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Hotel Market News

HAMA release Fall 2020 Industry Outlook Survey reults

HAMA release Fall 2020 Industry Outlook Survey reults

🕔Oct 16, 2020

The Hospitality Asset Managers Association (HAMA) has released the results of a wide-ranging survey of asset managers thoughts, experiences and forecasts for the upcoming year as the hotel industry continues to deal with the on-going pandemic.

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G20 Tourism to save 100 million jobs

G20 Tourism to save 100 million jobs

🕔Oct 9, 2020

In a historic first, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who presented their plan to save the embattled Travel and Tourism sector and 100m jobs globally.

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UNWTO and Google host Tourism Acceleration Program in Sub-saharan Africa

UNWTO and Google host Tourism Acceleration Program in Sub-saharan Africa

🕔Oct 2, 2020

The Covid-19 crisis has disproportionately affected tourism, a sector that accounts for millions of jobs around the globe. While no one can say with certainty when tourism will recover, people are starting to dream again of getaways whether closer to home or to remote destinations.

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UNWTO Launches Comprehensive Tourism Recovery Tracker

UNWTO Launches Comprehensive Tourism Recovery Tracker

🕔Oct 2, 2020

As growing numbers of countries around the world ease restrictions on travel, the World Tourism Organization (UNWTO) has launched a new Tourism Recovery Tracker to support global tourism.

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UNWTO and EBRD join forces for web tool for green technologies

UNWTO and EBRD join forces for web tool for green technologies

🕔Oct 2, 2020

The EBRD and the World Tourism Organization (UNWTO) are joining forces to promote sustainable tourism, accelerate the transfer of climate finance and make green technologies more accessible for the tourism sector through the Bank online shopping-style platform Green Technology Selector.

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WTTC Announces plan to save the Travel and Tourism

WTTC Announces plan to save the Travel and Tourism

🕔Oct 1, 2020

Following various meetings with governments around the world and a letter signed by 120 CEOs of private companies, addressed to the Heads of State of the G7, the World Travel and Tourism Council (WTTC, for its acronym in English) hopes to finalize an international plan to save the travel and tourism industry from the worst threat in its history, due to the negative effects of the COVID-19 pandemic.

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Second Wave Brings Uncertainty to Business Travel Recovery

Second Wave Brings Uncertainty to Business Travel Recovery

🕔Oct 1, 2020

The majority of Global Business Travel Association (GBTA) companies expect their employees to return to in-person events in 2021.

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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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