Consumer Travel Outlook Better in the Short-Term Amid Increasing Cost Pressures, Declining Travel Disruption and Fewer COVID-19 Concerns

STR | December 5, 2022

Via STR’s Market Recovery Monitory through 12 November 2022, a pandemic-era high 52% of global hotel markets achieved real (inflation-adjusted) revenue per available room (RevPAR) above 2019 levels on a 28-day moving basis. In the U.S., 62% of markets exceeded their pre-pandemic comparable during the period. In the face of mounting economic challenges, the war in Ukraine and soaring inflation in many parts of the world, these encouraging results highlight the continued resilient performance of the global hospitality industry. Building on previous research conducted throughout the pandemic, STR canvassed opinion among consumers in No...