Lodging (Destination)

The number of hotel lodging (destinations) In Turkey is expected to grow in 2024, driven by significant investment in new hotel outlets. The acceleration of tourism flows into the country is attractive to hotel developers who are keen to capitalise…

Lodging is seeing growth supported by continued demand in Switzerland in 2024, benefitting from traditionally high prices in the country, a strong franc and wealthy clientele. However, inflation is impacting tourist arrivals from the US, a key…

With inflationary pressures having eased somewhat and travel flows normalising in the wake of the rebound from the pandemic, overall current value sales growth for lodging in Morocco in 2024 is set to fall well below that recorded in 2023. An…

The Philippines' hotel industry (lodging (destination)) is experiencing a rebound as the economy recovers, resulting in healthy double-digit growth in 2024. This is marked by increased domestic spending on staycations and travel, and the return of…

Hotel lodging destinations are being boosted by inbound travel to the Netherlands, especially the high volumes from neighbouring countries which fully recovered to pre-pandemic levels in 2023. The return of North Americans has supported overall…

In 2024, Taiwan's lodging sector is poised to make a full recovery, with the number of hotel room nights anticipated to surpass pre-pandemic levels. However, inflationary pressures could impact performance, as rising prices may prompt consumers to…

The year 2023 marked a record high for Portugal's lodging industry, and all indicators suggest that 2024 will surpass this performance, with increases expected in the number of hotel establishments, room nights, and average daily rates. This…

Lodging in Peru faced a challenging year in 2023, primarily due to social protests in the southern regions and floods in the northern areas during the first half of the year. These disruptions significantly hampered tourism, leading to a notable…

The ongoing recovery in lodging sales across New Zealand in 2024 has been bolstered by the return of Chinese tourists and increased air connectivity with the United States. New airlines have launched services to New Zealand, while existing US…

The mid-market hotel segment is seeing substantial growth in Kenya, driven by its affordability for domestic travellers amid high levels of inflation. Given the current economic situation, many Kenyans are opting for more budget-friendly…

Lodging (destination) is set to see a significant fall in retail value sales in current terms in Israel in 2024. Local hotels experienced growth in 2023, as incoming tourism increased from the previous year, and locals travelled more around the…

In 2024, in terms of lodging, city hotels in Greece continue to outperform their seasonal counterparts, driven by the resurgence of city breaks and the recovery of Business and MICE (Meetings, Incentives, Conferences, and Exhibitions) travel…

Lodging in Finland has seen a full recovery from the pandemic in 2024 both in terms of number of room nights and in current value terms. Value sales have been boosted by higher prices. During the pandemic consumers could benefit from discounting as…

As tourism flows continue to grow, the demand for unique lodging experiences is growing in Egypt. Travellers are looking for better quality options, which is driving the development of luxury hotels, such as Steigenberger Alcazar, Adrere Amellal…

In 2024, there has been a significant decrease in hotel occupancy rates in Ecuador, reflecting the deep crisis in the lodging (destination) sector in Ecuador. Hotels have suffered from the rising levels of insecurity in the country, which has…

Compared to many other markets, lodging in Denmark in 2024 is showing remarkable recovery from the impact of COVID-19, having done well in navigating related hardships including inflation and labour shortages. Growth in terms of total lodging value…

Despite inflation showing signs of stabilisation in Canada in February and March 2024, the operational costs of hotels remain high. A key factor is labour costs with hotels having to offer higher wages and improved benefits to attract and retain…

Lodging (destination) is set to see current value growth in Belgium in 2024. The sector is expected to see an increase in overall tourists (domestic and international) and an increase in overnight stays. Nevertheless, the good figures in attracting…

Lodging in Vietnam is set to witness dynamic current value growth in 2024. In 2024, resorts located near the beach, or with a road leading to the beach, continue to be highly favoured by tourists, with families and Gen Z primarily driving the boom in…

While the cost of living remains high for US consumers, as do ADRs across hotels, luxury and upscale hotel brands have been performing well. In fact, they are far outperforming the budget segment, even though it would be expected that many consumers…