The latest hotel industry analysis

Since state governments in India began lifting restrictions in June, demand for hotel rooms gradually improved. In August, green shoots in leisure demand were noticeable, with visible weekend spikes seen across regional markets and many crossing the 50% occupancy threshold. Goa, a market that took some time to initially bounce back, has been building momentum since October with outperforming other leisure markets in the country and demand peaking during the Diwali weekend.

Hotel demand can be categorized into a variety of travel buckets: leisure and business, transient and group, and today’s focus, international and domestic. Recovery in the Asia Pacific region demonstrates the importance of that third bucket, as a country’s historic reliance on domestic demand directly impacts its hotel performance today.

Regional recovery can be divided into three tiers dependent on historical domestic demand and the state of the country’s borders today.

The two island countries in the Indian Ocean– the Maldives and Sri Lanka—have witnessed contrasting patterns in hotel performance as a result of the COVID-19 pandemic.

Maldives: steady recovery

Undoubtedly, islands in Southeast Asia are popular destinations in the region’s tourist trail. However, those destinations have a long way to go in recovery from the global pandemic. For now, Malaysia, Indonesia and the Philippines are showing a similar trend to most of the world with regional markets outperforming the large cities.

U.S. Performance Results for Q3 2020

Jan Freitag presented a U.S. Hotel Industry Update webinar on 27 October discussing the ongoing impact of the pandemic on hotel performance. Watch the recording now.

While the future may be uncertain, we want you to know that we’ll continue to be there for you. We continue to work on creating the necessary tools to help you build your playbook for the future. From expanding Forward STAR globally, to introducing Composite Comp Sets, we are bolstering the resources that will help you on the road to recovery. See what’s available and what’s in store via the links and video below.

U.S. performance results for week ending September 19

We have enjoyed sharing U.S. and U.K. weekly performance results with you over the last 6 months as a way to keep you updated with the latest industry information. This week's video is the last of our weekly video releases, as we will be moving to a monthly release. The nature of the data makes this the right time to switch to a monthly schedule.

U.K. performance results for September 7 through September 13

U.S. performance results for week ending September 12