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.
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.
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.
Sports tourism has uplifted and changed the fortunes of the hotel industry globally after COVID. Read on to know more.
In 2021 limited/select service hotels which represent almost half of the hotels in Canada are leading the recovery over 2019 with hotel demand down by 20% and average rate down by 8% resulting in a RevPAR decrease of 28%. We will be much closer to recovery when the removal of COVID restrictions allow our full-service hotels to follow in the limited/select service footsteps.
RevPAR across Canada September YTD is up 18% but still only at 45% of September YTD 2019. 2022 should prove to be a strong recovery year!
Limited-Service hotels are leading the recovery in 2021 with YTD June showing higher occupancy than in 2020 and RevPAR down only just over $1. Full-Service hotels face greater challenges but the light at the end of the tunnel is starting to shine!
Due to travel restrictions, Staycations flourished as one of the few remaining sources of leisure demand. We interviewed hospitality experts and conducted a survey to gather data on consumers’ behavior and hoteliers’ response with regards to Staycations in Canada and beyond. Through this article, we share innovative strategies hoteliers can use to develop competing Staycation packages aiming to attract one of the identified Staycations subsegments: Dreamers, Explorers and Business Staycationers.
The COVID-19 pandemic delivered a substantial blow to Detroit. However, the city had one of the lowest RevPAR declines in 2020 among the top 25 markets, with only four leisure-oriented markets performing better. Is this a sign of Detroit’s famous resiliency, or was it merely the fact that Metro Detroit had less to lose?