global hotel occupancy
Global Hotel Occupancy Rising Ahead of Summer in the Northern Hemisphere
May 30, 2023
Analysis by Eddie Yeung STR's global "bubble chart" update through 20 May 2023 shows 85% of markets with growth in revenue per available room (RevPAR) compared to 2019. That percentage represents a high mark since measurements against pre-pandemic times began. More notably, however, the gains included a more significant contribution from occupancy growth, as half of all markets surpassed their 2019 comparables. Among all countries with a room supply of more than 50,000 rooms, Israel, Singapore, Greece, Italy, and Ireland led in RevPAR on an actual basis. Among those countries, Singapore has been a mainstay on the leader board,...
Global Hotel Occupancy Exceeds Pre-Pandemic Levels in July and August With a Strong Q4 Forecasted Across All Segments
Amadeus | September 28, 2022
For the summer of 2022, global hotel occupancy hit an average of nearly 70%, which is an increase of around 5% over the summer of 2019. Group and business travel segments are showing steady recovery in Q4, with 4.3 million group room nights already booked for H1 2023. After an outstanding summer of travel, Amadeus’ Agency360® and Demand360® data sources are showing strong recovery indicators for the remainder of 2022 and evidence of growing traveler confidence as the sector looks towards 2023. Amadeus’ in-depth Demand360® business intelligence data, which offers both retrospective and forward-looking insights to inform r...
Hotels Seek Out the Ordinary in 2022
HotStats | March 7, 2022
Hoteliers appreciate predictability. It aids in setting labor schedules, revenue management optimization, food cost containment and as a hedge against a variety of other line items impacting hotel operations on a daily, weekly, monthly and yearly basis. The past two years have been anything but formulaic and the crisis in Ukraine could keep it that way. Hotels, at the mercy of the pandemic, have been bounced to and fro like a dinghy in the middle of a sea storm. Calmer waters may soon prevail, but data points to a recovery that is anything but gangbuster. Europe Alarm In a worrisome sign, Europe profit in January fell into negative t...
Global Hotel Occupancy Reaches Two-Thirds of Pre-Pandemic Levels in April 2021, and Hoteliers Optimistic for the Future According to New Amadeus Resea
Amadeus | May 13, 2021
Since the start of the pandemic, hoteliers have had to rethink many aspects of their business to accommodate new safety procedures, cater to changing guest needs and survive in an extremely complex operating environment. New research from Amadeus reveals how the hospitality industry worldwide has adapted, as well as the trends hoteliers think are likely to stay as the industry rebuilds. Amadeus’ Demand360® business intelligence data shows that hotel occupancy levels are now on an upward trajectory. Worldwide occupancy reached 46% in April 2021, up from the low point of just 13% in April 2020. This means that global hospitality occupancy...
