Formula 1 races are shifting hotel performance into high gear in 2024
Set on a global stage, Formula 1 spans across multiple continents, with 12 of the 24 races so far this year having taken place on F1’s biggest ever calendar.
Euro hosts stand out as 64% of global hotel markets outperformed 2023
From the end of June through the first three weeks of July, most global hotel markets steadily displayed year-over-year performance increases. Markets in Germany were standouts thanks to the 2024 UEFA European Football Championship.
Fall Break and Homecoming Scheduling Provides Hotel Demand Opportunities Across the U.S.
School is now fully in session in the U.S., and upcoming fall schedules are the first opportunity this season for hoteliers to capitalize on an influx of traveling students and their families. More specifically, the hotel industry can plan on peak fall break demand d...
APAC hotel recovery now on par with the rest of the world
While other parts of the world began their post-pandemic recovery earlier than Asia Pacific, recent data suggests that the region is accelerating its recovery process and could potentially reach levels seen in Europe and America.
New Year’s Eve bookings in key cities give hoteliers a reason to celebrate
New Year’s Eve is historically a key hotel performance night each year, and given the current rate of bookings, 2023 should be no exception.
Las Vegas hotels broke continental U.S. record for Saturday and Sunday ADR
Super Bowl LVIII in Las Vegas produced unprecedented hotel performance levels—not just for the Super Bowl but for any weekend in history.
India update: Societal change provides hoteliers with plenty of optimism and opportunity
After attending the Hotel Association of India (HAI) Hoteliers’ Conclave, our Jesper Palmqvist had a lot of thoughts on the India hospitality industry and how societal change is providing plenty of opportunity and reasons for optimism.
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.
Hotel profitability global update: Improvement for most of the world in September
Hotel profitability improved at low levels for most of the world in September. Find out more in this global P&L update.
Music events are boosting hotel demand for several European markets in 2022
Europe is set to showcase a wide array of music events in 2022, and the large crowds they are likely to draw are music to the ears of local hoteliers. In Dublin, Belfast, Glasgow and Turin, music lovers will equal beds in heads and drive larger booking windows. ...
Hotel bookings continue to grow in anticipation of Commonwealth Games in Birmingham
Birmingham’s hotel occupancy on the books is peaking at 78% for this summer’s Commonwealth Games. A few months back, levels were peaking at just 55%. Read more in this latest Forward STAR piece.
Largest U.S. hotel markets showed considerable RevPAR gains as spring 2022 began
While overall performance continues to be led by smaller, leisure-based destinations, major markets in the U.S. showed considerable performance gains in late March/early April.