Trends

Latest GBTA poll shows non-essential business travel gaining but critical functions for business continue to be impacted by global travel restrictions

In spite of ongoing challenges, the pandemic has ignited a renewed passion for travel and fresh experiences among Spaniards that hotels must be ready for, new research by SiteMinder, the world's largest open hotel commerce platform, has found.

The U.S. holds the majority of rooms in construction in the region. In addition to the U.S., Mexico (13,721) and Canada (9,325) have the highest number of rooms in construction in the region.

Monthly Sales Data Reflects Air Travel Recovery

Following the normal pre-4th of July slump, U.S. industry occupancy rebounded to 67.2% for the week ending 10 July 2021. While this was good news, the gain was much less than expected as weekly demand improved 3% to 26 million.

A joint analysis of the latest air ticketing data by data firm ForwardKeys and Emprotur, Empresa Potiguar de Promotion Turística, shine some positive light on domestic tourism in Brazil, particularly to the star of Rio Grande do Norte, Natal, as the city demonstrates resilience and demand. The overall performance of the Brazilian domestic market in June reached 108% of the 2019 demand, encouraging considering the current climate.

The Covid-19 pandemic has had a significant impact on the financial wellbeing of hotels around the world, especially in regions that have experienced prolonged lockdowns and reduced travel. Real estate investment funds and managers, such as Apollo, KSL Capital, and Tristan Capital Partners, have taken advantage of the growing amount of opportunities to purchase distressed hotel assets.

Post-pandemic policies fail to meet investor and employee demand for greener travel, Emburse research reveals

U.S. hotel occupancy improved week over week, while average daily rate (ADR) was the highest on record, according to STR‘s latest data through 10 July.

The impact of the COVID-19 pandemic on the timeshare industry was significant. However, a survey conducted by HVS Shared Ownership Services, as well as other sources for the industry, indicate a generally optimistic outlook for a recovery and rebound.