Tourism Economics

There are significant losses in total visitor spending in communities that ban STVRs. Across 10 cities analyzed that had STVR

Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until

Gives destinations access to real-time flight and hotel Information for their markets.

The major factor in the revised timeline was a +$11 adjustment in 2022 average daily rate (ADR). Occupancy for the

Short-term vacation rentals accounted for a significant share of 2020 tourism.

On a nominal basis, ADR is expected to surpass the pre-pandemic comparable this year, while revenue per available room (RevPAR)

Overall, for 2021, the forecast calls for U.S. hotel industry occupancy of 54.7%, average daily rate (ADR) of $115.50 and

The recovery in passenger numbers is slightly stronger than the recovery in demand measured in revenue passenger kilometres (RPKs), which

Domestic tourism will support travel industry survival in the short-term, while international travel returns slowly.

But by June 2020, domestic reservations had more than doubled to reach 80% according to The Economist. Stays within 200