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Hotel Market News

Potential of Domestic Tourism to help drive economic recovery

Potential of Domestic Tourism to help drive economic recovery

🕔Sep 18, 2020

As restrictions on travel begin to ease globally, destinations around the world are focusing on growing domestic tourism, with many offering incentives to encourage people to explore their own countries.

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61,450 Manhattan hotel rooms remain closed - 58 per cent of Room Inventory

61,450 Manhattan hotel rooms remain closed - 58 per cent of Room Inventory

🕔Sep 18, 2020

The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures remained the new normal.

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United States to lose 155 B from missing international tourists and visitors

United States to lose 155 B from missing international tourists and visitors

🕔Sep 11, 2020

A devastating $155 billion looks set to be lost from the U.S. economy due to the collapse of international travel during 2020

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France to lose 48 Billion from missing tourists and visitors

France to lose 48 Billion from missing tourists and visitors

🕔Sep 4, 2020

A staggering €48 billion looks set to be lost from the French economy due to the collapse of international travel during 2020, according to the World Travel & Tourism Council (WTTC).

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Germany to lose 38 Billion from missing tourists and visitors

Germany to lose 38 Billion from missing tourists and visitors

🕔Sep 4, 2020

A devastating €38 billion looks set to be lost from the German economy due to the collapse of international travel during 2020, according to latest research conducted by the World Travel & Tourism Council (WTTC).

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Italy to lose more than 36 Billion from missing tourists and visitors

Italy to lose more than 36 Billion from missing tourists and visitors

🕔Sep 4, 2020

A devastating €36.7 billion looks set to be lost from the Italian economy due to the collapse of international travel during 2020, according to latest research conducted by the World Travel & Tourism Council (WTTC).

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UK to lose 22 Billion from missing tourists and visitors

UK to lose 22 Billion from missing tourists and visitors

🕔Aug 28, 2020

A staggering 22 B pounds looks set to be lost from the UK economy due to the collapse of international travel during 2020, according to the World Travel & Tourism Council (WTTC).

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Middle East hotel construction pipeline continues to show signs of decline

Middle East hotel construction pipeline continues to show signs of decline

🕔Aug 28, 2020

According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the second quarter of 2020, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms.

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China Hotel Construction Pipeline continues to trend upward

China Hotel Construction Pipeline continues to trend upward

🕔Aug 18, 2020

China total hotel construction pipeline continues to trend upward to an all-time high of 3574 projects and 647704 rooms. Up 19% by projects and 9% by rooms year-over-year (YOY), this is the 12th consecutive quarter China pipeline has increased.

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Hotel construction pipeline in Latin America shows continuing decline

Hotel construction pipeline in Latin America shows continuing decline

🕔Aug 12, 2020

Analysts at Lodging Econometrics (LE) state in the Q2, 2020 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline stands at 681 projects / 118,936 rooms, down 4% by projects and rooms, year-over-year (YOY).

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Canadian hotel construction pipeline continues to expand

Canadian hotel construction pipeline continues to expand

🕔Aug 6, 2020

According to analysts at Lodging Econometrics (LE), the Canadian hotel construction pipeline continued to expand at the close of Q2 2020 with 296 projects / 39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY).

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STR, AirDNA analysis of short-term rentals and hotels

STR, AirDNA analysis of short-term rentals and hotels

🕔Jul 30, 2020

Short-term rentals have maintained higher performance levels than hotels during the time of the COVID-19 pandemic, according to the preliminary findings of a joint global analysis by STR and AirDNA.

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Impact of COVID-19 on global tourism is being clarified

Impact of COVID-19 on global tourism is being clarified

🕔Jul 29, 2020

The enormous toll of COVID-19 on international tourism has now become clear, with World Tourism Organization (UNWTO) data showing the cost up to May was already three times that of the 2009 Global Economic Crisis.

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ADIF launches tender process for hotel development

ADIF launches tender process for hotel development

🕔Jul 28, 2020

Adif, Spanish state-owned railway infrastructure manager, has launched the tender for the development, construction and operation of a new hotel at the María Zambrano railway station in Malaga city.

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What Do Changing Holiday Habits Mean For European Hotels?

What Do Changing Holiday Habits Mean For European Hotels?

🕔Jul 17, 2020

With lockdowns lifting and borders opening, millions of Europeans are heading off for a summer holiday - even if their plans are rather different to previous years.

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Spanish telecom Telefónica to support sustainable recovery of tourism

Spanish telecom Telefónica to support sustainable recovery of tourism

🕔Jul 8, 2020

The World Tourism Organization (UNWTO) has strengthened its partnership with Telefónica, the Spanish multinational telecommunications company.

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Small turn on the travel tap could boost struggling European economies

Small turn on the travel tap could boost struggling European economies

🕔Jul 7, 2020

New research from the World Travel & Tourism Council (WTTC) shows even a modest increase of just one million more international arrivals into Europe could generate an extra $0.48 billion in GDP.

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Africa to accelerate tourism recovery

Africa to accelerate tourism recovery

🕔Jul 2, 2020

Member States from across Africa have shared their priorities for tourism against the backdrop of COVID-19. As with every other global region, African destinations have been hit hard by the restrictions on travel introduced in response to the pandemic.

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Greece must attract its largest source market

Greece must attract its largest source market

🕔Jul 1, 2020

Greece saw 35.3 million international arrivals in 2019 and was forecast to welcome 37.1 million arrivals in 2020 pre-COVID-19. However, the impact of COVID-19 has seen that projection fall to 24.3 million, according to the latest figures from GlobalData.

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Restrictions on travel are slowly being eased

Restrictions on travel are slowly being eased

🕔Jun 26, 2020

Restrictions on travel, introduced in response to the COVID-19 pandemic, are slowly being eased, allowing tourism to restart in a growing number of destinations.

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