In recent years, Tucson has begun to emerge from the shadow of Phoenix. Tucson's temperate winter and spring and its five-star resorts contribute to making tourism the third-largest industry of the local economy. In this article, we provide an overview of Tucson and the recovery over the past two years during the pandemic, provide a snapshot of overall existing supply in both Tucson and Phoenix, and analyze transaction trends in both cities.
With the height of the pandemic behind us, we are shifting to a world where COVID-19 is ubiquitous and will be part of everyday life for the foreseeable future. How is this realization affecting the Nashville lodging industry? What segments are experiencing the strongest improvements, what areas are lagging, and are any lodging factors changed permanently? Here, we take a look at Nashville’s lodging recovery as of mid-year 2022.
Hotel companies are redesigning their loyalty programs to meet the changing consumer demands. Read on to know more.
Soaring inflation may dampen the hotel industry’s recovery in the near term, but there are some bright spots. Read on to know more.
The tale of the looming recession was mixed, with some forecasting a shallow, short-lived recession, and others expecting a more significant impact. The overall sentiment remains a positive one, and that cash flow growth should continue. Despite high inflation, other economic markers, such as consumer goods, mortgage default rates, and low unemployment rates, look positive.
The often-overlooked opportunity to multi-skill hotel employees is a great way to address the staffing issues in the Indian hotel industry. Read on to know more.
First quarter of 2022 RevPAR more than doubled first quarter of 2021 RevPAR in spite of Omicron. Airport markets had highest occupancy at 48.6% with Resorts trailing on their heels, at 47.2%. Highest ADR was at resorts at $241 up $13 over Q1 2019. Occupancy is still 13 points below 2019 but ADR only has a $5 gap to catch up to 2019 level which is projected to surpass over the summer months.
This article provides an overview of Santorini, one of the most visited destinations in Greece, along with the latest tourism and hospitality news from around the island.
This market pulse provides an overview of the tourism and hotel market in Paris, France. It discusses recent tourism trends and the strength of recovery following the COVID-19 pandemic as well as providing a summary of the extensive hotel pipeline.
The hotel ancillary revenue revolution is expected to gain momentum in the Indian hotel industry, with more radical revenue-generating avenues gradually finding favor. Read on to know more.