Articles tagged “occupancy”

Hotels

Global Accommodation Revenue in 2022 is 95 Percent of 2019

Americas' share of global accommodation revenue witnessed an increase during the pandemic given its very large domestic travel market. The dynamics are expected to change when travel restrictions in China wane, and its large domestic travel market flourishes again.

Varsha Arora, Skift Research | 7 months ago

Global Accommodation Revenue in 2022 is 95 Percent of 2019

Hotels

Global Accommodation Sector Market Estimates 2022: New Skift Research

The global accommodation sector is witnessing a fast-paced recovery with 2022 revenue levels not far from reaching pre-pandemic levels. A closer look into the industry performance shows interesting variations in the pace of recovery as we review regions and sub-sectors.

Varsha Arora, Skift Research | 8 months ago

Global Accommodation Sector Market Estimates 2022: New Skift Research

News Blog

U.S. Short-Term Rental Nightly Rates Push Even Higher in Record Summer

Despite the fears of recession and soaring fuel prices that have retreated somewhat in recent weeks, average daily rates for short-term rentals in the U.S. this summer jumped 7 percent year over year — and that's nearly 30 percent higher than the summer of pre-pandemic 2019. Airbnb short-term rental stay. Source: Airbnb Those conclusions were…

Dennis Schaal | 9 months ago

Hotels

Accommodation Sector in 70 Percent of Asia Pacific Countries on Track for Full Recovery in 2022

With China’s ongoing Covid crackdowns halting its almost-there recovery, the accommodation sectors of other APAC countries are expected to gain market share in 2022.

Varsha Arora, Skift | 9 months ago

Accommodation Sector in 70 Percent of Asia Pacific Countries on Track for Full Recovery in 2022

Hotels

How the Asia Pacific Accommodation Sector Is Evolving: New Skift Research

The accommodation sector in APAC is witnessing a fast paced recovery with 2022 revenue levels not far from reaching pre-pandemic levels. However, composition of the industry remains unclear with short-term rentals revenue share decreasing in 2022.

Varsha Arora, Skift Research | 9 months ago

How the Asia Pacific Accommodation Sector Is Evolving: New Skift Research

Hotels

Short-Term Rentals Gain Big Share on Hotels in Europe’s Shifting Lodging Sector

The pandemic boosted the growth of the already flourishing short-term rentals sub sector of the European accommodation market. It is still to be seen how the various sub sectors will compete to define the market landscape.

Varsha Arora | 11 months ago

Short-Term Rentals Gain Big Share on Hotels in Europe’s Shifting Lodging Sector

Hotels

How Europe’s Lodging Sector Is Being Reshaped: New Skift Research

The composition of the European accommodations sector has drastically changed over the last decade with short-term rentals gaining a substantial share. The next few years will be very crucial in shaping the sector in the region with respect to market dynamics.

Varsha Arora, Skift | 11 months ago

How Europe’s Lodging Sector Is Being Reshaped: New Skift Research

Hotels

U.S. Hotels Show a Resilience to Omicron Especially on Christmas Day

In a period of Omicron, these occupancy rates are short of a Christmas miracle, but the industry should still take them as a win given the disruptions the variant wrought.

Tom Lowry | 1 year ago

U.S. Hotels Show a Resilience to Omicron Especially on Christmas Day

Coronavirus

India’s Covid Nightmare Leaves Its Travel Industry Reeling

India's devastating second wave of the pandemic is arresting the pace of the travel recovery, at least for the short-term. It's too early to tell if the shrinking industry will be able to cater to the vast pent-up demand once Covid is under control.

Varsha Arora, Skift Research | 2 years ago

India’s Covid Nightmare Leaves Its Travel Industry Reeling

Hotels

Oyo Will Lay Off Most of Its Furloughed U.S. Employees

Oyo's decision to part ways permanently with furloughed U.S. employees is tied to its view that the lodging company's full global recovery wouldn't occur until the second half of 2021. It's a nice gesture to give them stock options, although the jury is out on whether they'll be worth much in the long run.

Dennis Schaal, Skift | 3 years ago

Oyo Will Lay Off Most of Its Furloughed U.S. Employees