Pulse Report: Recovery Continues For The Hotel Industry Globally

The latest edition of the Pulse Report, which tracks data for August 2021, shows that confidence in travel is starting to return across most regions, with pick-up, web traffic, and pace showing significant increases over the last few months. Pick Up It seems that recovery is underway for hotels in APAC at last with an […]

The impact of vaccination rates on a hotel’s business recovery

The hotel sector has been forced to adapt to unprecedented market disruption over the last 18 months as a result of the global pandemic. And while anyone who says they can accurately predict when operating conditions will return to normal should be listened to with a high degree of scepticism, it is understood that vaccination […]

V for victory or going to L

The hotel industry is divided on the type of recovery it is set to enjoy: a sharp V-shape or a struggling L-shape.  The split was encapsulated at the International Hospitality Investment Forum in Berlin last week by two CEOs. Hilton’s Chris Nassetta believes we are heading for a golden age of travel while Accor’s Sebastien Bazin fears […]

Summer sizzles but will autumn drizzle?

European hotel groups have seen rapidly improving business in the last couple of months, as summer leisure business has recovered across markets where international travel has remained problematic.   Irish group Dalata reported first half figures showing a cash outflow of EUR24m over six months, with adjusted ebitda of EUR1.4m for the period. But the figures have been […]

August consumer spending rose 15.4%, Barclaycard reveals

Consumer card spending rose 15.4% in August, compared with the same period in 2019, with growth recorded across all sectors apart from international travel, according to new data from Barclaycard. For the hospitality and leisure sector, restaurant spending broke into positive growth for the first time since the pandemic hit (0.1%), while spending on pubs, […]

UK hotel occupancy climbs to 65%, study finds

UK hotel occupancy rates have climbed for the third consecutive month to 65% in July, showing an improving picture as restrictions lifted and the sector started to reopen following the third lockdown, according to RSM’s Hotel Tracker. The data, compiled and produced by STR and analysed by RSM, shows the average occupancy rate has risen […]

UK tourism growth levels off

In July, the tourism and recreation sector saw its growth rate ease, falling to 55.3 from 63.1 in June, a level which was the strongest output growth recorded since January 2012, according to the Lloyds Bank UK recovery tracker. Businesses pointed to a levelling-off in forward bookings for UK holidays, and cited restricted capacity caused […]

Hospitality sector still struggling despite customers’ return to venues, UKH warns

Despite 56% of consumers returning to hospitality venues in the first 10 days after ‘Freedom Day’ last month, compared with 35% in 2020, thousands of businesses are still struggling compared to pre-pandemic, according to the latest UK Hospitality survey. A survey by the group found that it took over six weeks for people to return […]

China’s Hotel Recovery Evaporated in 2 Weeks

China, usually seen as the global leader in the hotel industry’s recovery from the pandemic, took a massive fall last week in its hospitality comeback due to the Delta variant. Prior industry optimism about the country’s ability to quickly rally after a setback doesn’t seem to apply this time around. Average occupancy rates across Mainland […]

Interstate Hotels & Resorts surpasses 60% occupancy rates in H1

Interstate Hotels and Resorts, the international arm of Aimbridge Hospitality, has revealed it surpassed 60% occupancy rates across its UK portfolio in the first half of the year, as it continues to recover from the impact of the Covid-19 pandemic. The third-party management company reported occupancy rates of 64.35% in June, exceeding the average UK […]