Economy Hotels
Many European Travelers Likely to Budget More When Booking a Holiday Due to Inflation, Says GlobalData
GlobalData | July 22, 2022
With national inflation rates increasing dramatically in recent months across Europe, the purchasing of cheaper tourism related products and services has allowed many European travelers to satisfy their desire of holidaying abroad while ensuring they can make ends meet back at home, found GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “This level of inflation would be expected to severely dampen demand for international travel. However, stories of packed airports across Europe continue to emerge, demonstrating that the pandemic induced demand for international trave...
Performance of Smaller, Economy Hotels Close to 2019 Levels
STR | May 3, 2021
By Isaac Collazo Small to midsized hotels, with fewer than 300 rooms, and hotels in the economy segment continue to lead the U.S. hotel industry recovery, with demand over the past six weeks reaching 90% or more of 2019 levels. Average occupancy at small to midsized hotels was 60% in the week of April 24, while demand for large hotels, with more than 300 rooms, was less than half of what it was in 2019. Demand at economy hotels was 99% of the level achieved during the same week in 2019, while upper-upscale hotel demand was just 44% of 2019 levels. Overall, more than half of U.S. hotels (52%) had occupancy a...
During COVID-19, Economy Hotels Lead the Way in Housing Essential Workers
JLL | April 29, 2020
Economy and select-service hotels have emerged as leaders in the hotel sector, housing essential workers on the frontlines of the coronavirus pandemic while taking steps to keep guests and employees safe. First responders, such as healthcare workers, now constitute a significant portion of the demand in many hotel markets around the globe, says Geraldine Guichardo, Global Head of Research for JLL's Hotels & Hospitality Group. “Extended-stay hotels, particularly within the lower-priced segment, are seeing the most demand,” Guichardo says. In the U.S., these hotel sectors saw occupancy rates in the 40 to 45% range for the week ...
