Latest News from Hospitality Industry – W1, June 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

Great news folks! The summer travel scene is back in full swing, & ‘it’s all over the map.

  • Study from APAC region reported a healthy increase in international passenger demand as border restrictions ease across the region, stimulating business and leisure travel.
  • Occupancy in the U.S. reached 68.6%, which was the highest level since July 2021
  • Spanish hotel rates surge 36% as tourism takes off in April
  • As the travel comes back, European hoteliers are realizing the last two years have changed how consumers broadly view the world and how leisure travel fits into it.
  • The Middle East and Africa region is likely to record 115 million more passengers this year

Reach out to us for your hotel channel manager, rate shopper, booking engine, website development or digital marketing requirements. We are happy to have a discussion to see how we can help you achieve your property’s occupancy and revenue goals – contact us today.

Enjoy the read!

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APAC passenger traffic picks up

The region experiences a healthy increase in international passenger demand as border restrictions ease, stimulating business and leisure travel.

https://www.traveldailymedia.com/apac-passenger-traffic-picks-up-in-april-reflecting-travel-recovery/

US urban hotel markets rebound

The signs of summer are here for the U.S. hotel industry, and some of the nation’s top urban markets are showing consistent evidence of recovery.

https://www.costar.com/article/897421033/us-hotel-occupancy-keeps-pace-with-peak-summer-2021-levels-as-urban-markets-rebound

Spanish hotel rates surge 36%

Hoteliers have been able to adjust their rates thanks to a significant increase in foreign tourism, mostly from Britain and Germany.

https://www.reuters.com/world/europe/spanish-hotel-rates-surge-36-tourism-takes-off-april-2022-05-24/

How European leisure travel is evolving

Much like the U.S., albeit a few months behind on the curve, European hotel operators are seeing a massive jump in leisure travel demand heading into this summer travel season.

https://www.costar.com/article/1447679549/how-european-leisure-travel-is-evolving

Millions more passengers to fly across Middle East, Africa in 2022 as air travel returns

The Middle East and Africa (MEA) region is expected to see over 100 million more air travellers this year compared to 2021, as global business and leisure travel has returned and surpassed pre-pandemic levels, according to a new report released by Mastercard Economics Institute.

https://www.zawya.com/en/business/travel-and-tourism/millions-more-passengers-to-fly-across-middle-east-africa-in-2022-as-air-travel-returns-sbt5842o

 

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