Many hotels were closed in Q1 and for part of Q2 2021, as both international and domestic travel came to a standstill in this period due to strict COVID-19 lockdown measures in the Netherlands, and travel restrictions both in the country and globally. Hotels gradually reopened as lockdown measures were lifted towards the end of Q2.
During the pandemic, domestic travellers in the Netherlands have been more likely to seek out places in or near nature, in the form of campsites, holiday parks and short-term rentals. These have been popular for two reasons.
As inbound travel recovers, short-term rentals will continue its upwards trajectory. This will be due in part to travel to cities (partially) recovering over the forecast period.
In 2020, hotels suffered as demand plummeted due to COVID-19, which obviously led to low occupancy rates. In order to attract more customers, hotels often cut prices, leading to a lower average daily rate (ADR).
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