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Topic - Global Hotel Industry Outlook Page 2

Global Hotel Industry Outlook
Skyscrapers - Samson on Unsplash

Global Hotel Demand Uptick Tussles with Competing Costs - By David Eisen

With the global pandemic showing some signs of relent, the collective hotel industry is reaping the reward, as travelers get back on planes or hit the road for a well - needed break from work - from - home monotony and Netflix overload. The hotel industry is happy to welcome them back, but a continued revenue shortfall - the product of some segments still not returning with gusto, such as corporate and group - complemented by expense creep and an all - too - difficult labor market, are having consequence on the bottom line.

Global Hotel Industry Outlook
Arrows pointing upward - Unsplash

A Year After the Hotel Industry Collapsed, Guests - and Performance - Trickle Back - By David Eisen

April 2020 was not for the faint of heart. The month will live in infamy for the global hotel industry, which saw the bulk of its key performance indicators sink to unprecedented levels, an unfortunate by-product of the COVID-19 vapor. The subsequent 12 months have been a slog, but as the world transitions slowly back to a semblance of normalization, hotels are following suit. In sum: Performance is improving, but it’s still ways away from the pre-pandemic era.

Global Hotel Industry Outlook
A condo building - Unsplash

A Year Later, the Hotel Industry Recalibrates, Reassesses - By David Eisen

Just over a year after the World Health Organization declared COVID - 19 a pandemic, the global hotel industry is - slowly - stirring from hibernation and seeing at least modest gains in traveler demand. The wait has been long, and it remains a work in progress. But making headway is all you can ask for after a 12 - month headache.

Global Hotel Industry Outlook
A world globe - Unsplash

Around the Globe Hotel Profit Perks Up, Just Not in Europe - By David Eisen

The U.S. hotel industry was in need of a month like February. For Europe, it was another in a string of profitability pain. In a turnaround from previous months, gross operating profit per available room (GOPPAR) in the U.S. turned positive in February and at $10.82, it was 675.5% higher than in January. Though the jump into positivity after eight of the last 10 months being negative was cause for celebration, GOPPAR in February is still 89.5% down over the same time a year ago.

Global Hotel Industry Outlook
A man holding a sign- Photo by Mick Haupt on Unsplash

Global Hotel Profit Performance Divides in New Year

Turning the page doesn’t always assure a better result. After the worst performing year on record, the hotel industry was ready for 2021, but resigned to the fact that a new year doesn’t mean things automatically get better. The harsh reality is a global pandemic that has ceased to fully recede. Still, there is cause for optimism. Though travel remains stunted across the world, some regions are showing signs of sustained performance positivity. Include Asia-Pacific and the Middle East on that list.

Global Hotel Industry Outlook
A world globe - Unsplash

Profit Plunge Has Hotel Industry Looking to Brighter 2021

As a fresh round of stricter COVID-related guidelines grip many parts of the world heading into the new year, the hotel industry is still feeling and reeling from the sting of the pandemic, though breakthrough vaccines could be the antidote to spur devitalized demand.

Global Hotel Industry Outlook
A world globe - Unsplash

U.S. Flips to Positive Hotel Profit As Europe Backslides

Bouncing back to profitability is proving a Sisyphean task for U.S. hotels. The rest of the world is having a slightly easier path. For the seventh consecutive month, U.S. hotels in September remained in negative gross operating profit per available room territory and at $-9.19, it was a 34% regression from the month prior and a 109.6% year-over-year decrease, according to new data from HotStats.

Global Hotel Industry Outlook
A world globe - Unsplash

U.S. Hotel Profit Stuck in Neutral; Rest of the World Switches Gears

Bouncing back to profitability is proving a Sisyphean task for U.S. hotels. The rest of the world is having a slightly easier path. For the seventh consecutive month, U.S. hotels in September remained in negative gross operating profit per available room territory and at $-9.19, it was a 34% regression from the month prior and a 109.6% year-over-year decrease, according to new data from HotStats.

Global Hotel Industry Outlook
Globe focused on China - Unsplash

HotStats Global Hotel Industry Outlook Reveals U.S. Only Region to Not Return to Profitability

Hoteliers outside the U.S. have cause for muffled celebration: Europe, Asia-Pacific and the Middle East all showed positive gross operating profit per available room (GOPPAR) in August. The U.S. now becomes the only region that has yet to turn a positive month of profit since the COVID-19 pandemic took hold. Meanwhile, China is showing a true V-shaped recovery in profit, having matched December 2019 GOPPAR in August.