This is the last edition of the CHR Research Roundup for 2021. Volume 22 will debut on January 7th. Wishing all of our readers a happy, healthy, and restful holiday season.
The CHR Team
The Cruise Industry Faces Challenges with Optimism A panel of experts and industry leaders joined Dean Kate Walsh and Professor Robert Kwortnik for a keynote webinar on the unique challenges faced by the cruise industry throughout the COVID-19 pandemic, lessons learned, and preparations for setting sail once again.
Cornell Hotel Indices: Third Quarter 2021 Pole Vaulting to a New High Professor Crocker Liu and co-authors find that the hospitality industry is bouncing back. Hotels are seeing a rebound and are not only regaining losses incurred during the pandemic but some areas, such as the Pacific and South Atlantic regions, are rising above the pre-pandemic average. Hotels in both gateway and non-gateway cities continue to fare well. This trend looks like it will continue through the next quarter.
Accenture's Travel Readiness Index Tracking travel and non-travel indicators that influence overall readiness to travel again, such as COVID-related health status, economic indicators, travel demand, and mobility status.
Blazing Trails: Achieving Net Zero as a Competitive Advantage "The climate crisis is a complex issue that requires unified action - it takes all of us doing what we can to help combat it. But what exactly can we do to decrease waste, lower our carbon footprint, and live, work, and play more sustainably?" A Conversation with Marriott’s Denise Naguib and Salesforce’s Patrick Flynn.
THE VIEW FOR 2022
Insights and Expectations for the U.S. Hotel Industry Friday, December 17, 12 p.m. ET REGISTER NOW
Watch recordings on demand. Access all of our past events on demand from our new keynote webinar library. From real estate and finance to HR, entrepreneurship to food and beverage, technology to marketing, and cruise lines to airlines, our experts have covered it all.
During the week ending December 11, U.S. hotel performance crept up from the previous week as did the indexed comparisons with 2019. Of note, New York City posted its highest occupancy (81.5%) of the pandemic-era and led all STR-defined U.S. markets in the metric.
After a holiday dip, U.S. group demand improved to 68% of the comparable 2019 level.
Pulse Report: Recovery Continues, But Cancellations Increase
"The latest edition of the Pulse Report, which compares data from November 2021 with October 2021, shows continued recovery across the majority of regions, and despite increases in Omicron concerns leading to a rise in cancellations, web search activity shows that appetite to travel is still very much there."