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Showing posts with the label #summer tourism

HOSPITALITY's COMEBACK FROM PANDEMIC

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US & European Regional Travel on the Rise Source: Cape Cod Summer Tourist Destination Marriott CEO's Global Hotel Perspective The pandemic was particularly inhospitable to the global hospitality industry.  As Covid-19 cases soared, air travel ground to a halt, lockdowns forced people to shelter at home and bookings at global hotel chains plummeted.  At Marriott, room occupancy rates dropped to 5% in some US hotel properties and to 7% in Marriott hotels in China.  The rates have rebounded in China to 40% and in the US to 20%.  CEO Arne Sorenson says he's starting to see some light at the end of the tunnel for global hotels:  a pickup in personal and business travel. Profound Economic Impact Sorenson says the impact of the pandemic on Marriott's global business is worse than 9/11 and the 2008 financial crisis combined. He doesn't expect global occupancy to return to the average of 71% for a few years.  But there are positive signs.  US downloads of