America's Cup lifts Auckland occupancy to 2021 high
The 36th America’s cup, originally scheduled to start on 6 March 2021, was delayed a few days because of lockdown in measures in Auckland. Fortunately for hoteliers, a lift in demand was right on time and helped push the market’s daily occupancy to its highest level ...
Saudi Arabia leads the world in hotel supply growth
Saudi Arabia’s hospitality sector is growing fastest among the 50 most populated countries in the world. And there is good reason behind the country’s growth.
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Bali trailing other Indonesian markets in hotel performance recovery
Indonesia finished 2020 in similar shape as its regional peers. Domestic demand was strong enough to lift hotel occupancy from pandemic low points but not sufficient to overcome the void in international travel. The impact from lost international demand is most obvio...
Update on STR’s data integration with CoStar Group
STR branded banner - multi-colored I hope this message finds you doing well and no doubt ready for meaningful performance recovery over the course of 2021 and beyond. Over this past
U.S. Market Recovery Monitor - 27 March 2021
With Spring Break waning, it wasn’t surprising to see performance slow a bit during the week. Room demand, which was 350,000 less than the week of 20 March, was still above 21 million for a second straight week. Before the week of 20 March, that level had not been se...
Majority of India hotel markets remain in Recession territory
India hotels achieved a 50% occupancy level in February, which was the first time the country eclipsed that monthly mark since the start of the pandemic.
U.S. Market Recovery Monitor - 3 April 2021
Weekly RevPAR rose to US$65.34, which was a 4.2% increase week over week and the industry’s highest level of the past 56 weeks when indexed to 2019.
Tourism After Lockdown: The long and short of long-haul travel
3/4 of travelers intend to take an overnight leisure trip in 2021. We know that local, short-term travel has been the “norm” this past year, but how has sentiment toward international and long-haul travel evolved? Find out in the first article from our Tourism After ...
Tourism After Lockdown: Travel barriers
Effective COVID-safe measures and clear communications by travel brands can do much to reassure consumers and mitigate the impact of these comfort barriers. Learn more about travel barriers in our latest “Tourism After Lockdown” consumer research series to find out m...
U.S. Market Recovery Monitor - 10 April 2021
The week of 4-10 April was all about demand. The number of U.S. room nights sold surged to 22 million, which was the most since the start of the pandemic. As a result, occupancy reached 59.7%, also the highest level of the past year.
2021 Chinese New Year impact
One of the largest global celebrations each year is, undoubtably, Chinese New Year. Although the celebration this year (11-17 February 2021) felt different for the country, there was a noticeable impact around hotel performance.