Philadelphia hotels experienced unprecedented declines in demand during the COVID-19 pandemic, similar to most top-25 markets in the United States. Considering the city’s large number of demand generators, Philadelphia hotels are well positioned for a recovery, albeit a slow one. How far did the Philadelphia hotel market fall? What factors will shape this recovery?
The Coachella Valley is known for its signature events, including the Coachella Valley Music & Arts Festival. With major events canceled in 2020, how did the market perform? What’s the road for recovery?
This market snapshot provides an overview of the recent performance of the lodging industry in the island of Corfu in Greece, the capital of the Ionian islands and the sunniest part of Greece, in terms of demand and supply and analyzes past and future tourism trends.
This market snapshot presents current data and information on the upscale and luxury hotel and tourism industry in Florence, Italy.
New developments are making the “Walled City” more welcoming than ever, while limited supply allows occupancies to remain strong and average rates to increase tremendously.
Prior to the events of September 11th, the market was performing at levels on par with 2000; however, since September 11th the market occupancy declined somewhat.