HotStats: January profit performance up in Middle East, APAC

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Several regions around the world are showing signs of sustained performance positivity, according to the latest monthly global hotel performance data from HotStats. 

“The collective hotel industry is relieved that 2020 is in the books, but it doesn't mean that 2021 will automatically be better,” said David Eisen, HotStats’ director of hotel intelligence and customer solutions.

“However, the ramp-up and rollout of vaccines, in tandem with relaxed restrictions in some areas, should spur demand. Still, until companies decide it's okay to put their employees back on the road, meetings convene and conferences floor, the hotel industry will continue to have a revenue problem that will have to be blunted by expense control.”

Read the full article on our sister publication Hotel Management