ForwardKeys latest analysis on Q1 inbound air travel in Brazil confirms the relevancy of casting a wider net during the pandemic in terms of air connectivity and source market promotions. Meanwhile, the domestic travel market could be what keeps the ship afloat as new case numbers increase.
U.S. hotel performance remained relatively flat from the previous week, according to STRs latest data through 22 January.
November was the third consecutive month of declining weekly room nights sold. Weekly demand recovered for November which was 88% compared to Octobers 97% recovered. At this point, the Omicron variant had not taken much effect in the U.S., so the impact could be explained by the market seasonality.
Despite stronger performance in the second half of 2021, Canadas hotel industry reported revenue per available room (RevPAR) that was just 54.1% of the pre-pandemic comparable, according to STRs year-end data.
Underpinned by continued strengthening in average daily rate (ADR), STR and Tourism Economics have slightly upgraded the U.S. hotel forecast, just released at the Americas Lodging Investment Summit (ALIS).
U.S. hotel performance continued to meander with occupancy remaining below 50% for a second straight week during 9-15 January. At 48.8%, occupancy was in the bottom third of comparable weeks going back to 2000. Also, the weeks occupancy was 10 percentage points lower than the 2019 comparable as that gap increased from the previous week.
America's monthly GDP fell by a month-to-month annualized rate of 1.1 percent in December
On an absolute basis, occupancy was higher than the previous week, but the gap to 2019 levels widened, pointing to a larger impact from the Omicron variant. ADR and RevPAR were up week over week and when indexed to 2019.
Arlington County hotels experienced unprecedented declines in demand during the COVID-19 pandemic, similar to most metropolitan areas in the United States. Considering the areas large number of demand generators, Arlington hotels are well positioned for a recovery, albeit a slow one. How far did the Arlington hotel market fall? What factors will shape this recovery?
With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.