Urban Cores Still Not at 2019 Performance Levels
Over the last few years, Poland has developed a strong domestic tourism market because there is a solid leisure base in holiday resorts, as well as the business areas developed in the city. GDP is now forecast to grow by 4.8% in 2021 and 4.5% in 2022 in both the EU and the euro area. The forecast for Poland for 2022 is more promising: a 5.2% growth.
In the second quarter of 2020, metro-area Omaha hotels suffered unprecedented declines in demand, similar to most cities in the United States. With the widely available vaccines and the lifting of pandemic restrictions in early 2021, we explore how the citys recovery has begun and look at the long-term outlook for the market. We also examine recent trends in the Downtown Omaha hotel submarket relative to the overall Douglas County hotel market.
Is there hope for Latin America to recover soon and emerge from the Covid19 pandemic that has closed borders from Argentina in the south to Mexico in the north? This week the ForwardKeys analysts examined the latest travel statistics, looking for signs of recovery. The timing is pivotal with Mexico, Cuba and a few Caribbean islands re-opening their borders for business from early June and July 1.
Atrium Hospitality ranks highest in overall customer satisfaction – White Lodging (858) ranks second and Crestline Hotels & Resorts (855) ranks third
The Indian luxury hotel segment has been regaining developer interest in recent years due to the evolving market dynamics.
ForwardKeys Travel Analysis: European Summer Results
America's economic Leading Analytic, eLA, “fell 0.4 percent in August, after fifteen monthly advances in a row,” said Professor Evangelos Otto Simos, editor-in-chief, in comments made in the latest issue of the United States Leading Indicators Digest.
ForwardKeys reveals that summer in Spain was exactly how it was predicted to be international arrivals into Spain in July-August were half of 2019 levels. Spain managed to recover half of the volume of pre-pandemic internationals, down by 49.4% in 2019. On the flip side, domestic tourism was almost at pre-pandemic levels, covering for the loss of international visitors and three Spanish cities made it into the top 10 most resilient European cities list: Ibiza, Palma de Mallorca, and Malaga.
Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined to 5.2 percent. Job gains occurred in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Retail trade lost jobs.