Lodging

In 2021, hotels are seeing only the beginnings of recovery in value sales. Many outlets remained closed during 2020 and will continue to be closed in 2021. Regardless of this, occupancy rates were low in 2020 and recovered only marginally in 2021. In…

In the spring of 2021, many state governments in the US relaxed COVID-related restrictions following widespread vaccine availability. The loosening of these restrictions led many parts of life in the US to return closer to what they were before the…

With expatriates making up over 90% of the population, residents of the United Arab Emirates are frequent travellers, both for leisure and business purposes. Since the outbreak of COVID-19, many residents have become more inclined to holiday in…

Trading conditions are still difficult in 2021. Significantly reduced demand due to ongoing and fluctuating travel restrictions present serious challenges to the sector. Also, a third wave of COVID-19 hit Thailand in April 2021, and spread faster…

Lodging in Taiwan has been severely impacted by the pandemic and the measures taken to contain its spread since its emergence at the beginning of 2020, with hotels in particular affected by a lack of travel and tourism. Players looking to survive the…

As the pandemic continues to affect countries worldwide in 2021, including a third wave of COVID-19 infections in Switzerland in the second quarter of the year, international travel and, therefore, inbound tourism remain significantly below…

Hotels saw sales plummet in 2020, as the state of emergency in Spain resulted in the closure of international borders and almost all lodging establishments for tourists. In 2021, hotels is expected to see a strong rebound in current value terms,…

Although included in domestic travellers’ lists of places to visit, big cities have rather been part of the wider itinerary in 2021 but in many cases not attracting overnight stays. As a result, they have not been among the main beneficiaries of the…

2020 was the most challenging year ever for the lodging industry in Portugal. After enjoying positive results in January and February, lodging suffered significant decline in reservations and sales with the outbreak of COVID-19 in March. The year was…

Trading conditions are still difficult in 2021. Significantly reduced demand due to ongoing and fluctuating travel restrictions present serious challenges to the sector. In the early part of the year, hotels were still closed to visitors, even to…

Lodging in Peru was hit hard by the impacts of the COVID-19 pandemic in 2020, from significant losses in income through to the closure of several establishments due to decreased demand during this time (from both domestic and foreign travellers).…

Since March 2020, New Zealand’s borders have been closed to all those except for returning citizens and permanent residents. A strong increase in domestic tourism and the Government MIQ programme have alleviated some of the downward pressure on sales…

With COVID-19 infection rates remaining high in 2021, and vaccination progressing slowly, the outlook is not expected to be positive for lodging in 2021. While there is expected to be an increase in current value sales in comparison with 2021, sales…

Due to the uncertainty and fear created by COVID-19, hotels are having to adapt to meet the new needs of their guests. For example, hotel rooms now typically include a small package containing hand sanitiser and face masks. Hotels are also following…

Hungary has a relatively high rate of vaccinated in its population compared to other neighbouring countries, creating an encouraging situation for a rebound in travel and lodging. Most lodging operators competing in low- to mid-price segments are…

The lack of international travellers will continue to moderate the recovery of lodging sales in 2021. When another wave of infections hit Denmark, the country went under a strict lockdown which carried over into the beginning of 2021. As a result,…

Large city hotels, such as those in the capital with a strong vocation for business trips, have been facing greater challenges in occupancy than hotels in more rural and coastal settings. Although occupancy rates have dropped for the entire industry,…

While international travel remains limited with full recovery likely to take some time, domestic travel has witnessed a strong recovery, supporting rising sales for lodging. During the Labour Day Holiday, China’s first week-long holiday since the…

The pandemic and related safety restrictions will continue to limit the potential of lodging in 2021. Indeed, while properties were not compelled to suspend operations during Belgium’s lockdown in 2020, several players opted to close some or all of…

The emergence of the pandemic in 2020 and the global response to it in the form of various restrictions and border closures resulted in lodging recording a significant drop in value sales due to the dramatic loss of international tourists in addition…