Photo by Quiz Zard on Unsplash

STR and TE further downgrade U.S. hotel forecast

The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021.  Each percentage change was downgraded from a late-March forecast revision, which called for a 2020 RevPAR decrease of 50.6% followed by a 2021 increase of 63.1%. […]

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Spring Festival: Chinese travel abroad but somewhere else

6 million Chinese are expected to travel abroad during the Spring Festival holidays, as reported by the online travel agency Ctrip. Thailand, Japan and the United States have emerged among the most popular destinations. On the other hand, European countries and the Middle East are not on top of the Chinese travel priority list. “China’s […]

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