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Fri, 17 June 2022

Global Hotel Occupancy Surpasses 2019 Levels for First Time

(17 June 2022, 11:32 +07)  According to Amadeus Demand360 business intelligence data, hotel reservations have been on par with pre-pandemic 2019 booking levels since March of this year.

April 2022 was the first month to surpass 2019 occupancy levels and this continued to climb in May hitting a new high of 63%, compared to 60% in May 2019.

High performing countries like the US saw occupancy levels of 68% for the month, 7% above 2019s performance, while Canada reached 64% occupancy in May, 8% higher than the same time in 2019.

Forward looking on-the-books data tells a similar story globally with the summer months of June, July and August currently tracking just 1% off 2019 levels.

View from one of the swimming pools at Siam @ Siam Design Hotel Pattaya. Click to enlarge.
View from one of the swimming pools at Siam @ Siam Design Hotel Pattaya

For true insight however, occupancy has to be considered alongside a persistently short booking window (number of days travelers are booking in advance of their trip). This data shows that the significant majority of trips (54%) are currently being booked 0-7 days before travel, which means that hotel occupancy rates currently recorded for the summer months could increase significantly.

In the case of the US travel market, 55% of bookings are made less than a week prior to travel. Europe is generally slightly more predictable with over a third of bookings (France 33%, Germany 35%, Spain 36%, and UK 39%) made within 0-7 days.

With high demand, the transient average daily rate (ADR) hoteliers are able to achieve has been building steadily from a global low of $83 in April 2020.

According to forward looking Amadeus data for June, July and August 2022, the worldwide average ADR is $200 which is just over 11% higher than in 2019 when the average ADR was $180 for the same months.

Individual countries are seeing high room rates over the summer, with France forecast to hit an ADR of $428 in July 2022, a 29% increase on 2019 rates.

Remaining restrictions are still influencing where travelers are originating from. Hoteliers, destination management organizations (DMOs), and travel sellers are tracking data closely to understand which countries are booking the most flights to their markets, and where additional marketing could help drive demand.

According to Amadeus air booking data as of 4 June 2022, the US leads all countries in top inbound flights for the forthcoming summer months, followed by the UK, France, Germany, and then Canada.

Amadeus car rental data as of 3 June 2022 also shows worldwide demand increasing this year, with 33% more bookings made for the months of June, July and August compared to the same time in 2021.

Rental lengths are also up in 2022 over 2021 (6 days vs 5 days on average), with a higher ADR of $102 vs $92.

Based on 2021 performance for the summer travel season, 54% of bookings were made within a week of travel, which provides significant opportunities for car rental volumes to grow.

Katie Moro, Vice President, Data Partnerships, Hospitality, Amadeus, said, Were proud to showcase the most comprehensive historical and forward-looking travel data available on the market today, which will be instrumental in helping the travel sector strategize and prepare for a welcome summer surge. The data clearly shows the proportion of travelers that are booking in the last 7 days before travel, for example, which should give hoteliers the confidence to keep their room rates steady and not be tempted to drop them to attract more business.

Having access to real-time market insights allows hoteliers and DMOs to target travelers at the right time, at the best rate, in order to rebuild their businesses.

Francisco Prez-Lozao Rter, President, Hospitality, Amadeus, said, We will continue to work closely with our hotel partners to ensure they have the technology and insights they need to deliver excellent guest experiences in the face of continued labor shortages and last minute bookings. This is where technology plays such a crucial role in helping hoteliers manage daily operations as efficiently as possible.

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