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Market occupancy climbed to levels not seen since Columbus Day weekend as 15 markets reported weekend occupancy above 90%

While U.S. hotel occupancy remains uncomfortably low, we are encouraged by the movement above 50% as well as the gains seen in urban locations

The global hotel industry’s climb back to profitability has not been easy, but it trudged back and ended 2021 almost back to 2019 levels

This week’s demand, which historically is among the lowest, was 88% of 2019. While slowing, hotels are in a far better position than they were a year ago

No matter what stage of the pandemic you are experiencing, these six benchmarking areas will support your distribution strategy and revenue recovery

Hotels must remain forward focused, 2019 is in the past and 2020 will soon be a more distant memory. We must build our strategies for 2022 and beyond

Indications are future hotel bookings, meetings and other hotel related activity will be impacted by the presumed expectation of future travel impediments

Long term forecast remains largely unchanged, with US demand to bounce back in 2022, 2023 for the Middle East, 2024 in Europe, and 2025 in Asia Pacific

Despite many logistical challenges, Dubai has managed to successfully kickstart this world-renowned exposition, and local hotels are thriving as a result

While traditional revenue management metrics are still important, the industry is gravitating toward standards that reflect a wider spectrum of operations