Absolute occupancy fell slightly from August (60.5%), but the ADR level was the markets highest since May and the RevPAR level was the highest since June. For context, pre-pandemic comparables from September 2019 were 62.1% occupancy, SAR553.14 ADR and SAR343.47 RevPAR.
The absolute ADR level was the highest in Berlin since March 2020, while RevPAR was the highest since February 2020. Occupancy was slightly lower than a domestic-driven 65.4% in August but was still the markets second highest level since February 2020.
JLL's annual holiday survey results show consumers plan to spend 25.4 percent more this year, an average of $870 per person on all holiday-related purchases, compared to an average of $694 in 2020 – meaning this years spending is nearing 2019s pre-pandemic average budget of $874.
Hiring momentum in the Indian hospitality industry is improving as several companies resume their hiring plans. However, various issues may make it difficult for them to close the gaps. Read on to know more.
To understand the latest shifts in travel expectations, attitudes and behaviors – as well as the sustainability of those shifts – PwC surveyed more than 1,300 US consumers in April 2021 and compared the results to earlier surveys conducted in April and August of 2020. Most respondents to our latest survey told us they have at least one flight and/or an overnight stay planned for business or leisure within the next 12 months
Latin America, including Central America and some Caribbean destinations, is gearing up for a hot and spicy Christmas this year as international travellers seek some respite in the sun during the Northern Hemisphere winter. However, youd be surprised to learn which global origin markets are behind this subtle reactivation!
U.S. hotel industry demand retreated in the latest week of reporting (26 September-2 October), failing to align with a rise in TSA security screenings. Normally, we expect an uptick in air passengers to yield an increase in hotel demand. This week was an exception with occupancy slipping 1.5 percentage points to 61.7%.
Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell to 4.8 percent. Job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined.
Among the Top 25 Markets, Phoenix recorded the only occupancy increase over 2019 (+1.8% to 66.0%). The market also recorded the largest RevPAR gain when compared with 2019 (+15.2% to US$88.82).
Recent weather disasters, social unrest and a heightened awareness of racial bias have prompted hoteliers to double down on their commitments to become better corporate citizens and do more to address environmental, social and governance (ESG) issues. These are moves toward a social good, sure, but also have ramifications on hotel company P&Ls.