Qatar’s hotel industry set to win big during the FIFA World Cup
With the 2022 FIFA World Cup kicking off on Sunday, 20 November, Qatar’s hotel industry is looking forward to a nice performance lift from this “mega event” as fans from all over the world are set to visit the Middle East for a game (or several) of football.
Market Recovery Monitor - 12 November 2022
For the week of 6-12 November 2022, the post-Halloween demand return continued, as the metric increased 3.4% week on week.
U.S. Top 25 Markets still behind 2019 occupancy even with continued return of groups
U.S. hotel occupancy leaders and laggards in this mid-November 2022 “bubble” chart update reflect anticipated seasonal shifts, the continued return of corporate and group demand in large-to-medium sized markets, and a persistent impact from Hurricane Ian.
Hotel performance strengthens further for most countries outside of Asia
A new edition of STR’s global bubble charts show strong performance across the world with most countries outside of Asia recording growth in RevPAR.
U.S. Hospitality Radar - October 2022 & Forecast
The U.S. hotel industry saw continued rebounds in leisure, corporate transient and group demand in October, and a recession will likely not derail this recovery, but it may cause a slowdown. This and more in Jan Freitag’s latest video update.
STR/TE Market Forecast Assumptions - November 2022
Topics include macroeconomic assumptions and pandemic recovery, short-term outlook, supply methodology, permanent closures, pipeline, quarantine rooms methodology, global travel and tourism trends and more.
Market Recovery Monitor - 26 November 2022
In what turned out to be a normal Thanksgiving week, U.S. hotel occupancy for 20-26 November was 50.4%. That was down from 52.9% a year ago and 50.6% in 2019.
Consumer travel outlook better in the short-term amid increasing cost pressures, declining travel disruption and fewer COVID-19 concerns
Economic concerns aren’t doing too much to discourage consumers from planning and undertaking trips right now. The future is a bit less optimistic though.
U.S. Hotels - October 2022 Commentary
In October, the demand index declined month over month, with contribution from most days of the week.
Canada Hospitality Radar - October 2022 & Forecast
Canada’s hotel industry is expected to better withstand a recession this time around with demand in 2023 forecast to be in line with the 2019 benchmark.
As business travel advances, consumers indicate combination trips will lead further gains
With bleisure being the most likely type of business travel trips on the horizon, hoteliers have different opportunities to engage this segment and lead to further gains.
Market Recovery Monitor - 3 December 2022
The week after Thanksgiving (27 November-3 December) was somewhat typical for the U.S. hotel industry.