TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: U.S. hotel performance slips while China roars back to life from [Skift] recommended by TheTourAttraction.com:
Mid-week occupancy rates for the top 25 U.S. hotel markets steadily declined from more than 67% in late July to just shy of 56% at the end of August.
The world’s two largest economies are sending mixed signals on travel demand, but hoteliers may be able to avoid the kind of Delta variant performance plummet some previously feared.
China’s hotel market saw strong recovery momentum in recent weeks following a Delta variant outbreak that sent more than half the country’s provinces into another round of travel restrictions. The U.S., which had its own surge in cases several weeks later, saw a decline — albeit significantly slighter — in occupancy rates due to the country largely remaining open for domestic travel.
But the biggest question among travel industry executives remains what happens this fall if corporate travel doesn’t kick back in. It likely won’t be the fall-off-the-cliff scenario some envisioned only weeks ago.
The U.S. saw a steady decline from its peak hotel performance earlier this summer when revenue per available room, the industry’s key performance metric, outpaced 2019 levels. The industry is now performing just shy of 15% below 2019 levels, according to the most recent data from STR. The average national occupancy rate is 60%, down from a summer high that cleared the 70% mark.