U.S. Market Recovery Monitor – 12 June 2021 – STR

U.S. hotel industry occupancy soared to its highest level since November 2019, reaching 66.0% for the week ending 12 June 2021. Room demand surpassed 25 million in the week, up 1.6 million week on week, and was 91% of the level recorded in the comparable week from 2019. This is significant given the fact that business travel and group demand remain curtailed.

European Travel Sentiment Skyrockets in View of Vaccine Rollouts and Introduction of EU Digital Covid Certificate

70% of respondents have travel plans in the next six months, with half wishing to visit another European country – The majority of Europeans surveyed (72%) intend to travel between June and September, while another 16% are eyeing autumn travel – Quarantine requirements and sudden changes of rules remain major concerns for Europeans

Saudi Arabia Performance Peaks As Borders Reopen – STR

On 17 May, the Kingdom of Saudi Arabia cautiously opened its borders and ended months of strict border controls. While restrictions are still in place depending on source market, traveler vaccination status, and reason for travel, the news was met with much relief both inside and out of the Kingdom.