The higher cost for goods is not yet wrecking traveler appetite. Despite record gas prices, ballooning airfares and crippling inflation roiling the globe, hotel performance remained widely steady, if not getting better, in April, with increases in both the top and bottom line.
In the U.S., April gross operating performance per available room (GOPPAR) hit $96.08, which was 92% back to where it was pre-pandemic. Accounting for the rise was a strong top line that featured both growth in occupancy and average daily rate, with the latter outpacing where it was in April 2019, $5 higher on a nominal basis.
Total revenue per available room (TRevPAR) was recorded at $226, which was still $40 off where it was pre-pandemic, April 2019.
Travel Daily News
2023 Caribbean travel and tourism outlook is favorable
Despite global pressures such as high inflation, the war in Ukraine, the ensuing energy crisis, and an impending economic recession, the outlook for Caribbean travel and tourism is favorable, according to the Barbados-based Caribbean Tourism Organization (CTO).
Delivering the region’s 2022 “Tourism Performance and Outlook Report” in Bridgetown today, Neil Walters, Acting Secretary General of the CTO, confirmed that […]
The largest tourism fair in the DR will be held from April 26 to 28
DATE is the country and the Caribbean’s most important tourism promotion fair for Dominican products. According to Andrés Marranzini, executive vice president of Asonahores, DATE is the stage where the industry’s main source markets meet the hotel sector and the local complementary offer. He stated that the event focuses on promoting Dominican tourism products in order to increase the flow of tourists […]
Point of View: Jamaica Blue Mountain Coffee Festival celebrates the world’s best tasting coffee this spring
Coffee lovers worldwide unite and honor one of the world’s most sought-after coffee beans at the 6th annual Jamaica Blue Mountain Coffee Festival. This year the festival marketplace takes place on Saturday 25th March in its usual home, the historic Newcastle Parade Grounds in St. Andrew, Jamaica.
Regarded as one of the best coffees in the world, Blue Mountain Coffee is grown […]
Urgently reduce global warming
World leaders need to listen to and act on solid scientific guidance to urgently reduce global warming, the UN Secretary-General António Guterres said in a video message at the opening of the new session of the Intergovernmental Panel on Climate Change (IPCC) on Monday.
Underlining the “urgent need to end global heating with cold, hard facts”, he said the panel’s forthcoming report ahead […]