Are hotels seeing the highs of pre -pandemic popularity?

Are hotels back to hitting the highs of pre-pandemic popularity? Let’s find out. Read time: 2 minutes.

There’s no doubt that post-covid the hotel industry has been hit hard. With the cost of living crisis now crippling the nation, it wasn’t looking particularly hopeful. However, there is light at the end of the tunnel…

PPHE Hotel Group has stated it is “confident” in its financial performance as total room revenue and revpar has neared 2019 levels, this follows a rising demand for leisure and corporate travel towards the end of last year.

During the final quarter of 2022, the itch for corporate and leisure travel was starting to be scratched again by many individuals and companies. Cities such as London and Croatia saw a significant spike in hotel accommodation following the summer season and the final quarter of 2022, meaning that people were starting to go back to pre-pandemic ways of booking trips and staying in hotels. Brilliant news!

‘Here at Daniel James Interiors, we care about the industry and have spent time compiling ways to tackle this issue and decrease the number of no shows per month’.

DANIEL JAMES INTERIORS

‍PPHE Hotel Group released its annual update for the year ending 31 December 2022, which showed that revpar was £96.2, up by 168% from 2021 and 92.8% from 2019, reflecting the increase in occupancy to 60% compared to 30.7% the previous year.

Whilst the increase can only suggest that hotel usage is on the rise, it will still take this year to fully analyse the data and assess whether we’re back on the right track, however from what we can see so far, it’s good news for the hotel industry.