The number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits, according to our latest report, The Rise of Third-Party Hotel Operators in Europe. The trend for third-party operators (TPOs) has emerged from the USA, […]
Continue Reading
After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market-level, New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. […]
Continue Reading
After stronger than expected recovery in 2022, this year could see international tourist arrivals return to pre-pandemic levels in Europe and the Middle East. Tourists are nonetheless expected to increasingly seek value for money and travel closer to home in response to the challenging economic climate. Based on UNWTO’s forward-looking scenarios for 2023, international tourist […]
Continue Reading
Before the pandemic, China was considered the most valuable source market for destinations due to its sheer size, high purchasing power and penchant for luxury goods. Now, amid China’s absence, destinations should be trying to re-engage and entice American travellers, who have helped to reinvigorate the ailing tourism sector, first in 2020 with the Caribbean […]
Continue Reading
France is set to cement itself as the most visited country in the world, according to GlobalData, which estimates that the country will attract 93.7 million international travelers by 2025. The leading data and analytics company notes that this forecast will place the country ahead of competitor, Spain, which overtook France in 2021. According to […]
Continue Reading
Airports Council International (ACI) World today calls on regulators to support the economic sustainability of airports as social and economic engines of communities worldwide and for the benefit of the travelling public. The call to action supports the recent ACI World Resolution Restoring Economic Equilibrium that urges governments to acknowledge the changed risk profile of […]
Continue Reading
London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR. Occupancy: 76.8% Average daily rate (ADR): GBP206.87 Revenue per available room (RevPAR): GBP158.89 London’s ADR and RevPAR levels were up 31.0% and 25.1%, […]
Continue Reading
The year 2022 will be remembered as the year of tourism recovery for many of the most traditional destinations in Europe, the Caribbean and the Middle East. We learned that underlying travel demand remained intact once there was a removal of mobility restrictions. However, the motivations and interests shown by travellers in this tourism revival […]
Continue Reading
2022 was the year European aviation weathered the storm, with the year closing on 9.3 million flights: 3.1 million more than last year, even if still 1.8 million fewer than 2019. That represents a solid 83% of 2019 traffic, achieved despite the Omicron spike at the start of the year, and the invasion of Ukraine […]
Continue Reading
Messaging regarding the recovery of the business travel segment has been mixed. Since the onset of the COVID-19 pandemic, a number of the industry’s leading voices have claimed that business travel will never fully recover due to changing working habits – namely remote working and digital nomadism; company cost reduction; and a growing awareness of […]
Continue Reading