JLLs latest Global Market Perspective shows that investment and occupier markets are moving at different speeds
With the Coronavirus scare gaining momentum, this article revisits the 2003 SARS pandemic, seeking insight into the potential impact on individual markets and travel as a whole.
During the nights of Friday, 31 January, through Sunday, 2 February, the Miami/Hialeah market posted an absolute ADR level of US$616.91 (+148.5% year over year), which drove a RevPAR value of US$572.30 (+175.2%) - the highest levels in the metrics among any Super Bowl weekend. Occupancy in the market rose 11.3% to 92.8%.
Hotel bookings have fallen by about 25% in select Barcelona properties after Mobile World Congress was canceled on 12 February, according to preliminary data from STR's Forward STAR.