How global tourism growth will perform in 2022

27-01-23

Regionally, Asia experienced the only decline in revenue per available room (RevPAR) from 2019, according to 2022 data from STR.

"While most regions of the world were affected by omicron in early 2022, the recovery in top-line performance generated large surges in the second half of the year," said Robin Rossmann, managing director of STR.

"The resilience of the industry has been underpinned by significant pent-up leisure travel over the summer alongside the return of corporate demand, as the nature and duration of this business travel has evolved. Unlike previous recessions, room rates have been the key driver of the recovery, with every region of the world except Asia showing an increase in ADR during 2019. Although occupancy was below pre-pandemic comparables, the metric is expected to stabilise throughout 2023. Despite economic headwinds, the industry is operating from a position of strength in the new year."