Global Hotel Industry Outlook
CBRE Releases 2024 Global Hotels Outlook
Sector-Specific Tailwinds Should Offset Broader Economic Challenges
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Topic - Global Hotel Industry Outlook
Global Hotel Industry Outlook
STR Reports Global Hotel Industry Starts 2023 Strong As More Than 60% of Properties Recovered RevPAR Versus 2019
Among all countries with room supply of more than 50,000 rooms, Israel, Switzerland, Singapore, France and the United Arab Emirates led in revenue per available room (RevPAR) on an actual basis. If you recall, Israel, Switzerland and Singapore were among the top five in RevPAR during 2022 and that strength has continued early 2023.
Global Hotel Industry Outlook
STR Reports Most Global Regions Showed Full RevPAR Recovery in 2022
Among the global regions, Asia saw the only decline in revenue per available room (RevPAR) from 2019, according to 2022 data from STR.
Global Hotel Industry Outlook
STR Reports Consumer Travel Outlook Better in the Short-term Amid Increasing Cost Pressures
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.
Global Hotel Industry Outlook
Regularity Marks Year-End Global Hotel Performance - By David Eisen
In a year full of abnormality, 2021 ended on a more settled note. The global hotel industry’s climb back to profitability has not been easy, but it trudged back and, despite a dearth lack of corporate and group travel, ended 2021 almost back to 2019 levels - the recognized baseline of recovery.
Global Hotel Industry Outlook
Omicron Threatens Hotel Performance Recovery - By David Eisen
Omicron—the newest variant that has already spooked markets and caused travel bans from some southern Africa countries. Though nascent, there is the reality and worry that the new strain could derail the hotel industry’s fledgling recovery, in particular if plans move forward to tighten testing policies, like in the U.S. Indications are that future hotel bookings, meetings and other hotel-related activity will be impacted by the presumed expectation of future travel impediments, whether self-imposed, company-imposed or government-mandated.
Global Hotel Industry Outlook
Global Hotel Performance Moderates With Summer's Close - By David Eisen
The cold hard truth is arriving with the chillier weather: global hotel performance has a ways to go before it's back to its former self.
Global Hotel Industry Outlook
With Summer's Last Breath, Global Hotel Industry Still Gasping for Air - By David Eisen
The collective hotel industry is facing a cold, hard truth: attaining the same level of pre-pandemic operational performance will not be measured in days, but months, even years. That's what August data from HotStats portends and at a crossroads, as summer gives way to fall and a host of new variables come into play that could derail the modest success the past several months have demonstrated.
Global Hotel Industry Outlook
Hotel Profit Climbs Higher, But Could Delta Derail It? - By David Eisen
Global hotel performance is improving month by month. That’s the good news. The more pressing concern is if it will remain that way. The hotel industry remains fragile, dodging each and every new impediment thrown its way. Still, the hotel industry presses forward.
Global Hotel Industry Outlook
2021 is Halfway Complete. How Far Has the Hotel Industry Made It Back? - By David Eisen
Gauging the global hotel industry’s recovery is a lot like poker: you play the hand you’re dealt as best you can and you never know what the next one will bring. Just when we thought we might be out of the woods, an uptick in new cases, the Delta variant and fervent discussion over the vaccinated and unvaccinated have conspired, resulting in the return of masks in some jurisdictions and worry around the globe that this pandemic has still a ways to go.