Global View: Vaccinations boost travel, subscriptions help struggling venues, and the top summer destinations

Cancun beach

Hotel Management

CBRE: Vaccinations, stimulus spur stronger H2 for U.S. hotels: The continued rollout of Covid-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February edition of Hotel Horizons, CBRE Hotels Research is forecasting an average national occupancy level of 43 percent during the first half of 2021, accelerating to 55.1 percent in the second half of the year.

Profit Talks - How hoteliers are finding revenue in a downturn: The first installment of Profit Talks, a series of conversations about hotel profitability in the Covid era, focused on revenue and how hotels are finding ways to turn a profit. 

Luxury Travel Advisor

CDC OKs fully vaccinated Americans to travel: Good news for those itching to travel in 2021 and are already fully vaccinated or are in the process of doing so: The U.S. Centers for Disease Control and Prevention (CDC) says Americans who are fully vaccinated can travel “at low risk to themselves,” both domestically and internationally. 

Travel Agent Central

Stats - Orlando, Cancun top summer travel destinations: This year, Americans are making up for lost time, according to Allianz Partners’ “Top 10 Summer Destinations” review. After last summer’s vacation plans were largely cancelled due to the pandemic, Americans are regaining confidence in 2021 and planning trips to Florida, Hawaii, Mexico and the Caribbean. 

Hospitality Insights

Portugal offers hospitality investors post-Covid opportunities: Situated on the south-west edge of Europe, Portugal has sometimes failed to generate the hospitality excitement of some of its Mediterranean rivals but over the last couple of years that has started to change with an influx of interest from outside capital.

Thomas Cook hotel brand relaunches: Fosun Tourism Group is relaunching Thomas Cook’s millennial-focused hotel brand Cook’s Club.