Global deals slump in 2022, reveals new data

Deal-making activity in the global travel and tourism sector dipped in 2022, with a total of 1,006 deals being announced, according to data from analytics consultancy GlobalData.

Overall, deal-making activity fell 3.4% compared to the more than 1,040 deals announced in 2021.

STR: U.S. hotel results for week ending 7 January

Reflecting post-holiday seasonality and an unfavorable calendar shift, U.S. hotel performance fell from the previous week and showed weakened comparisons against 2019, according to STR‘s latest data through 7 January.

• Orlando was the only Top 25 Market to report an occupancy increase over 2019 (+2.0% to 71.3%).
• Of note, Las Vegas saw the highest occupancy level (73.5%). This was the first week with Las Vegas performance data included in STR’s reporting thanks to the rollout of new non-participant modeling in the U.S. Learn more here.
• Oahu Island posted the highest ADR lift over 2019 (+42.6% to US$332.05).
• San Francisco (-81.8% to US$72.25) saw the steepest RevPAR decline from 2019 due to the market hosting the College Football Playoff National Championship during the corresponding week in 2019.

1-7 January 2023 (percentage change from comparable week in 2019):

• Occupancy: 47.2% (-11.5%)
• Average daily rate (ADR): US$142.82 (+11.2%)
• Revenue per available room (RevPAR): US$67.40 (-1.5%)