During a webinar opened moderated by HVS London Chairman Russell Kett, the webinar also included a straw poll, in which 51% of the over 1,800 global participants said they expected RevPAR (rooms revenue per available room) to return to pre-COVID-19 levels during 2023, with a further 23% anticipating a return in 2024.
Analysing restrictions up to 1 September, the research carried out by the United Nations specialized agency for tourism found that a total of 115 destinations (53% of all destinations worldwide) have eased travel restrictions, an increase of 28 since 19 July. Of these, two have lifted all restrictions, while the remaining 113 continue to have certain restrictive measures in place.
The travel and tourism (T&T) sector witnessed an uptick in Q3 2020 earnings transcript sentiment scores, according to GlobalData, a leading data and analytics company. Hotel operators sentimental growth was influenced by improvements in occupancy rates, while airline companies sentiments were largely influenced by enhanced liquidity.
Dubai, a hub of international travel, has seen a greater occupancy hit when compared with neighbouring markets, which made the strong occupancy increase over the Eid Al-Adha weekend even more heartening for accommodation providers in the market.
A total of 115 deals were announced in the global travel and tourism sector during August 2020, which is an increase of 4.5% over 110 deals announced during the previous month, according to GlobalData.
Airport testing pilot corridor between London and New York could herald the return of international travel – Global inbound business travel contributes more than US$272 (£215) billion a year
Of those contacted for the survey, almost 95 percent expected the German hotel market to recover to its 2019 record level by 2022 or 2023 latest; none of the respondents, however, were expecting a full recovery next year.
Marriott International Inc. (NASDAQ: MAR) is laying off hundreds of workers at its Bethesda headquarters because of the ongoing impacts of the Covid-19 pandemic that have ravaged the travel industry.
On Tuesday 1st September HVS, together with the Israel Ministry of Tourism, presented a lockdown seminar on the Israel Hotel Sector. Some 300 people joined us for this event and you are welcome to watch a video recording.
The 2020 edition of World Tourism Day will celebrate the unique role that tourism plays in providing opportunities outside of big cities and preserving cultural and natural heritage all around the world.