Automatic

📈 On Apr 9, 2025, Morningstar slashed 2025 revenue growth forecasts for Booking Holdings (from 8% to 3.5%), Airbnb (from 10% to 5%), Expedia (from 6% to 3%), and Tripadvisor (from 6% to 4%), attributing the revision to economic challenges including Trump's tariffs and a dip in U.S. consumer sentiment. Despite travel's tendency to surpass GDP growth, the sector isn't immune to economic slowdowns. More details at Morningstar.

🏨 Apr 9, 2025, at the International Hospitality Investment Forum EMEA in Europe, hotel industry experts reported that hotel demand has exceeded 2019 levels for 24 consecutive months. Occupancy rates increased by 2%, ADR (Average Daily Rate) by 3%, thereby raising RevPAR (Revenue Per Available Room) across major cities. Southern Europe led with a 50–60% ADR rise over 2019 figures, while economy/midscale hotel classes dominated in 2023; by 2024, luxury led with a 1.5% growth in supply. RevPAR growth is primarily driven by ADR, correlating with 30–40% GOPPAR (Gross Operating Profit Per Available Room), although some countries report below €60. The U.S., in contrast, exhibited balanced growth across hotel classes.

🏨 Easter 2025 hotel bookings rose 16.8% year-over-year, with Spain and Portugal leading at 6.75 and 4.75 more bookings per property respectively. ADR grew by 13.7% in Portugal and around 8% in Spain, while Mexico, the US, and the UK faced declines. Booking lead time increased by 9.63% to an average of 96 days, with Portugal hitting 105 days. Italy showed the largest lead time increase at 15.51%. Global average stay length dropped 3.43%, but Italy and Australia saw rises. International bookings grew in all markets, except Australia, with notable jumps in Italy and France. Germany's May holiday bookings are up 14.4%, with longer lead times in Mexico and Italy.