Hotel recovery
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...
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...
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 ...
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...
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