Based on the monthly hotel performance survey conducted by GBR Consulting on behalf of the Hellenic Hotel Federation, the Greek hotel sector showed during Q3 2022 a decline of the number of room nights of 5 – 7%, while the revenue index showed an increase of 19% compared to the same period of 2019. YTD […]
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U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. • GOPPAR: US$84.03 • TRevPAR: US$222.97 • EBITDA PAR: […]
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The International Air Transport Association (IATA) announced the results of its 2022 Global Passenger Survey (GPS), showing that travelers top concerns for travel in the post-COVID crisis period are focused on simplification and convenience. “Travel during COVID-19 was complex, cumbersome and time consuming due to government-imposed travel requirements. Post-pandemic, passengers want improved convenience throughout their […]
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European airport trade body ACI EUROPE today released its airport traffic report for the third quarter (Q3) and September 2022. Passenger traffic across the European airport network increased by +61% in Q3 compared to the same period last year. International passenger traffic (+84%) drove the surge as largely unrestricted cross border travel led to a […]
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The European Travel Commission (ETC) and Eurail BV have published the latest Long-Haul Travel Barometer (LHTB) 3/2022, which provides insights on traveller sentiment for September – December 2022. The report reveals that the appetite for overseas travel in the last months of 2022 has improved, with Brazil (150p), Canada (136p) and the US (126p) showing […]
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–Latest economic research reveals outbound travel’s contribution to the UK economy and potential for growth ABTA has released headline findings from its latest research on the economic contribution made to the UK by outbound travel, with the full findings due to be published next month in a joint report with UKinbound. According to the analysis, […]
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A new report published today by the World Travel & Tourism Council (WTTC), shows how Travel & Tourism can play a critical role in halting and reversing the destruction of nature. The report, which will help businesses understand and manage their impact on biodiversity, is launched ahead of the UN Biodiversity Conference (COP15) in December, […]
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Air travel to the southeast corner of Europe substantially exceeded pre-pandemic (2019) levels in the peak summer months of July and August. The report has come from ForwardKeys, which has the most comprehensive and up-to-date database of air ticketing available. The two largest destinations, Turkey and Greece, both exceeded pre-pandemic levels of international visitor arrivals […]
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The World Travel & Tourism Council (WTTC) warns the Travel & Tourism sector’s recovery is at serious risk as nearly 130,000 jobs go unfilled across the UK. According to the global tourism body, the UK is expected to see a shortfall of 128,000 jobs, with one in 14 job openings expected to remain vacant. Restaurants […]
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GlobalData’s Company Filing Analytics reveals that environment, social and governance (ESG), COVID-19 and geopolitics are the top three themes mentioned by European tourism companies so far in 2022, respectively, indicating that these are the most pressing issues that the continent’s tourism industry faces. As shown by the leading data and analytics company, ESG is the […]
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