Macro-Level Obstacles Little Match for Global Hotel Industry

HotStats | July 11, 2022

The global hotel industry is producing strong performance numbers all against a climate of financial unease. It’s an incongruity that hoteliers hope sustains. Consumer costs for everything, including hotel rooms, are up. The list is long: gas prices, food prices, airfare prices (not to mention a wave of air cancellations) are all at dizzying highs. The list is long and induces unease, but consumers are still, it appears, willing to put them aside in order to travel. In Europe, occupancy rates are at their highest levels since November 2019 and in tandem with average daily rates that are now on par or higher than pre-pandemic 2019, on ...