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Macroeconomic assumptions and pandemic recovery: Widely available and robust vaccination and booster programs led most European and Middle East markets to substantially reduce or eliminate COVID-19 restrictions by Q2 2022, which has increased the pace of recovery and bolstered domestic and international travel. Warming weather and increased ease of international travel have led to strong surges in leisure-based domestic and short-haul international demand, with medium- and long-haul slowly resuming as well.

STR and Cushman & Wakefield jointly produce the Hotel Sector Barometer for Spain, showing an upward trend during the third quarter of 2021, which is the first time since the pandemic started in March 2020.

Analyzing Recovery: Total Room Inventory Vs. STR Standard Methodology share this article 1 min Occupancy has long been one of the key hotel performance metrics measured by STR. Reported on both a monthly and weekly basis, occupancy is easily calculated by dividing rooms sold (demand) by rooms available (supply), providing a straightforward representation of the percentage of rooms occupied during a given time period. Advertisements However, even this traditional metric has not escaped the impacts of COVID-19. Voluntary and mandated hotel closures caused a fundamental shift i...

/ Posted on 26 January, 2021 13:31 Sharp drops in hotel occupancy as a result of January’s soft shutdown to deal with Thailand’s second Covid-19 outbreak as well as various challenges, including unequal domestic travel rebound and vaccination limitations, have led travel analytics firms STR, Inc and C9 Hotelworks to predict a slow year for the Kingdom’s hotel industry. According to Jesper Palmqvist, area director Asia Pacific for STR, Thailand occupancy for the full year of 2020 ended at 23.5 per cent, compared to 72 per cent in 2019, using Total Room Inventory (TRI) Occupancy, where th...