In Skift's top stories this week, Hong Kong will reopen to travelers from nine countries in April, the war in Ukraine is delaying world health officials' review of Russia's Sputnik V vaccine, and family trips are expected to make a big rebound this year.
With Asian destinations learning to live with the virus, recovery doesn't seem as elusive. A new Pacific Asia Travel Association (PATA) report goes to great lengths to explore how that recovery could play out.
The review process by world health officials of the Russian jabs was postponed by the war, so travelers are requesting to get vaccinated with approved brands. Other destinations with fewer stringent health requirements are managing to seize the moment.
Membership Collective Group and its leading brand Soho House haven’t seen profitability since the first club opened more than 25 years ago. Opening more clubs at reduced costs can lead to profits, but that also risks diluting the exclusivity once associated with the brand.
China's national hotel performance sank amid an Omicron surge that is gripping major cities on the mainland as well as Hong Kong. But you wouldn't know that based on the development interest in the region from major companies like IHG.
It's still only one data point, but Europe's softened hotel performance is a warning signal to major hotel company executives who previously tried to downplay the impact the Ukraine War would have on their European portfolios.
In a region of the world out front in shifting away from pandemic status, the formula is quite easy to figure out, for now: Endemic = less restrictions = more tourists = faster travel recovery = stronger economy.
The travel industry registered one of its strongest months of recovery since the inception of our index, with performance up across all sectors and almost all countries. The war in Ukraine, however, is casting a long shadow over travel's performance moving into March.