Hotel booking news: Hotel bookings surpassed pre-pandemic levels in the June quarter

Reservations and room revenue at several hotel chains exceeded pre-pandemic levels in the June quarter, driven by pent-up demand and more hotel stays. Upbeat hoteliers said forward bookings and ongoing business for the second half of the year also looked promising.

“We have exceeded the number of bookings and occupancies compared to the pre-Covid era, and we are delighted to see such a positive rebound in the travel and hospitality sector,” said Nikhil Sharma, director regional for Eurasia at Wyndham Hotels & Resorts EMEA. . “Bookings are up 700% compared to bookings at the same time last year.”

He said pre-bookings (for June-December) for room nights and revenue increased by 650% and 230% (respectively) compared to last year. “Overall, we expect strong growth this year compared to 2021,” he added.

Karan Mahesh, account manager for Central and South Asia at STR, said occupancy, average daily rate and revenue per available room were well above 2019 levels at 105%, 113% and 120%. , respectively, for May in India and June. seemed to mirror the trends seen in May.

“Due to the massive impact Omicron has had in the first two months of 2022, the following months have seen (and continue to see) an increase in travel demand month-on-month. “, did he declare. “When you combine that with the resumption of business travel and the reopening of international borders around the world around the same time, 2022 has been a year of continued growth for the industry as a whole,” he said. declared.

According to Mahesh, after February, India generally saw slower occupancy and average daily rates until late summer. However, so far this year has been all about pent-up travel.

Anil Chadha, division general manager at ITC Hotels, said the first quarter of the new fiscal year was the light at the end of the tunnel for the industry. “January to March started with the Omicron wave scare towards the end of January,” he said. “The new fiscal year started clean and remained clean throughout the quarter. ITC hotels across the board, particularly the Welcomhotel Hill properties, recorded encouraging numbers, both in terms of occupancy and price bedrooms.

Sudeep Jain, MD, Southwest Asia at InterContinental Hotel Group (IHG), said that in the first quarter of 2022, IHG’s performance in the Southwest Asia region was below 2019 levels. , this reversed in the second quarter and the chain’s total revenue exceeded 2019 levels.

“Generally, we have seen a slowdown in demand during the summer months compared to the rest of the year. However, this year we have seen a big increase in demand,” he said. “While the region saw an average occupancy of 58% in the first quarter, this accelerated to over 70% in the second quarter. We also saw growth of over 15% in average daily rates in the second quarter compared to the first quarter.

Zubin Saxena, MD and Vice President of Operations, South Asia at Radisson Hotel Group, said that, buoyed by strong tailwinds, domestic travel has become a growth engine for India’s hospitality and hospitality ecosystem. tourism.

“At Radisson Hotel Group, we are seeing healthy recovery and occupancy levels across our portfolio of over 100 hotels in India. Our occupancy levels have seen significant improvement as we record double-digit growth numbers,” Saxena said. “We are poised for a stronger business resumption with continued demand from leisure foreigners, MICE and social media in the second half of 2022.”

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