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Hotel Market News

Hotel occupancy in the US is growing week by week

Hotel occupancy in the US is growing week by week

🕔Jul 19, 2021

According to STR data through 10 July, hotel occupancy rates in the US market are improving week after week.

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Colliers report on the New Zealand hotel market confirms a recovery is underway

Colliers report on the New Zealand hotel market confirms a recovery is underway

🕔Jul 15, 2021

Colliers report confirms New Zealand Hotel sector continues its pathway to recovery in the YTD 30 June 2021.

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WTTC reports dramatic impact of COVID-19 on Travel & Tourism around the worldwide

WTTC reports dramatic impact of COVID-19 on Travel & Tourism around the worldwide

🕔Jul 6, 2021

World Travel & Tourism Council (WTTC) published Economic Trends Report, revealing the dramatic impact of COVID-19 on worldwide Travel & Tourism.

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US travelers are ready for the Independence Day holiday weekend

US travelers are ready for the Independence Day holiday weekend

🕔Jul 2, 2021

According to Amadeus, there is a significant increase in booked occupancy for the Independence Day Holiday weekend compared to 2020.

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UK will lose GBP639 million a day with travel remaining off limits

UK will lose GBP639 million a day with travel remaining off limits

🕔Jun 24, 2021

According to the World Travel & Tourism Council (WTTC), the UK will lose up to GBP639 million per day during July if international travel remains off limits.

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Dramatic impact of COVID-19 on Travel and Tourism sector in Japan

Dramatic impact of COVID-19 on Travel and Tourism sector in Japan

🕔Jun 21, 2021

The World Travel & Tourism Council has revealed in its annual Economic Impact Report (EIR) the damage caused by COVID-19 to Japan’s Travel & Tourism sector, resulting in a loss of USD138 billion from the country’s economy.

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UNWTO and African Member States will work together to promote Brand Africa

UNWTO and African Member States will work together to promote Brand Africa

🕔Jun 16, 2021

The World Tourism Organization and its Members will work with the African Union and the private sector to promote Brand Africa with the aim to establish a new narrative for tourism across the continent.

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GBTA Calls for Action as World Leaders meet at G7 Summit

GBTA Calls for Action as World Leaders meet at G7 Summit

🕔Jun 11, 2021

The Global Business Travel Association (GBTA) is calling for world leaders of the G7 countries to lead conversations for a seamless return of international travel to boost the global economic recovery.

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Over half a million UK Travel & Tourism jobs could be lost if significant international travel remains off limits this summer

Over half a million UK Travel & Tourism jobs could be lost if significant international travel remains off limits this summer

🕔May 19, 2021

Up to half a million jobs could be lost in the UK Travel & Tourism sector if the government fails to significantly reopen international travel as soon as possible, the World Travel & Tourism Council (WTTC) warned.

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WTTC Data Shows U.S. Maintains Position as Biggest Travel & Tourism Market Despite Suffering 41% Slide in GDP

WTTC Data Shows U.S. Maintains Position as Biggest Travel & Tourism Market Despite Suffering 41% Slide in GDP

🕔May 13, 2021

Latest data from the World Travel & Tourism Council shows the U.S. maintained its position as the largest global Travel & Tourism market, despite suffering a huge 41% fall in GDP last year.

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The World Tourism Organization unites with tourism ministers in the Americas to relaunch tourism in the region

The World Tourism Organization unites with tourism ministers in the Americas to relaunch tourism in the region

🕔May 10, 2021

Minister of Tourism David Collado along with 15 more ministers and vice ministers of tourism of the Americas established partnership agreements and procedures for relaunching tourism in the region in a meeting called by the World Tourism Organization and led in its inauguration by Luis Abinader, President of Dominican Republic.

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Positive Momentum Continues For Return To Business Travel

Positive Momentum Continues For Return To Business Travel

🕔Apr 27, 2021

The Global Business Travel Association issued the findings from its 18th COVID-19 poll assessing the impact of the pandemic and the road to recovery for the business travel industry.

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International arrivals to South America fell by 48% in 2020, according to GlobalData

International arrivals to South America fell by 48% in 2020, according to GlobalData

🕔Apr 22, 2021

Peru was the most affected by the pandemic with a 73% drop in international visitors, followed by Venezuela (71%) and Ecuador (70%) Chile was the least affected with international tourists falling by 25% followed by Argentina (27%) and Colombia (30%) GlobalData projects South America’s International tourism market will not reach pre-pandemic levels until at least 2022

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WTTC reveals U.S. Travel & Tourism sector suffered loss of USD766 billion in 2020

WTTC reveals U.S. Travel & Tourism sector suffered loss of USD766 billion in 2020

🕔Apr 20, 2021

The annual Economic Impact Report (EIR) from the World Travel & Tourism Council (WTTC) revealed the U.S. Travel & Tourism sector suffered a significant loss of USD766 billion in 2020. 

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Europe is the only region growing hotel construction

Europe is the only region growing hotel construction

🕔Apr 19, 2021

According to March pipeline data from STR, Europe is the only region in the world showing increased hotel construction activity in comparison with the end of Q1 last year.

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WTTC research reveals Travel & Tourism sectors contribution to Italys GDP dropped by EUR121 billion in 2020

WTTC research reveals Travel & Tourism sectors contribution to Italys GDP dropped by EUR121 billion in 2020

🕔Apr 16, 2021

The World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Italy’s Travel & Tourism sector has wiped out a staggering €120.6 billion from the nation’s economy.

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WTTC research reveals Travel & Tourism sectors contribution to Frances GDP dropped by EUR103 billion in 2020

WTTC research reveals Travel & Tourism sectors contribution to Frances GDP dropped by EUR103 billion in 2020

🕔Apr 16, 2021

The World Travel & Tourism Council’s annual Economic Impact Report reveals the dramatic impact COVID-19 had on France’s Travel & Tourism sector, wiping out €103 billion from the nation’s economy.

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Anticipated Boom In Summer Holiday Bookings Dampened By Uncertainty Over Travel Restrictions

Anticipated Boom In Summer Holiday Bookings Dampened By Uncertainty Over Travel Restrictions

🕔Apr 15, 2021

A poll conducted by GlobalData has shown that quarantine requirements and travel restrictions remain the two main deterrents to international travel with 58% and 55%* of respondents expressing that these factors would deter them from traveling.

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Negative Passenger Demand Trend Continues in February

Negative Passenger Demand Trend Continues in February

🕔Apr 13, 2021

The International Air Transport Association (IATA) announced that passenger traffic fell in February 2021, both compared to pre-COVID levels (February 2019) and compared to the immediate month prior (January 2021).

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WTTC research reveals Travel & Tourism sectors contribution to Germanys GDP dropped a staggering EUR161 billion in 2020

WTTC research reveals Travel & Tourism sectors contribution to Germanys GDP dropped a staggering EUR161 billion in 2020

🕔Apr 12, 2021

The World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Germany’s Travel & Tourism sector has wiped out €161 billion from the nation’s economy. The annual EIR from the WTTC shows the sector’s contribution to GDP dropped 46.9%. The sector’s impact on Germany’s GDP fell from €344 billion (9.8%) in 2019 before the pandemic struck, to €183 billion (5.5%), just 12 months later, in 2020.

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