Whitepapers

With international travel at an all-time low, many governments around the world have attempted to incentivize various forms of tourism to help an industry in desperate need.

Canada has been more effective than its neighbor to the south in containing COVID-19 caseloads. At the same time, the country’s hotel occupancy has followed a similar trend line as the U.S.

Hotel performance in the Middle East has improved consistently in recent months, and the region continues to outperform others around the world. Some Middle Eastern markets are even showing year-over-year growth in the metrics, which is quite an uncommon occurrence these days.

We previously analyzed the pandemic impact on hotel closures and the development pipeline in the Southern Cone. Next, we dig further into the region and look at performance recovery for Chile, Uruguay and Argentina.

This year’s Golden Week was further evidence that China’s recovery continues to push toward normal performance levels.

COVID-19 impact on Asia Pacific hotel performance - 13 November

While most nations remain far away from a return to that “normal,” China continues to stand out in the recovery cycle.

After setting out in the backpacker havens of Cambodia and Laos, STR continues its regional tour by checking in on COVID-19 recovery in major markets around Asia. Unique circumstances in Hua Hin, Hong Kong, and Tokyo add additional color to hotel performance and recovery.

India’s domestic leisure business has been on the rise as the country approaches its historical peak travel season.

Many nations have lifted COVID-19-related entry restrictions for travelers and provided an additional flow of demand for reopening hotels. There are nations recovering quicker than others, however, and China stands out with performance well ahead of most of the world.

STR and AirDNA analyzed the performance of hotels and short-term rentals, respectively, in 27 markets around the globe. The analysis, which covers the time period from January 2019 through June 27, 2020, compares hotel data with two different categories of short-term rentals.