Buyers face challenges with high pricing, elevated operating costs, and labor issues, but the industry remains optimistic.
Unlike in mature hotel markets where transaction activity has been regaining ground, hotel transactions in India have not witnessed the surge which was expected on account of the stress caused by COVID.
This article discusses the key trends in hotel brand signings witnessed in the Indian hotel sector in 2021.
After facing a severe downturn in 2020 with a GDP contraction of around -2.1%, the Israeli economy rebounded strongly in 2021, recording growth of 7.1%. This article explores the hotel performance and development pipeline in Israel.
Caravan tourism, a well-established niche segment of experiential tourism globally, is still at a nascent stage in India. Collaborative efforts by government agencies and industry stakeholders can help this segment become a success.
The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%.
Green hotel construction has been gaining traction globally in recent years as hotel companies strive to achieve their sustainability objectives. A similar trend is visible in India as well, but the acceptance is still slow compared to other nations.
The Indian hospitality industry has long struggled with a shortage of trained workforce. Several factors and perceptions have contributed to this, and the situation is expected to worsen post the pandemic.
Since the onset of the COVID-19 pandemic, the San Francisco Bay Area has been one of the most severely affected markets in the nation. Silicon Valley, despite its status as the technology capital of the world, experienced significant declines in lodging performance because of its historical reliance on higher-rated business travel. This article discusses the changing business dynamics in Silicon Valley and the impact of the pandemic on the local hotel market.
Jammu & Kashmir has seen a significant increase in tourist traffic since the region's lockdown was lifted, however, the region is still largely unexplored with the potential to become a year-round tourist destination.