Duetto Research released its latest Pulse Report, highlighting the most up-to-date demand signals for the global hotel inventory. This edition of the Report now includes key metrics for the LATAM region, as well as data for New Reservations across all geographic regions covered: North America, LATAM, EMEA and APAC.
The Duetto Team added the Latin American data to the report following suggestions from subscribers.
“We added Latin America into our second iteration of the Pulse Report because we got a request. That's something that's exciting about this report, that we are really open to feedback and excited to make it valuable for our industry colleagues,” says Hannah Weller Barrise, Director of Hospitality Solutions, Americas.
LATAM has proved a vital new component to tracking the impact of COVID-19 on the hotel industry around the world.
“This region is at the back end of the crisis. First there’s Asia, then EMEA and North America, and then LATAM. So adding this region tells us the whole story, globally,” explains Daniel Lofton, Director of Hospitality Solutions, Americas.
Latin America reported its first COVID-19 case in Brazil on February 26. In mid-March many countries across the region imposed restrictions and quarantines on their citizens.
“The data shows us LATAM still has a lot of confidence for the latter part of the year. There’s a lot of bookings, especially for the latter part of the summer,” Lofton remarks.
Pulse Report data for LATAM On The Books vs. STLY by Stay Month as of April 19th showed that travelers with bookings in Latin America continue to show a higher degree in confidence in stay dates from September 2020 onwards.
Weekly New Bookings vs. STLY by Stay Month for Latin America also showed a slightly positive year over year trend for bookings in 2021, with new bookings for stays between May and July.