Have you adapted your recovery plans to the most current data and insights of the global hospitality and travel industry?
No countries are exempted from the massive blow of the global COVID-19 pandemic. The hospitality and tourism industry across the world has suffered an unprecedented loss, even when compared with any other crisis in history. ForwardKeys reported a reduction in air travel by 50% since the outbreak took hold. Colliers International also shows that APAC saw a 42.1% drop in room occupancy in Q12020 – a performance that was last recorded during the 2009 Global Financial Crisis. The Western hemisphere also experiences a massive downturn, as STR and Lexology also reported a 96% drop in occupancy rates per room available in Italy’s hotel chains, 67% in the UK and 56% in USA.
Many studies and opinion leaders of the industry have been optimistic about the recovery, taking China’s hotel rising occupancy trend and statistics as a point of reference. As reported by STR, mainland China’s hotels reached a 31.8% daily occupancy rate on March 28, an increase from a low of 7.4% in early February. However, will the global industry’s recovery pattern look similar to China’s? Will there be differences in how each country’s hospitality and travel industry would pick up again? Will the focus on domestic travel as the primary market for the industry today transform the future landscape of the global hospitality and tourism industry?
Gain all these insights from each region’s leading expert in the hospitality and tourism industry about the current state of their industry’s recovery and what the future may look like for each region.
What will be covered?
- Different trends and insights on the current state of each region’s hospitality and tourism industry
- The recovery patterns of the hospitality sector in the regions of APAC, U.S., Europe and MEA (Middle East and Africa)
- The unique challenges faced by each regional hospitality industry in the next one year
- The impact of the new post-COVID norms on the future landscape of the global hospitality and tourism industry
GAIN EXCLUSIVE TRENDS & INSIGHTS FROM THE INDUSTRY DATA EXPERTS.
Our live webinar session will feature 10-minute keynote presentations from each region’s representative of the hospitality and tourism industry experts in the COVID-19 era (APAC, U.S., Europe, and MEA). There will be a live Q&A session afterwards, moderated by SensorFlow’s CEO and Co-Founder, Saikrishnan Ranganathan.
Host and Moderator: