Brazil Hotels Recovering ADR Much Faster Than Occupancy
STR | October 18, 2021
After a difficult winter, Brazil’s hotel occupancy is once again on the rise, reaching 44% in August 2021, or about 74% of the 2019 comparable. While occupancy recovery has been slow, the country’s rebound in average daily rate (ADR) has been strong, with monthly rates even exceeding 2019 levels earlier this year. August ADR reached BRL295.05, which was just 3.4% below 2019, as shifts in demand and supply have helped drive impressive ADR performance. Domestic demand With international travel difficult at best, impossible at worst, Brazil’s hoteliers have relied almost entirely on domestic demand. This has led to strong p...
STR: U.S. Hotel Results for Week Ending 9 October
STR | October 14, 2021
HENDERSONVILLE, Tennessee — October 14, 2021 — Lifted by the long Columbus Day weekend, U.S. hotel performance rose to a level similar to late-summer, according to STR‘s latest data through 9 October. 3-9 October 2021 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-9.6%) Average daily rate (ADR): US$134.63 (+2.4%) Revenue per available room (RevPAR): US$86.02 (-7.4%) The occupancy level was the highest since the week ending 14 August, while ADR came in higher than every week since the one ending 21 August. While none of the Top 25 Markets recorded an occupancy increase ov...
London’s Outlook: An Analysis by Hotel Class
STR | October 11, 2021
When booking a hotel room, guests are considering more factors than ever in deciding which property to call home in their destination. One of the many considerations is price, and by extension hotel class, which leads us to this latest analysis of occupancy on the books in London. Examining future occupancy levels by class allows for a better understanding of the traveler booking rationale for the upcoming months. Merry Christmas and not such a Happy New Year The short-term outlook for London is positive as summer ends and the industry transitions into the typically slower autumn and winter months. Leading bookings in the short-term are...
A Brighter Future for Colombia?
STR | October 11, 2021
Colombia’s accelerated vaccination rollout and lessened restrictions on eligibility pushed the country’s vaccination rate to 32.1% as of 22 September, according to Our World in Data. Is that growing vaccination rate helping improve hotel performance in this key South American country? The answer would seem to be, yes, but to a lesser extent for some areas of the country. As noted in one of our first articles regarding the early stages of Colombia’s recovery, the country’s hotel performance has been closely tied to the pandemic timeline. Most recently in August, Colombia’s hotel occupancy reached 48.8%, which was 76.9% of the 20...
Rising Costs, Staffing Shortages and Multi-Speed Recovery Play Havoc With the UK Hotel Sector
HVS | October 7, 2021
06 September 2021, London: Resetting the hotel balance sheet to be fit for recovery was the theme of the latest conference organised by global hotel consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners. Addressing both in-person and online delegates yesterday [5th October 2021) Graeme Smith, EMEA head of hospitality & leisure at AlixPartners considered the support received by hotels from lenders, resulting in limited restructuring activity, despite disruption that the pandemic caused. “There are now a number of different lenders, the landscape ...
STR: U.S. Hotel Results for Week Ending 2 October
STR | October 7, 2021
HENDERSONVILLE, Tennessee — October 7, 2021 — U.S. hotel performance dipped from the previous week, according to STR‘s latest data through 2 October. 26 September through 2 October 2021 (percentage change from comparable week in 2019*): Occupancy: 61.7% (-9.2%) Average daily rate (ADR): US$130.87 (+1.2%) Revenue per available room (RevPAR): US$80.78 (-8.2%) Among the Top 25 Markets, Phoenix recorded the only occupancy increase over 2019 (+1.8% to 66.0%). The market also recorded the largest RevPAR gain when compared with 2019 (+15.2% to US$88.82). Oahu Island experienced the steepest occupa...
2022 Hospitality Industry Forecast
Robert Rauch | October 7, 2021
By Bob Rauch Note: last month, we started using a debate platform to ask readers about their thoughts on a subject, so we ask this question above that can be answered from the sided.co debate platform. 2022 – A Magical Year or More Misery? That’s easy – our hospitality forecast says the bumpy ride is coming to an end. We should assume 6 more months; October through March might remain uneven or bumpy. Why? Because business travel is not back and group business is just starting to book going forward. International travel will likely return in April, 2022 when we should be back to 2019 numbers. The 2022 hospita...
Knowland Reports Continued Double-Digit Growth as Group Demand Returns
Knowland | October 6, 2021
U.S. Meetings and Events Volume Up 17.2 Percent for September 2021 ARLINGTON, Va. — Oct. 6, 2021— Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, today released its monthly meetings and events data for September. The numbers reveal that September U.S. group meetings volume increased 17.2 percent over August 2021. Double-digit growth continues as group demand returns. New metric levels are emerging which may be a result of short-term adjustments during this transitional period or the signaling of a reset of industry KPIs. • Average attendees hit highest number since ...
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