occupancy

The last six months have seen unprecedented changes in the hotel sector with dramatic declines in RevPAR and the closure of many hotels

The trend we are currently seeing for Labor Day reflect a positive pattern of improved booking demand compared to the earlier summer holidays

Hotels cannot simply shut down again amid spikes, but they also cannot stay profitable without raising occupancy rates – the traveler pool is smaller now

A Staycation allows you to effectively fulfil your role as part of the local chain of the industry and supplement the revenue imbalance caused by lockdown

Spain hotel occupancy levels are starting to show signs of slight recovery after lifting restrictions. The market saw it highest occupancy level on 11 July

Hoteliers are more optimistic toward Q4, with more than 70% of the hotels expect to see the occupancy reaching at least 45% in November and December

It’s been interesting to monitor the extent to which hotel reopenings have stayed on track with initial plans and how demand has responded to the reopenings

For the moment, hotels will rely almost entirely on rooms revenue because, thanks to social distancing, things like restaurants and spas will be eschewed

Considering hotel availability alongside the average price YoY, it shows signs of confidence as hotel availability projected to meet last year availability

It is important to consider what occupancy rate will allow a hotel to sustain operations, with the hope break-even occupancy rate is only short-term