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Hotel revenues still $83bn below 2019 levels: study

The revenues of the global hotel industry are expected to grow by 43.4% year-over-year and reach $284.7 billion in 2021, still $83 billion less than in 2019, according to data presented by StockApps.com, a global stock trading app.

Global Temporary Corporate Housing Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Market Forecasts, Analysis 2021-2025

Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices. Gain information on relevant pricing levels, detailed explanation on pros and cons of prevalent pricing models. Methods to help engage with the right suppliers and discover KPI s to evaluate incumbent suppliers. Insights into buyer strategies and tactical negotiation levers: Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for the Temporary Corporate Housing market. The report also aids buyers with relevant Temporary Corporate Housing pricing levels, pros, and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfill their category objectives.

Hotel industry: Revenues $83 billion below 2019 levels

Hotel industry: Revenues $83 billion below 2019 levels 4 weeks ago Although hotels implemented increased safety and sanitation measures and adapted to a post-COVID world, recovery to pre-pandemic levels could take years. The global hotel industry’s revenue plunged to $198.6 billion in 2020, a massive 46% drop year-over-year The number of users in the hotel industry halved amid the COVID-19 pandemic The ongoing pandemic continues causing huge disruptions to the global hotel industry. Although hotels implemented increased safety and sanitation measures and adapted to a post-COVID world, recovery to pre-pandemic levels could take years. According to latest data, the revenues of the global hotel industry are expected to grow by 43.4% year-over-year and reach $284.7bn in 2021, still $83bn less than in 2019.

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