There is no doubt that the coronavirus has had a significant consequence on the tourism market. Nevertheless, as the epidemic evolves, it is impossible to determine the depth and breadth of its damage in both the short and long term.
We are still dealing with the effects of periodic lockdowns, border closures, and financial instability, however these 50 Tourism and Hospitality Statistics demonstrate the immediate and continuous influence of coronavirus on the tourism business.
Without the statistics, leading companies are finding it extremely difficult to fine-tune their online and social media campaigns.
Thankfully, we’ve gathered all of the hospitality statistics and information you’ll want in this post. The goal is to assist you in utilising statistics in tourism to substantially encourage growth, engage consumers, and execute strategies.
- According to the tourism sector, it employs 15.8 million Americans, approximately one out of every ten. As a result, the financial consequences of coronavirus might have a significant impact on the unemployment rate in the United States.
- According to some sources, the decline of travel-related professions led the U.S. unemployment numbers to more than double, from 3.5 percent in February to 7.1 percent in March/April.
- Researchers anticipate that the United States will lose considerably more than almost any other country in financial terms, roughly doubling that of China, based on present statistics.
- International tourism in Hawaii dropped 99.5 percent in April, when several governments urged or demanded that citizens remain at home. Contribution of tourism 21 percent of the overall of Hawaii’s GDP.
- Florida likewise experienced a decline in travel, with the state’s tourist industry dropping 10.7 percent in the first quarter of 2020. According to the province, the tourist industry has a $67 billion financial influence on the country of Florida.
- Approximately 3% of hotel chains in Austin, Texas were filled on April 11, 2020: 342 rooms were reserved, compared to 10,777 in 2019.
- According to Statista, the US will spend $355 billion less in 2020, a 31% decline.
- Border limitations disrupted commercial flights as well as other means of transport.
- IATA also anticipates that aeroplane ticket costs would rise particularly if carriers are required to follow social distancing policies. As per IATA CEO Alexandre de Juniac, ticket costs might climb by up to 50%.
- One business analysing ticket rates during the peak of COVID-19 discovered that tickets increased 13.7 percent and 10.9 percent year over year through April 13 and May 4, correspondingly.
- As per AHLA, resorts in the United States reportedly dropped more than $46 billion in revenue growth since mid-February. Based on recent utilization percentages and earnings tendencies, the institutional investor predicts that hotels would lose up to $400 million in room income every day.
- In the United States, AHLA discovered that specific hotels and large crews are forecasting dwelling units of less than 20%. A rate of 35 percent or below makes it difficult for many occupancies to remain open – and many lodgings are shutting entirely.
- According to McKinsey, COVID-19 will certainly hasten the transition to digitalization. As the scenario unfolds travellers will seek versatility and be prepared to make last-minute arrangements. For example, more than 90% of previous vacations in China were scheduled around seven days before the trip.
- In the worst assumption, RevPAR will fall by 20% by 2023.
- Because of their greater unpredictable and semi-fixed expenses, the revPAR of luxury rooms recovers the slowest.
- According to an Ipsos poll conducted in July 2020, 51 percent of Americans are willing to remain in a restaurant the same number as the previous month. Attitudes regarding staying in hotels appear to be increasing or remaining stable.
- Hyatt announced a $236 million second deficit, a 376 percent decline in revenue from the same period last year. The revenue per available seat (RevPAR) was roughly 90% lower.
- Full-service restaurant bookings began to fall in the United States in March, with visits falling by 41% throughout the nation.
- According to the planning service Homebase, the number of hours worked in local bars and restaurants had decreased by 40% by March 17, whereas the total number of hourly employees had fallen by 45 percent.
- The epidemic has taken a heavy toll on restaurant employees. According to the National Restaurant Association, two – thirds restaurant owners have sacrificed their employment.
- According to the James Beard Foundation, restaurants lay off 91 percent of their hourly staff and 70 percent of their paid personnel as a result of COVID-19 and outbreak shutdown.
- According to the National Restaurant Association, the eating sector would lose up to $240 billion by the end of 2020.
- In-person eating may be prohibited, but according to one poll, 33% of customers are ordering more takeaway than before the outbreak.
- On International Museum Day, UNESCO revealed that over 90% of artistic organizations had to shut their operations due to the epidemic; about 13% may never recover.
- The New York Metropolitan Opera was forced to suspend its performance before the end of March, and it anticipates losing $60 million in income as a result.
- As per one poll, safari reservations dropped by 75 percent or more, putting the tourist sector in nations that rely heavily on international travellers to sustain their economies in trouble.
- The CDC announced a no-sail warning for commercial ships after discovering that 80 percent of ships under U.S. jurisdiction reported cases of COVID-19 on board between March and July.
- In comparison to the similar timeframe last year, Mastercard saw a 45 percent decline in travel-related payments. The credit or debit card firm examined the percentage of cross-border transactions performed in the three months ending June 30.
- In March, 77 percent of members of the American Society of Travel Advisors (ASTA), a travel agency group, anticipated that they would be out of market in 6 months or less.
- The Walt Disney Company lost approximately $5 billion in April, May, and June owing to the closure of its amusement parks: Disney World, Disneyland, including Disneyland Paris, as well as the company’s brand residences and cruise businesses.
- The outbreak has had a significant impact on corporate travel, which is expected to lose $810.7 billion in sales this year.
- China is anticipated to suffer the greatest loss in business trips from COVID-19, with expenditure falling by a maximum of $404.1 billion.
- Experts estimate that 5 to 10% of corporate travel would be gone forever, owing in part to virtual working technologies that facilitate interactive sessions.
- COVID-19 reduced work travel by 89 percent, more than the Great Recession and 9/11 combined. According to PwC, over half of all firms cancelled concierge service during the epidemic.
- In terms of overall production, lodging is the greatest sector of the economy of the hospitality business. In reality, this business contributes to around 20% of overall hospitality-related expenditures.
- The hotels and restaurants business in the United States generated $206 billion in sales in 2019, surpassing the overall economy over the previous five years.
- In the United States, the lodging sub sector employs roughly 2.1 million people.
- Tourists spent over $300 billion on traveller lodging in 2017.
- There are roughly 9 million hotel rooms in the United States, ranging from low-cost motels to five-star hotels.
- Following its strongest epidemic success in September with a year-on-year rate of growth of -28 percent, hotel occupancy dropped to -35 percent in November before marginally rebounding to -32 percent in December 2020.
- Luxury hotels suffered far worse mostly during the epidemic, with just 21% availability in December 2020, down from 68% in December 2019.
- Economy hotels, on the other hand, did a lot better, with 45 percent utilization in December 2020, just 3 percent lower than in December 2019. (48 percent ).
- Because the hotel industry was severely damaged by the COVID-19 epidemic, hotel brands may suffer up to 20% of their total worth, amounting to $14 billion.
- Surprisingly, 37 percent of vacationers choose to stay in a discount hotel over a shared accommodation.
- After checking in, 90% of youngsters access the hotel WiFi.
- On their most recent vacation, 58 percent of family travellers checked into a hotel. On the other hand, 21% remained at a resort, 17% were welcomed by friends/family, and 16% stayed in a vacation home.
- In context of the epidemic, half of all tourists believe mask implementation is the most important issue in selecting where to stay.
- 55 percent of international travellers say they are committed to making sensible travel decisions, but they confront several obstacles in doing so.
- 51 percent of US tourists who decide to embark on a vacation undertake investigation for up to 7 days.
- There are 3 times higher experience inquiries than accommodation searches in the last 12 weeks contributing up to a vacation.
Here are a handful of the most fascinating facts regarding theTourism and Hospitality industry. Hopefully you enjoyed this list of statistics about the hotel business.
The hospitality is loaded with information that will fascinate and astonish you. Many additional information on this site guarantees that you have access to all accommodation facts in one spot.
The hospitality sector is undergoing transformation. Gaining ground on humanitarian and development assistance. With these 50 statistics, we attempted to demonstrate how the tourism business is becoming progressively remarkable