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Articles tagged “str”

Tourism

Saudi Arabia Starts Issuing Free 4-Day Stopover Transit Visa

From issuing the first tourist visa in September 2019 to the announcement of a free-of-charge four-day stopover transit visa for air travelers, Saudi Arabia has indeed come a long way. And then of course there's the target to attract 100 million tourists per year by 2030.

Saudi Arabia Starts Issuing Free 4-Day Stopover Transit Visa

Announcements

Returning This June: Skift Short-Term Rental Summit in NYC

This June we are bringing back our popular and dynamic Short-Term Rental Summit where we will dive into the industry after the boom.

Returning This June: Skift Short-Term Rental Summit in NYC

Tourism

Middle East Tourism Set to Return to Pre-Pandemic Levels in 2023

UNWTO may not be too far off the mark on its recovery prediction for the Middle East considering the number of hotel openings and new projects in the region. However, the road to recovery is fraught with economic and geopolitical risks.

Middle East Tourism Set to Return to Pre-Pandemic Levels in 2023

Tourism

Gulf Region Boasts 170,000 Hotel Rooms in Active Development Pipeline

Even as global hotel development may have slowed down due to serious risks looming over the economy, the hospitality sector's development of Gulf nations remains robust. The nations realize offering choice is essential for people to visit a destination.

Gulf Region Boasts 170,000 Hotel Rooms in Active Development Pipeline

Hotels

U.S. Hotels Enjoyed Record-High Room Rates in July

Hotel room rates in the U.S. have never been so high. Plus, India and Australia forecast booming growth and other news in hotel deals and development.

U.S. Hotels Enjoyed Record-High Room Rates in July

Announcements

The 10 Most Impactful Skift Events

We’ve hosted countless programs around the world, so choosing just 10 was not an easy task. Here are some of our favorites from over the years.

The 10 Most Impactful Skift Events

News Blog

U.S. Hotel Rates Are Now Highest Ever

We all know this having paid nose-bleed rates for anything in travel these days: U.S. hotel rates in April were the highest ever in recorded rate history, according to latest data from STR. That was on a nominal basis, but adjusted to inflation, was up 0.7 percent from 2019 comparables. April 2022 (percentage change from…

Coronavirus

3 Biggest Global Hotel Markets Not Seeing Big Omicron Impact Yet

The latest data since the Omicron variant emerged isn’t showing any massive swings in global hotel performance, but that doesn’t mean all regions are selling out rooms.

3 Biggest Global Hotel Markets Not Seeing Big Omicron Impact Yet

Hotels

The Best of Daily Lodging Report for the Week Ending November 12

Asia's reopening continues at a glacial pace while analysts now think a full demand recovery in the U.S. isn't out of the question sometime next year.

The Best of Daily Lodging Report for the Week Ending November 12

Mergers and Acquisitions

Sonder Lowers Valuation to $1.9 Billion as Market Conditions Change; Raises More Money

Sonder revenues are rising while its losses are widening, even as SPAC deals are coming under additional pressure. The new funding raised will help continue to focus on building the company and hopefully keep the economics in check enough to complete the deal.

Sonder Lowers Valuation to $1.9 Billion as Market Conditions Change; Raises More Money