In spite of a very soft Q1 in 2022 the RevPAR decline has closed to 11.1% year-to-date through June over 2019 in comparison to the RevPAR decline of 62.3% at year end 2020 over 2019. Canadian airport markets are leading the recovery with occupancy rates while downtown markets are experiencing unprecedented ADRs. The luxury segment is witnessing the greatest ADR growth coupled with still the greatest decrease in market demand. These are definitely interesting times in the hotel industry!
Hotels and healthcare facilities, two key stakeholders in the growing medical tourism segment that successfully collaborated to provide quarantine services during the pandemic, should now build on this success to realize medical tourism's true potential.
This market pulse provides an overview of the tourism and hotel market in Amsterdam, The Netherlands. It discusses recent tourism trends and the strength of recovery following the COVID-19 pandemic as well as providing a summary of the hotel pipeline.
This article briefly discusses the Indian hotel sector's performance in the first half of the calendar year 2022.
The global aviation industry is experiencing severe staffing shortages, which are negatively impacting operations and traveler experience. Skill shortages are not new, but the pandemic has exacerbated them. Continue reading to learn more about how the industry is addressing these challenges.
Luxury trains are making a comeback around the world following a COVID-induced hiatus. India’s Palace on Wheels and the Maharajas' Express, two of the world’s best luxury trains, are also set to return later this year. Read on to know more.
An assessment of the accuracy of traditional approaches to valuing the economic contribution of convention, sports, and entertainment venues reveals significant limitations of economic impact models that tend to produce noisy and sometimes biased estimates. Venue owners and destination market organizations need improved methodologies to estimate the return on public sector investment in capital improvements, marketing and sales, and venue operations.
Based on his vast experience of Palm Springs, California, Rod Clough provides curated recommendations for dining, shopping, lodging, and passing the time in this desert oasis.
Hotel leasing has been a slow starter and is not a preferred model with operators in India. However, this could change with revenue share leases gaining traction. Read on to know more.
With leisure demand driving the recovery in the hotel industry, all-inclusive resorts are in high demand around the world, especially now that travel costs are rising, and travelers are looking for vacations that provide the best value for their money. Read on to know more.