performance recovery
Historical Analysis: Rising Gas Prices Have Limited Impact on U.S. Hotel Demand
STR | March 10, 2022
Performance recovery is ramping up for U.S. hotels as the first quarter of 2022 nears a conclusion. However, that recovery is meeting potential headwinds from the war in Ukraine and subsequent further increases in gas prices. While the circumstances of 2022 are unique, historical data suggests that the latter of those two global issues will have a limited impact on U.S. hotel demand even as the cost for leisure and business travel increases further. Using data from the U.S. Energy Information Administration, gas prices have hit an all-time high on a nominal basis but remain lower than the July 2008 peak on an inflation-adjusted basis (real...
Mexico: A Story of Steady Recovery
STR | January 7, 2021
Mexico’s hotel industry has been a rather unique case of linear performance recovery. While most countries have seen fluctuations in the metrics, Mexico has been on a steady ascent leading to a November that produced the country’s highest performance levels of the pandemic. The country’s beach destinations, always popular on the international and domestic tourist trails, have been key to that recovery as restrictions on international entry have been limited to the state-level. Timeline The first two months of 2020 produced performance levels much aligned with the comparable months of 2019. In March and April, however, the pande...
