotel Recovery
HotStats | November 17, 2021
The supply chain crunch and inflation are compounding what’s already a nettlesome recovery for hotel owners and operators. Though hotels offer nightly leases, allowing for the repricing of rooms on a dynamic basis, other revenue-generating outlets are more intransigent—a problem when inflation is soaring. “While we can push the envelope with room pricing, there are static parts of our business—such as parking, resort fees and retail—that you can’t reprice,” said Chris Cylke, COO of asset manager RevPAR International. Concurrent supply chain issues impacting OS&E and FF&E and hourly wages rising are taking a t...
New Forecast Signals Uneven Recovery in Business, International Travel Segments
U.S. Travel Association | November 16, 2021
WASHINGTON — November 16, 2021 — Days after the U.S. reopened its land and air borders to vaccinated international visitors, U.S. Travel Association released its biannual forecast which shows an uneven recovery for the international inbound and business travel segments, while domestic leisure travel has returned to near pre-pandemic levels. The forecast, based on analysis from Tourism Economics, projects that domestic leisure travel will continue to drive the U.S. travel industry’s recovery in the near term. This segment is projected to surpass pre-pandemic levels in 2022 and beyond. Domestic business tra...
The Asia Pacific Hotel Construction Pipeline, Excluding China, Down Slightly Year-Over-Year
Lodging Econometrics | November 16, 2021
PORTSMOUTH, NH – November 16, 2021 – According to the recent Construction Pipeline Trend Report for the Asia Pacific region from analysts at Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, at end the third quarter of 2021 stands at 1,758 projects/382,434 rooms. Projects are down slightly year-over-year (YOY) by 3% while rooms are down 1% YOY. At the end of the third quarter, projects currently under construction stand at 858 projects/195,518 rooms, down 9% by projects and 8% by rooms. Projects scheduled to start construction in the next 12 months stand at 396 projects, up 1% YOY, and account fo...
U.S. Travel & Tourism Rebounds in 2021, May Surpass Pre-Pandemic Levels in 2022
WTTC | November 15, 2021
London – November 15, 2021 – The latest research from the World Travel & Tourism Council (WTTC) reveals the U.S. Travel & Tourism sector could experience year-over-year growth of 35.6% in 2021, significantly outpacing the year’s overall global tourism recovery. The outlook is even more rosy for 2022, with the travel sector in the U.S. expected to grow by another 28.4%, reaching nearly $2 trillion of the U.S. economy for a contribution exceeding pre-pandemic levels. By comparison, in 2019, the U.S. Travel & Tourism sector’s contribution to GDP represented nearly $1.9 trillion (8.6% of the U.S. economy). However, in 20...
Room Counts in China’s Hotel Construction Pipeline Reach All-Time High at the Q3 2021 Close
Lodging Econometrics | November 15, 2021
PORTSMOUTH, NH – November 15, 2021 – In the recently released China Construction Pipeline Trend Report by Lodging Econometrics (LE), at the end of the third quarter of 2021, China’s total construction pipeline stands at 3,571 projects/681,095 rooms, up 5% by projects and 7% by rooms year-over-year (YOY). Rooms in the country’s hotel construction pipeline are at an all-time high, and the pipeline is a mere three projects shy of the cyclical high of 3,574 projects set in the second quarter of 2020. While the COVID-19 pandemic continues to plague the global hospitality industry, China is showing signs of recovery. Large-scale vaccinat...
Back to Business (Travel)
STR | November 11, 2021
Undoubtably, leisure travel has created the most cause for celebration since recovery began from the global pandemic. However, to reach the next phase of performance recovery, the hotel industry needs business travel and groups to return in a big way. There have been early signs of that return in the U.S., and fortunately, the latest data for Europe indicates a similar return may be on the way. In-person conferences and events are slowly taking place across Europe as international restrictions continue to ease, such as the long-awaited end to the U.K. amber list on 4 October. In-person life is back, or is it? As in-person conf...
Hotel Profitability Global Update: Improvement for Most of the World in September
STR | November 11, 2021
November 11, 2021 — Profitability has improved across much of the globe as the hotel industry continues its slow recovery. In measuring that recovery, 2019 data is the benchmark, and by indexing with pre-pandemic levels, hoteliers can gain key context for the amount of profitability they are recapturing. Building on its initial launch in the U.S., STR now features monthly P&L data reporting in Europe, the Middle East, Asia Pacific, and the full Americas region. In our latest P&L press release focused on the Asia Pacific region, we noted that profitability in the region’s hotel markets was well below pre-pandemic levels as of...
Expedia Group Media Solutions Releases Q3 Trend Report for Travel Recovery
Expedia Group Media Solutions | November 10, 2021
SEATTLE, WA – November 10, 2021 – Expedia Group™ Media Solutions, the global travel advertising platform connecting marketers with hundreds of millions of travelers across the Expedia Group brand, today released its Q3 2021 Travel Recovery Trend Report. The quarterly report combines Expedia Group first-party data and custom research with actionable insights to help travel marketers on their continued road to recovery. “While the travel industry experienced ups and downs throughout Q3, we continued to see positive trends and overall progress on the road to recovery,” said Jennifer Andre, Global Vice President, Media Solutio...
Europe Hotel Pipeline Update
STR | November 9, 2021
During “normal” years, hotel development delays are common due to construction problems, permit issues, or some other minor situation solved by bumping an opening date. In these “pandemic years,” plenty of opening delays have also come from hotels unwilling or unable to operate amid lockdown restrictions or find adequate staffing to service a property during its ramp-up. Those types of delays, along with limited cancellations of planned projects, have contributed to Europe’s hotel pipeline reaching historic highs for the next three years. At the time of writing in early November, 67,840 rooms had opened in Europe in 2021, which ...
Middle East Q3 2021 Hotel Performance Update
STR | November 9, 2021
Several countries in the Middle East have been racing ahead of the rest of the world in vaccination rollout. The United Arab Emirates is a prime example with more than 86% of its population fully vaccinated as of 25 October 2021, according to Our World in Data.As vaccination rates improve, restrictions for international travel continue to be eased and demand in the hotel sector continues to improve toward pre-pandemic levels. In September, Middle East hotel occupancy was 58.6%, which was the region’s highest level since February 2020 and 93.9 % of the 2019 comparable (62.4%). Those levels reflect a consistent upward trend as the region’s ...
Altium Insurance Services Introducing Innovative Hospitality Pandemic Insurance
Altium Insurance Services | November 9, 2021
Underwritten by one of the world’s largest insurance carriers, Hospitality Pandemic Insurance provides protection against the loss of revenue experienced by a hotel franchisor, franchisee, management company, REIT, or operating company when a pandemic strikes; Exclusive product marketed by Belmonte Consulting LLC NEW YORK — November 9, 2021 —Altium Insurance Services (AIS) is introducing a first-of-its-kind pandemic insurance product for the hospitality industry, underwritten by one of the world’s largest insurance carriers. Available exclusively to hotel franchisors, franchisees, management companies, REITS, and operators of mu...
Baird/STR Hotel Stock Index Jumped 6.8% in October
Baird | November 8, 2021
HENDERSONVILLE, Tennessee, and MILWAUKEE — November 8, 2021 — The Baird/STR Hotel Stock Index jumped 6.8% in October to a level of 5,520. Year to date through the first 10 months of 2021, the stock index was up 20.7%. “Hotel stocks increased for the second straight month, but performance was led by the hotel brands once again,” said Michael Bellisario, senior hotel research analyst and director at Baird. “The hotel REITs were marginally higher in October, while the hotel brands were the absolute and relative winners. Delta variant concerns are in the rearview mirror now, and investors are looking forward to the recovery continuin...
Forecast: U.S. Hotel Demand and ADR Will Near Full Recovery in 2022
STR | November 8, 2021
NEW YORK — November 8, 2021 — U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according to the upgraded forecast just released by STR and Tourism Economics at the 43rd Annual NYU International Hospitality Industry Investment Conference. Additionally, revenue per available room (RevPAR) on a nominal basis is projected to be fully recovered in 2023. “We have essentially moved up the top-line recovery timeline by one year, with the caveat that improved RevPAR projections are largely due to ADR,” said Amanda Hite, STR’s president. “ADR has risen more rapidly than we expected...
Hilton Global Trends Report Unpacks Surprising Ways the Pandemic Changed People, Profiles Expected 2022 Traveler Passions
Hilton | November 4, 2021
MCLEAN, VA – November 4, 2021 – There is no doubt that the pandemic modified travel – but that’s just part of the story. Today, Hilton released a global trends report unpacking how the pandemic changed people. “The 2022 Traveler: Emerging Trends and the Redefined Traveler, a Report from Hilton” dives into an important truth: in two years, people’s lives were dramatically altered and that radically changed people. As a company that has welcomed 3 billion guests in its more than 100-year history, Hilton showcases within the report how it is evolving alongside the changing traveler, tackling areas of expertise such as: ...
Labor Costs Brought U.S. Hotel Profitability Down Further in September
STR | November 2, 2021
HENDERSONVILLE, Tennessee — November 2, 2021 — Increased spending on labor created lower gross operating profit for U.S. hotels, according to STR‘s September 2021 monthly P&L data release. Estimated labor costs came in at 96% of the comparable level from 2019, which was the highest index of the pandemic-era. All the key profitability metrics fell from August. GOPPAR: US$46.29 TRevPAR: US$140.94 EBITDA PAR: US$30.47 LPAR (Labor Costs): US$47.50 “Higher labor margins meant less room for profits, and the GOP margin fell for the second consecutive month to 33%,” said Raquel Ortiz, STR’s assistant dire...
Profitability in Asia Pacific Hotel Markets Well Below Pre-Pandemic Levels
STR | November 2, 2021
LONDON — November 2, 2021 — The hotel industries in seven key Asia Pacific markets reported profitability levels well below pre-pandemic levels, with only Beijing above 40% of the 2019 comparable, according to STR‘s September 2021 monthly P&L data release. Building on its launch in the U.S., STR now features monthly P&L data reporting in four world regions: Europe, the Middle East, Asia Pacific, and the Americas. Beijing’s gross operating profit per available room (GOPPAR) of US$29.91 was 70% of September 2019 levels. Singapore (US$39.99) came in at 35% using the same time comparison, while Hong Kong (US$6.22) wa...
Global Hotel Values Fall Due to Pandemic but Recovery Anticipated by 2025, Hears HVS Webinar
HVS | November 2, 2021
London – November 2, 2021 – Hotel values are not expected to make a full return to pre-pandemic levels until 2023-25 with some regions across the globe showing faster recovery than others, according to a webinar held by hotel consultancy HVS and EP Business in Hospitality this week [Wednesday 27th October]. HVS consultants from Europe, Middle East & Africa, Asia-Pacific, India and the Americas revealed the impact of the pandemic on hotel performance across the regions and the factors impacting recovery. While many markets faced additional issues including the rate of vaccination rollout, new hotel supply coming on stream, trave...
Tourism Tidbits: Developing Team Leadership in Uncertain Times
Peter Tarlow | November 1, 2021
By Dr. Peter Tarlow All too often tourism professionals talk about “partnerships and team leadership”, but unfortunately what many of them actually mean by that phrase is: "let's see what you can do for me." Agency-centric tourism, however, in this period of weather-related crisis, wars, political upheavals and pandemics is becoming more and more difficult to manage successfully. After 2020-2021 when tourism took an international pause, industry leaders in every aspect of travel and tourism, both in the private sector and in the public sector, have learned that in today's unstable market; communities and even entire nations need to...
1
Industry Happenings
2
Technology
3
Operations
4
All Things Independent
5
Market Reports
Today's News
Feedback Bribery
3 Winning Revenue Management Strategies, Plus New Skills for Hoteliers
Emily Nichols Appointed General Manager of the Kimpton Alton Hotel
2021 Cintas S.H.I.N.E. Award Names Housekeepers Who Are Key to Guest Satisfaction & Safety
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.