Generation Z Travellers believe that tourism benefits local communities, while also being aware of the personal benefits of travel, such asunderstanding other cultures and building life experiences and self-confidence. These were just two of the findings revealed in the study published by the European Travel Commission (ETC) aimed to understand the travel motivations and the broader world view of Generation Z.
Road Trips, Long Weekends Popular Among Would-Be Travelers, 68% Likely to Stay in a Hotel
Occupancy for the sector increased 83% from April to May, reaching a level of 49.4%. In April, short-term rental occupancy fell to 27%.
ADA website cases continue to be filed against hotels nationwide, but some courts are pushing back against serial plaintiffs. My partner, Marty Orlick, shares the news below from a website case filed in the Northern District of New York.
European hoteliers breathed a sigh of relief in early May when the European Centre for Disease Prevention and Control (ECDC) announced that region had passed the peak of coronavirus infections. Now comes the hard part: building back revenue and profitability. But if May data is any indication, things are getting better.
Like the rest of the world, the Middle Easts hotel industry fell off the cliff in March and sunk deeper in April. But if May is any indication, its fortunes may slowly be turning, albeit still well off pre-COVID levels. Momentum, however, could be blunted over the resurfacing of more cases across the region and some governments unwillingness to shut their economies back down.
Three U.S. major professional sports teamsthe Vegas Golden Knights of the National Hockey League, Las Vegas Aces of the Womens National Basketball Association, and Las Vegas Raiders of the National Football Leagueare based in Las Vegas. The importance of sporting events for the Las Vegas market extends beyond serving as the home for these professional teams. The return of sports will contribute to Las Vegas eventual recovery from the impact of the COVID-19 pandemic.
In the U.S., between April and May, total revenue per available room (TRevPAR) was up 39% (down 92% year-over-year) and gross operating profit per available room (GOPPAR) was up 32% to $-17.25 (down 116.2% YOY).
In their latest projection, STR and Tourism Economics forecast U.S. hotel demand will not return completely to pre-pandemic levels until 2023.
Asia-Pacific hotels may have reached their bottom. Gross operating profit per available room (GOPPAR) in May showed its first month-over-month (MOM) since December 2019, up 78.2% MOM jump, and at -$3.04 is making strides towards breaking-even after turning negative in March.