International Tourist Arrivals Triple YoY
Skift Take
- The DJIA fell 347 points while Nasdaq was down 75, the S&P 500 fell 39 points and the 10-year treasury yield was up .07 to 3.83%
- STR said US hotel RevPAR the week ending 10/1 was up 22.6% year over year, helped by Hurricane Ian and the holiday shift.
- According to the latest UNWTO World Tourism Barometer, international tourist arrivals almost tripled from January to July 2022 (+172%) compared to the same period in 2021
The DJIA fell 347 points while Nasdaq was down 75, the S&P 500 fell 39 points and the 10-year treasury yield was up .07 to 3.83%. Lodging stocks were modestly lower.
STR said US hotel RevPAR the week ending 10/1 was up 22.6% year over year, helped by Hurricane Ian and the holiday shift. RevPAR was up 12.9% when compared with the same week in 2019.
According to the latest UNWTO World Tourism Barometer, international tourist arrivals almost tripled from January to July 2022 (+172%) compared to the same period in 2021, meaning the sector recovered almost 60% of pre-pandemic levels.
Regional Performance RegionPercentage of 2019YoYEurope74%190%Middle East76%287%Americas65%103%Africa60%171%APAC-86%165% Sub-Region PerformanceSeveral subregions reached 70% to 85% of their pre-pandemic arrivals in January-July 2022.
RegionPercentage of 2019Southern Mediterranean Europe-15%Caribbean-18%Central America-20%W