hotel industry recovery
Global Lodging Industry Demonstrates Resiliency With a 131% Increase in Transaction Volume
JLL | February 3, 2022
CHICAGO, IL – February 3, 2022 – After a turbulent 2020 the hotel industry saw an acceleration into recovery in 2021, which is projected to continue, despite operational hurdles and inflationary pressures, in 2022. According to JLL Hotels & Hospitality’s annual Hotel Investment Outlook, the industry’s recovery has presented new trends for hotel owners, operators, investors and consumers in 2022. The Global Outlook Global transaction volume totaled $66.8 billion in 2021, a 131% increase from 2020. The Americas was the most liquid region and accounted for nearly 60% of global hotel transaction volume. This level...
More States Close in on 2019 RevPAR, Stalled States Holding Back U.S. Average 22 November 2021
STR | November 22, 2021
STR’s latest 51-chart map shows a variety of recent national/regional trends as well as the general pace of the industry’s continued recovery. For the four weeks ending with 13 November 2021, more states closed the gap or exceeded their 2019 levels in revenue per available room (RevPAR) on a total-room-inventory (TRI) basis. Keystone markets, however, remain persistent holdouts toward further national recovery. Higher-than-expected average daily rate (ADR) along with strong weekend demand continue to underpin recovery. A total of 24 states recently outperformed their 2019 comparable period RevPAR, up from 18 states last month. The n...
