HotStats: Global Hotel Performance Stabilized by the End of 2021
Although HotStats reports that 2021 had abnormalities, global hotel performance for the year ended on a stabilized note. The global hotel industry’s climb back to profitability has not been easy, according to Hotstats but, despite a lack of corporate and group travel, the year ended almost back to 2019 levels—the recognized baseline of recovery. Last year was an indication that travel is not definitionally discretionary, notes HotStats. Despite a pandemic, the willingness to travel was […]
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