Using the Labor Data from Hotel Effectiveness to Minimize Costs and Turnover
Adam and Larry Mogelonsky | January 11th, 2023
Four Creatively Destructive Forces for the Hotel Industry
Larry and Adam Mogelonsky | July 13th, 2022
Boston & Cambridge Lodging Market Recovery to Gain Momentum in 2022
Sebastian J. Colella | February 24, 2022
By Sebastian J. Colella Despite a slow start to the New Year, the Boston & Cambridge lodging market should pick up speed as spring rounds the corner. Like many urban gateway cities, the market has struggled in its recovery from the negative effects of the pandemic. While leisure demand came roaring back once many of the government mandates and restrictions were lifted in the spring of 2021, corporate and group travel was hampered through much of the year. Furthermore, international travel was subject to federal travel restrictions preventing visitors from some of Boston’s largest feeder markets, specifically Canada and Europe. Despit...
Four Trends for Revenge Travel 2.0 Right Now
Larry and Adam Mogelonsky | February 23, 2022
By Larry and Adam Mogelonsky The zeitgeist of February/March 2022 has deemed the upcoming spring and summer to be named ‘Revenge Travel 2.0’ because it will resemble the past two summer surges in erratic volume increases but also likely be substantially larger. Without getting too far into the news cycle and current public sentiment, there are some very strong signals pointing to an official end of the pandemic coming soon, and that will undoubtedly translate into a tsunami of fresh booking inquiries. Lots of new guests is, of course, great, but it can also become a ‘good problem to have’, especially in the face of the ongoing l...
Standout Markets Come Back to Earth With More “Normal” Performance Across the U.S.
STR | February 23, 2022
STR’s latest 28-day visuals show markets collectively getting closer to their seasonal performance expectations. The leaders and laggards are highlighted in the “bubble” charts below with averages covering the four weeks ending 12 February. Among the Top 25 Markets, four of five leaders have recently outpaced their comparable revenue per available room (RevPAR) from 2019. Miami had the top four-week RevPAR (US$203) and a RevPAR index score of 104 (4% above the 2019 comp) after hitting 161 last month. Oahu’s RevPAR of US$145 made it the second best among large markets, still, it was downgraded from “high-flyer” status with a Rev...
France’s Travel & Tourism Sector Could See Employment Surpass Pre-Pandemic Levels This Year, Says WTTC
WTTC | February 23, 2022
London, UK - February 23, 2022 - New research from the World Travel & Tourism Council (WTTC) has revealed France’s Travel & Tourism sector could gain more than 60,000 jobs this year compared to 2019, reaching 2.8 million and surpassing pre-pandemic levels by 2.3%. In 2019, before the pandemic struck, France’s Travel & Tourism sector contributed almost €211 billion to its economy (8.5% of the country’s economy). However, in 2020, the pandemic had a major impact on the sector, and Travel & Tourism’s contribution to France’s economy was almost halved by a staggering 48.8%, to nearly €108 billion (4.7% of the t...
The Pandemic Has Been Tough on Luxury Hotels. The Upside Is Great.
HotStats | February 22, 2022
There are a host of elements that impact luxury hotel performance. The segment relies on a healthy mix of leisure and corporate travel—spendy families paying top-dollar room rates and the C-suite on healthy per diems. Above all, the luxury hotel segment relies on stability, something not indulged over the past two years. It’s been a protracted pandemic to be sure, and just as the world appeared to be rounding the corner on the Delta variant, along came Omicron—a rowdy interloper arriving to a party all hoped was winding down. And though the intrusion was noisy at first, Omicron could potentially be more insipid than insidious. Des...
SHTM and PATA Jointly Released Report on Asia Pacific Visitor Forecasts 2022-2024
PolyU’s School of Hotel and Tourism Management | February 22, 2022
The School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University joined forces with the Pacific Asia Travel Association (PATA) to publish the tenth in their series of Asia Pacific Visitor Forecasts reports, providing the region’s travel and tourism sector, hard hit by the COVID-19 pandemic, with much-needed projections of tourist numbers in the coming years. The “Asia Pacific Visitor Forecasts 2022-2024” were the work of the SHTM’s Hospitality and Tourism Resource Centre headed by Professor Haiyan Song, SHTM Associate Dean, Chair Professor and Mr and Mrs Chan Chak Fu Professor in International Tourism. Along ...
STR: U.S. Hotel Results for Week Ending 12 February
STR | February 17, 2022
HENDERSONVILLE, Tennessee — February 17, 2022 — U.S. weekly hotel performance advanced to its highest levels since December, according to STR‘s latest data through 12 February. 6-12 February 2022 (percentage change from comparable week in 2019*): Occupancy: 54.6% (-14.0%) Average daily rate (ADR): US$133.72 (+1.3%) Revenue per available room (RevPAR): US$73.00 (-12.9%) While none of the Top 25 Markets recorded an occupancy increase over 2019, Phoenix came closest to its pre-pandemic comparable (-3.2% to 80.5%). San Francisco/San Mateo experienced the largest occupancy decrease fr...
Expedia Group Media Solutions Releases Q4 2021 Travel Recovery Trend Report
Expedia Group Media Solutions | February 16, 2022
SEATTLE, WA – February 16, 2022 – Expedia Group™ Media Solutions, the global travel advertising platform connecting marketers with hundreds of millions of travelers across the Expedia Group brand, today released its Q4 2021 Travel Recovery Trend Report. The quarterly report combines Expedia Group first-party data and custom research with actionable insights and industry examples to help travel marketers on their continued journey toward rebuilding and recovery. “The pandemic continued to impact travel around the world through the end of 2021, but in Q4 we saw consistent global search volumes, lengthening search windows and more i...
STR: Berlin Hotel Performance Fell Lower in January
STR | February 15, 2022
LONDON — February 15, 2022 — With tight pandemic restrictions, Berlin’s hotel industry reported lower performance than months prior, according to preliminary January 2022 data from STR. Occupancy: 28.2% Average daily rate (ADR): EUR75.85 Revenue per available room (RevPAR): EUR21.41 The occupancy level was the lowest in the market since June 2021, while ADR was the lowest since July 2021. Daily data shows Berlin’s hotel occupancy came in at 38.7% on New Year’s Day, substantially lower than occupancy recorded on the same day in 2020 (75.3%) and 2019 (68.8%). All of STR’s COVID-19 analysis can be found here....
STR: China Hotel Rates Higher Than 2019 Level During Lunar New Year
STR | February 15, 2022
BEIJING — February 15, 2022 — Mainland China’s hotel industry surpassed its 2019 comparable in Lunar New Year average daily rate (ADR) even with substantially lower occupancy, according to preliminary data from STR. The country’s ADR reached CNY766.95 during this year’s holiday period (31 January-6 February), which was 9.6% higher than the pre-pandemic comparable from the festival period in 2019 (CNY699.47). “More significant recovery of ADR aligns with our expectations for this year’s Lunar New Year period, with overall rates driven by the upper classes,” said Christine Liu, STR’s regional manager for North ...
Recovery Outlook for the St. Louis Lodging Market
Daniel McCoy | February 15, 2022
By Daniel McCoy Amid a worldwide pandemic, RevPAR for Greater St. Louis[1] fell 54% in 2020 from the historical peak achieved the prior year. This compares to a 47.5% drop for the United States, as a whole, and a 57.6% drop for the top 25 markets in the nation, according to STR. In 2021, the greater St. Louis market’s RevPAR bounced back to just over 75% of the pre-COVID performance. This rebound is less than the 83% recovery experienced nationally, but stronger than the 67% recovery of the top 25 markets. While the greater St. Louis market has generally fared better than many of the larger urban markets that were more rel...
Post-Holiday Doldrums Appear To Be Ending
STR | February 11, 2022
The post-holiday doldrums appear to be ending. U.S. hotel occupancy advanced again, rising 0.8 percentage points to 50.4% in the week ending 5 February 2022. This was the first time in the past five weeks that weekly occupancy surpassed the 50% level, although the index to 2019 fell from the prior week. All day categories saw growth in the week led by shoulder days (Sunday & Thursday) and the weekend (Friday & Saturday). Weekdays (Monday-Wednesday) also advanced. Average daily rate (ADR) increased by its largest rate since the holidays, up 2.1% week over week, driven by a weekend increase of 3.8%. With growth in both occupancy and ADR...
Excluding China, the Asia Pacific Hotel Construction Pipeline Ends 2021 With Record Highs in the Early Planning Stage
Lodging Econometrics | February 10, 2022
PORTSMOUTH, NH – February 10, 2022 – According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, at the end of the fourth quarter of 2021 stands at 1,814 projects/397,089 rooms. Project counts are up 5%, while room counts are up 8%, year-over-year (YOY). Projects currently under construction stand at 899 projects with 207,693 rooms, while projects scheduled to start construction in the next 12 months closed the year at 380 projects/77,574 rooms. Project and room counts in the early planning stage are at all-time high at the end of Q4 with 535...
U.S. Travel & Tourism Recovery Projected to Exceed Pre-Pandemic Levels in 2022
WTTC | February 9, 2022
London – February 9, 2022 – The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism sector, today announced its latest economic modeling projecting that U.S. Travel & Tourism could rebound strongly this year, reaching almost $2 trillion in U.S. GDP contribution and exceeding pre-pandemic levels by 6.2%. News of the strong recovery follows steady gains in the sector during 2021 and signals the welcome comeback of one of the world’s most important economic drivers after almost two years of upheaval. “Our latest forecast shows the recovery significantly picking up this year as in...
U.S. Travel Association Welcomes Brazil Into Global Entry Program
U.S. Travel Association | February 9, 2022
WASHINGTON (February 9, 2022)—U.S. Travel Association President and CEO Roger Dow issued the following statement on the announcement that Brazil and its citizens now have full partnership in the Global Entry program, which will ease travel to the United States for business and tourism: “The American travel community begins a new chapter with Brazil’s full admittance into the Global Entry program. This effective trusted traveler program will provide pre-approved travelers from Brazil with an expedited Customs process upon arrival in the United States. “While this is welcome news, the Biden administration must also address the o...
Knowland Meetings Recovery Forecast Identifies Top U.S. Markets to Recover in 2022
Knowland | February 9, 2022
New market forecast capability provides insights to help hospitality industry improve sales and investment decision making ARLINGTON, Va. — Feb. 9, 2022 — Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, announced it has added the ability to filter its U.S. Meetings Recovery Forecast by market, now known as the Top 25 U.S. Meetings Recovery Forecast (MRF25). Access to the data is complimentary and provides the industry with predictive insights into event recovery over the next three years. Click here to view the MRF25. Jeff Bzdawka, CEO, Knowland, said: “The additional da...
UK Economy Suffered £7billion Losses as Travel & Tourism Hit by Government Omicron Restrictions, Says WTTC
WTTC | February 8, 2022
London, UK - February 8, 2022 - Ineffective travel restrictions imposed by the UK Government to combat Omicron caused an estimated £7bn loss to the UK economy last year, due to a massive drop in contributions from the country’s embattled Travel & Tourism sector, according to WTTC. The attack on Travel & Tourism at the end of last year until January 2022 proved ineffective at halting Omicron and devastating for the sector. The new figures come from research carried out by the World Travel & Tourism Council, which represents the global Travel & Tourism private sector, and has been at the forefront in leading the privat...
Miami and Dubai Led the World in Hotel Profit Recovery in 2021
STR | February 7, 2022
LONDON — February 7, 2022 — Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR‘s full-year P&L data release. Miami’s gross operating profit per available room (GOPPAR) beat 2019 levels by 14 percentage points, while Dubai reached 95% of its pre-pandemic comparable. Noted below are the market outliers by each region: Europe Moscow’s GOPPAR (US$38.88) was 80% of its comparable 2019 level. Paris (US$60.00) was the next closest market at 33%. Amsterdam (US$10.53) recaptured just 10% of 2019 GOPPAR. Middle East Helped by Expo 2020, Dubai...
Meetings Up 350 Percent Year-Over-Year From January 2021
KNOWLAND | February 3, 2022
Knowland data indicates steady growth in meetings and events ARLINGTON, VA — February 3, 2022 — Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, today released its monthly meetings and events data for January. Meetings are up 350 percent year-over-year from January of 2021 while month-over-month there was a slight decline of 16.5 percent from December 2021 to January 2022. Register for Knowland’s Outlook for the Meetings Industry Recovery 2022-2024 Webinar on February 8, 2022, 1:00 pm ET to learn more. Average meeting metrics are at or near 2019 numbers. While volumes...
State of the Travel Industry: A Robust Plan for the Future of Travel
U.S. Travel Association | February 2, 2022
WASHINGTON — February 2, 2022 — U.S. Travel Association President and CEO Roger Dow delivered an assessment and vision for the U.S. travel industry at the association’s annual State of the Travel Industry address on Wednesday, delivered via webcast from the National Press Club. Said Dow: “We should not singularly view the pandemic as a setback but as an opportunity to reimagine this industry to be stronger than before.” Dow acknowledged short-term priorities that Congress and the Biden administration should act immediately upon to ensure an even recovery for all sectors of travel, while also mapping out a plan tha...
HVS Monday Musings: Indian Hotel Sector – 2021 Performance Review
Mandeep Lamba | January 31, 2022
By Mandeep Lamba, Dipti Mohan Following an abysmal performance in 2020, the Indian hotel sector found some much-needed hope in 2021, as it made steady headway on the road to recovery. The year began on a promising note with the commencement of the vaccination program, which, combined with a decrease in COVID cases, improved travel sentiment in the country. Domestic leisure travel drove the recovery throughout the year, with business travel also picking up as most businesses and organizations returned to a full or hybrid work-from-office model. Additionally, weddings and social events, as well as the resurgence of small-to-medium-...
STR: Middle East Hotel RevPAR Recovery Highest Among Global Regions
STR | January 26, 2022
LONDON — January 26, 2022 — The Middle East hotel industry reported revenue per available room (RevPAR) that was 85.6% of the pre-pandemic comparable, the highest among the global regions, according to year-end 2021 data from STR. “Year-end data displays the significant variance in recovery by region, stemming from different levels of pandemic restrictions around the world,” said Robin Rossmann, managing director at STR. “The Middle East has been a leader in both opening to international arrivals as well as hosting large events, such as Expo 2020, which has driven hotel performance in Dubai. On the other side of the spec...
STR: Canada Hotel RevPAR 54% Recovered in 2021
STR | January 26, 2022
HENDERSONVILLE, Tennessee — January 26, 2022 — Despite stronger performance in the second half of 2021, Canada’s hotel industry reported revenue per available room (RevPAR) that was just 54.1% of the pre-pandemic comparable, according to STR’s year-end data. 2021 (percentage change from 2019) Occupancy: 41.8% (-35.7%) Average daily rate (ADR): CAD139.11 (-15.8%) Revenue per available room (RevPAR): CAD58.10 (-45.9%) In December specifically, Canada followed its typical seasonal trend with slightly lower performance than November, but the country did achieve better pre-pandemic comparisons: occupancy (-13.4%...
STR, TE Slightly Upgrade Latest U.S. Hotel Forecast
STR | January 25, 2022
LOS ANGELES, CA — January 25, 2022 — Underpinned by continued strengthening in average daily rate (ADR), STR and Tourism Economics have slightly upgraded the U.S. hotel forecast, just released at the Americas Lodging Investment Summit (ALIS). The timeline for recovery remains mostly the same from the previous version of the forecast released in November. On a nominal basis, ADR is expected to surpass the pre-pandemic comparable this year, while revenue per available room (RevPAR) is anticipated to exceed 2019 levels in 2023. When adjusted for inflation, however, full recovery of ADR and RevPAR are not projected until after 2025. Oc...
