Strength in Average Daily Rate Now Expected to Drive 2022 RevPAR Above 2019 Levels
PwC Hospitality Directions | May 23, 2022
Before Covid and After Covid
Larry and Adam Mogelonsky | May 18, 2022
Hotel Recovery
Getting Back to Getaways: 2022 Deloitte Summer Travel Survey
Deloitte Transportation, Hospitality & Services | May 24, 2022
Against the backdrop of a persisting pandemic, the Deloitte 2022 summer leisure travel survey explores Americans’ travel intent Eileen Crowley Michael Daher Peter Caputo United States United States United States Anthony J. Jackson Maggie Rauch Bryan Terry United States United States United States As the COVID-19 pandemic moves through unpredictable ups and downs, intent to travel continues to climb higher. Unhindered by continued news about variants or by rising airfares and hotel rates, travel intent has reached a level that would have been high befo...
Strength in Average Daily Rate Now Expected to Drive 2022 RevPAR Above 2019 Levels
PwC Hospitality Directions | May 23, 2022
Despite an initial pullback in the recovery timeline caused by a surge in infections from a new omicron variant of the COVID-19 virus in December and January, continued improvement in top-line metrics for US hotels is expected for the remainder of this year and next. While leisure travel continued to drive much of lodging’s demand in Q1, individual business travel and group business have started to emerge as we head into the warmer months. Strong leisure business is expected to cause demand compression over the summer, driving room rates and resultant RevPAR levels to new highs. If tensions ease in Ukraine and immunity levels continue to in...
Recent U.S. Occupancy Leaders Appeal to Both Business and Leisure Travel
STR | May 23, 2022
For the four-week period ending 14 May 2022, more than three-quarters of all U.S. hotel markets outperformed their comparable 2019 revenue per available room (RevPAR) on a nominal basis. Of 165 STR-defined U.S. markets, only 38 fell short of their 2019 RevPAR, which was a solid improvement from 52 underperformers in April’s “bubble” blog update. Industry RevPAR looks to be on steady footing; however, a look at RevPAR contribution shows a greater influence from average daily rate (ADR) as opposed to occupancy in many areas. As a result, we decided to focus in on occupancy for performance leader callouts in this month’s up...
Amadeus Data Alert: Memorial Day 2022 On Track to Exceed 2019 Hotel Market Performance
Amadeus | May 23, 2022
As the summer travel season starts in the US, top markets for travel during the Memorial Day holiday weekend reflect a broad range of climates and activities including resort areas in Hawaii and Florida, major city centers, and smaller communities in the northeast and west. According to Amadeus’ Demand360® data as of May 15, 2022, occupancy is currently at 51% for the United States Memorial Day holiday weekend, with guests arriving on Friday, May 27 and departing Monday, May 30. This is matched to hotel occupancy for the same time in 2019 and exceeds occupancy in 2021 (47%) and 2020 (11%). When we consider that booking lead times ar...
Tourism Tidbits: Getting Ready for the Family Vacation Season
Dr. Peter Tarlow | May 19, 2022
By Dr. Peter Tarlow Although most family vacations will not occur in the Northern Hemisphere until June - August, May is the month when families plan their vacations. The family vacation market is a huge part of the travel industry and in this period when families seek to get away after multiple lockdowns, the tourism industry would be wise to offer multiple alternatives, especially in this year of high inflation and transportation problems, especially in the world of air travel. Prior to the Covid pandemic lockdowns, tens of millions of families took family vacations and many of these people traveled with children under the age of 18....
Before Covid and After Covid
Larry and Adam Mogelonsky | May 18, 2022
By Larry and Adam Mogelonsky The terms BC (Before Christ) and AD (Anno Domini) define the numerical labels of the Gregorian Calendar that is in use in most of the Western World. For hoteliers, we need to adapt this approach to the world of ‘Before Covid’, which ended in 2019, and ‘After Covid’ which is unfurling before our eyes right now in 2022. The effects of the pandemic were of such significance that making comparisons of AC business to BC results are almost irrelevant. Given that the effects of the coronavirus can be seen as a direct result of the increasing globalization of the world, travel, hotels, restaurants, cruises a...
Hospitality’s Recruitment Issues Need Short- and Long-Term Solutions and a Flexible Approach, Hears Industry Webinar
HVS | May 18, 2022
18 May 2022, London: Improving the hospitality industry’s recruitment issue is a multi-faceted challenge with no quick fix but the need for short-term as well as long-term measures, attendees of an industry webinar heard yesterday [17th May 2022]. Introducing the 16th industry webinar organised by global hotel consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners, Bird & Bird partner Karen Friebe said that finding staff was the most pressing challenge facing the industry today. A straw poll of webinar attendees revealed that 52% had over 10% fewe...
India Hotel Performance Continues to Eclipse Pre-Pandemic Levels
STR | May 17, 2022
India’s hotel performance recovery resumed early in 2022, but April seemed to be the turning point with the country outpacing pre-pandemic comparables in occupancy and average daily rate (ADR) for three consecutive weeks. Leisure markets have continued to lead recovery, but business travel is also back in the country post-Omicron. Forward bookings also appear to be healthy for the remainder of May with most pickup remaining short-term. 20 straight days above pre-pandemic comparables Running 7-day occupancy and ADR had been trending at 90% or better of 2019 levels since the latter portion of March, with occupancy eclipsing pre...
International Travel Set to Maintain Growth in 2022 With Full Recovery Expected by 2025, Observes GlobalData
GlobalData | May 16, 2022
International departures will reach 68% of the pre-COVID-19 levels globally in 2022 and are expected to improve to 82% in 2023 and 97% in 2024, before making a full recovery by 2025 at 101% of 2019 levels, with a projected 1.5 billion international departures. However, the trajectory for the recovery in international departures is not linear across regions or countries, says GlobalData, a leading data and analytics company. Hannah Free, Travel and Tourism Analyst at GlobalData, comments: “International travel from North America had shown improvement in 2021 as international departures grew by 15% year-on-year. The US rose to become the ...
Travel & Tourism Sector Across Africa Expected to Create 14 Million New Jobs Within the Next Decade
WTTC | May 16, 2022
Travel & Tourism GDP growth set to outpace the overall economy for the next 10 years London, UK: The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the African Travel & Tourism sector is expected to create almost 14 million new jobs over the next decade. The positive forecast from the World Travel & Tourism Council (WTTC), which shows an average of 1.4 million new jobs every year, also reveals the sector will lead the economic recovery in the region, with its annual GDP growth set to outpace the overall economy for the next 10 years. According to the report, Travel & Tourism’s GD...
$150 Million Targeted for Georgia’s Hotels Will Get the Industry ‘Back on Its Feet’
GHLA | May 16, 2022
ATLANTA (May 16, 2022) — A $150 million grant announced by Gov. Brian Kemp today will dramatically improve the future of Georgia’s hotel and lodging industry, according to leaders of Georgia Hotel & Lodging Association (GHLA), the group charged with implementing the federal grant that will bring much-needed financial relief to an industry ravaged by the pandemic. GHLA’s program, Save Georgia Hotels, is an American Recovery Plan Act (ARPA) Negative Economic Impact grant that will help hotel operators and hotel employees return to work. All awarded funds must be used at Georgia properties. Funds used according to the rules and over...
The “Great Return” Is in Motion; Workers, Students, Companies and Travelers Re-Embrace the City Center
JLL | May 12, 2022
Office occupancy and urban hotel demand are both steadily increasing CHICAGO, May 12, 2022 – While at-home work and a shift away from city centers was widely embraced during the throes of the pandemic, recent data points suggest the “Great Return” is in motion. City centers have historically served as the cultural and commercial heart of cities and as William Shakespeare once said, “What is the city but the people?” This statement resonates now more than ever as cities are being reawakened and re-embraced by the workers, students and companies that call them home. As of April, many big tech and financial corporations have called ...
Up, Up & Away: 77 Percent of Americans Are Planning Getaways This Year
Redpoint Global | May 12, 2022
Redpoint Global today announced new research revealing trends around personalization and overall sentiment toward travel in 2022. While most travelers are itching to travel after years of restrictions, 54 percent of travelers have yet to book their 2022 trips. Redpoint’s survey results reveal some of the key trends shaping travel plans as well as the expectations from consumers about how travel and hospitality brands can best guide customer experiences. The top areas that consumers cite concern for travel are around health and safety (29 percent) and costs around travel (25 percent) and gas prices (17 percent). Customer satisfaction remai...
New Survey Finds U.S. Pre-Departure Testing Is Significant Barrier to International Travel and Economic Recovery
U.S. Travel Association | May 12, 2022
Economic losses mounting as U.S. maintains outdated requirement WASHINGTON (May 12, 2022)—A new survey conducted by Morning Consult for U.S. Travel Association reveals the inbound pre-departure testing requirement imposed by the federal government is having a devastating impact on travelers’ likelihood of visiting the United States this summer and remains a major barrier to economic recovery. A survey of vaccinated international travelers in France, Germany, the United Kingdom, South Korea, Japan and India found that pre-departure testing requirements are a deterrent to travel and are making it significantly less likely that people ...
Taking Back Market Share From Short-Term Rentals
Larry and Adam Mogelonsky | May 11, 2022
By Larry and Adam Mogelonsky The blinders are on as every hotel looks to cope with a swing back to high occupancies during the upcoming peak summer travel season. But think beyond this travel recovery scenario and you’ll see that the terrain has permanently shifted in favor of short-term rentals as leaders in some markets. We’ve been forecasting for quite some time that Airbnb, Vrbo and the like would come to not only take travelers from hotels but also influence the direction of the entire accommodations industry. Look no further than the gains seen from Airbnb’s earnings report from Q1 2022 released at the beginning of May. This...
Middle East Travel & Tourism Sector Expected to Create 3.6 Million New Jobs Within the Next Decade
WTTC | May 10, 2022
Travel & Tourism GDP set to outstrip the overall economy for the next 10 years London, UK: The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the Middle East is expected to create nearly 3.6 million new jobs over the next decade. The forecast from the World Travel & Tourism Council (WTTC), which shows an average of 360,000 new jobs every year, also reveals the sector will lead the region’s economic recovery, with its average annual growth set to outpace the overall economy for the next 10 years. According to the report, Travel & Tourism’s GDP is for...
Charleston the Second Most Expensive US Destination This Spring, Survey Reveals
Cheaphotels.org | May 5, 2022
Charleston, S.C., May 5, 2022 -- Charleston, the famous port city in South Carolina, is the United States' second priciest spring destination, according to a survey by Cheaphotels.org.The survey compared hotel rates in destinations across America during May 2022. Only hotels rated 3 stars or more and located close to a beach or city center/town center were included in the survey.In Charleston, visitors will have to spend $374 on average per night for the most affordable double room. Only the Hawaiian resort town of Poipu on Kauai island is pricier, with an average nightly rate of $397.Compared to spring 2021, rates have increas...
Recovery Outlook for the San Diego Lodging Market
Marcus Lee | May 5, 2022
By Marcus R. Lee Amid a worldwide pandemic, RevPAR for Greater San Diego fell approximately 50.0% in 2020 from 2019 levels.[1] This compares to a 47.5% drop for the United States as a whole and a 57.6% drop for the top 25 markets in the nation, according to STR. By year-end 2021, the greater San Diego market’s RevPAR had recovered to just under 80.0% of the pre-COVID performance. This rebound is less than the 83.0% recovery experienced nationally, but stronger than the 67.0% recovery of the top 25 markets. On June 15, 2021, the State of California retired the majority of its COVID-19 restrictions and entered a statewide reopening phas...
The World Travel & Tourism Council Reveals Massive Increase in Global International Inbound Travel
WTTC | April 25, 2022
Flight bookings suggest a hot summer ahead for key destinations across Asia-Pacific, Europe and the Americas Manila, Philippines: The World Travel & Tourism Council (WTTC) and its knowledge partner ForwardKeys, forecast a major increase in global international flights bookings as international travel takes off. The booking bounce back was revealed at WTTC’s prestigious 21st Global Summit, taking place this year in Manila, as the world continues to reopen from the pandemic. News of the strong recovery highlights a promising prospect ahead for summer holiday travel, with sun and sea destinations, such as the Caribbean and Latin...
Travel & Tourism Sector Expected to Create Nearly 126 Million New Jobs Within the Next Decade
WTTC | April 21, 2022
One in three of all new jobs set to be created within Travel & Tourism Travel & Tourism GDP could reach 2019 levels by 2023 MANILA, Philippines: The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector is expected to create nearly 126 million new jobs within the next decade. The bullish forecast from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, also shows the sector will be a driving force of the global economic recovery, creating one in three of all new jobs. The announcement was made today by Juli...
Largest U.S. Hotel Markets Showed Considerable RevPAR Gains as Spring 2022 Began
STR | April 20, 2022
More than two-thirds of STR-defined U.S. hotel markets (113 of 165) outperformed their 2019 comparables over the four weeks ending 9 April 2022, which is reflective of the industry’s rebound toward normalcy as well as some influence from inflation. Only seven markets in total over the 28-day period reported revenue-per-available-room (RevPAR) indices below 80 (20% below 2019 levels). Late March into early April 2022 also marked a key turnaround in the number of major markets making appreciable performance gains toward historical performance levels. A dozen of the Top 25 Markets experienced RevPAR that was 20% or higher month over month. ...
U.S. Travel Association Reacts to Federal Mask Mandate Action
U.S. Travel Association | April 19, 2022
WASHINGTON (April 19, 2022)—U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Biden administration’s announcement that the federal mask mandate will not be enforced on public transportation and in transportation hubs at this time: “The current decision to halt enforcement of the federal mask mandate effectively returns the choice of mask usage on planes and other forms of public transportation to travelers and travel industry workers, a further step toward endemic management of Covid.” “We also continue to urge the administration to immediat...
STR: U.S. Hotel Results for Week Ending 9 April
STR | April 14, 2022
HENDERSONVILLE, Tennessee — April 14, 2022 — U.S. hotel performance increased from the previous week, according to STR‘s latest data through 9 April. 3-9 April 2022 (percentage change from comparable week in 2019*): Occupancy: 66.4% (-4.7%) Average daily rate (ADR): US$150.45 (+10.6%) Revenue per available room (RevPAR): US$99.93 (+5.4%) Among the Top 25 Markets, Tampa saw the highest occupancy increase over 2019 (+6.2% to 84.0%). Minneapolis experienced the largest occupancy decrease from 2019 (-29.5% to 51.4%). Miami posted the largest ADR increase over 2019 (+49.6% to US$328.35). ...
Hospitality Asset Managers Association (HAMA) Release “Spring 2022 Industry Outlook Survey” Results
HAMA | April 13, 2022
BOSTON, MA — April 13, 2022 — The Hospitality Asset Managers Association (“HAMA”) today released the results of its Spring 2022 Industry Outlook Survey. The semi-annual report collected the opinions, experiences and predictions of nearly 100 hotel asset managers concerning the hospitality industry since the beginning of the pandemic through today. The survey also addressed respondent’s thoughts on the future outlook of the industry. Presented live in Hollywood, Fla., the survey was conducted in advance of HAMA’s 2022 Annual Spring Meeting. In total, 84 asset managers, comprising approximately half of membership, partici...
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