{"id":933,"date":"2022-02-16T19:05:07","date_gmt":"2022-02-16T19:05:07","guid":{"rendered":"https:\/\/kellyintel.com\/?p=933"},"modified":"2024-01-26T15:52:13","modified_gmt":"2024-01-26T15:52:13","slug":"hotl-earnings-global-travel-set-to-rebound-in-2022","status":"publish","type":"post","link":"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/","title":{"rendered":"HOTL Earnings: Global Travel Set to Rebound in 2022"},"content":{"rendered":"<p>The Hotel and Lodging Sector acts as an effective economic barometer as it uniquely captures both leisure and business spending across various income levels. Reuters <a href=\"https:\/\/www.reuters.com\/business\/marriott-airbnb-others-see-global-travel-rebounding-2022-2022-02-16\/\">covered the global rebound in travel<\/a> stating:<\/p>\n<blockquote><p>Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and leisure this year at rates not seen since before the pandemic [&#8230;] With many workers embracing the flexibility that comes with permanent remote work, Airbnb said people using its short-term rental site booked longer stays during the just-ended quarter.<\/p><\/blockquote>\n<p>Top constituents in the <a href=\"https:\/\/kellyintel.com\/hotl\">HOTL Index<\/a> include Marriott, Hilton, and Airbnb.<\/p>\n<p>Airbnb\u2019s revenue and gross booking value exceeded prepandemic levels in the fourth quarter and the full-year. The fastest growing category for the company is long-term. Long-term stays of 28 nights or more are Airbnb\u2019s fastest-growing category, accounting for 22% of gross nights booked in the fourth quarter. Furthermore, the average trip length has increased by 15% over the past two years, and stays of seven nights or more now represent almost half of all gross nights booked. Airbnb said, \u201cAs a result, people are spreading out to thousands of towns and cities, staying for weeks, months, or even entire seasons at a time.\u201d\u00a0 No better data point that people wanting flexible work arrangements so they can have experiences. Stock was up 5% on earnings.\u00a0 \u201cNearly half of nights booked in the fourth quarter were for a week or longer,\u201d said Airbnb CEO.<\/p>\n<p>Hotel chains Hilton Worldwide Holdings (HLT) and Marriott International (MAR) reported solid fourth-quarter earnings, moving closer to recovering to prepandemic levels. Hilton\u2019s revenue per available room, for example, recovered to 13.5% down on 2019 levels, while Marriott\u2019s was 19% lower. RevPAR, or revenue per available room, which Marriott calculates by dividing room sales, recorded in local currency, for comparable properties by room nights available for a given period, rose by 124.5% worldwide for the quarter ending December from the same period of 2020. CEO said, \u201cBy the fourth quarter, global RevPAR was 19 percent below 2019 levels, a 40-percentage point improvement from the decline in the first quarter of the year.\u201d\u00a0 MAR could begin returning cash to shareholders later in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hotel and Lodging Sector acts as an effective economic barometer as it uniquely captures both leisure and business spending across various income levels. Reuters covered the global rebound in travel stating: Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,21],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HOTL Earnings: Global Travel Set to Rebound in 2022 - Kelly Intelligence<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HOTL Earnings: Global Travel Set to Rebound in 2022 - Kelly Intelligence\" \/>\n<meta property=\"og:description\" content=\"The Hotel and Lodging Sector acts as an effective economic barometer as it uniquely captures both leisure and business spending across various income levels. Reuters covered the global rebound in travel stating: Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Kelly Intelligence\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-16T19:05:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T15:52:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kellyintel.com\/wp-content\/uploads\/2022\/02\/HOTL-Hotel-Lodging-Banner-II.png\" \/>\n\t<meta property=\"og:image:width\" content=\"950\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kevin Kelly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@kellyintel\" \/>\n<meta name=\"twitter:site\" content=\"@kellyintel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Kelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\"},\"author\":{\"name\":\"Kevin Kelly\",\"@id\":\"https:\/\/kellyintel.com\/#\/schema\/person\/2b310b3d4dc418f2257f5bf54aff62e8\"},\"headline\":\"HOTL Earnings: Global Travel Set to Rebound in 2022\",\"datePublished\":\"2022-02-16T19:05:07+00:00\",\"dateModified\":\"2024-01-26T15:52:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\"},\"wordCount\":368,\"publisher\":{\"@id\":\"https:\/\/kellyintel.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kellyintel.com\/wp-content\/uploads\/2022\/02\/HOTL-Hotel-Lodging-Banner-II.png\",\"articleSection\":[\"Hotel &amp; Lodging\",\"Real Estate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\",\"url\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\",\"name\":\"HOTL Earnings: Global Travel Set to Rebound in 2022 - Kelly Intelligence\",\"isPartOf\":{\"@id\":\"https:\/\/kellyintel.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kellyintel.com\/wp-content\/uploads\/2022\/02\/HOTL-Hotel-Lodging-Banner-II.png\",\"datePublished\":\"2022-02-16T19:05:07+00:00\",\"dateModified\":\"2024-01-26T15:52:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#primaryimage\",\"url\":\"https:\/\/kellyintel.com\/wp-content\/uploads\/2022\/02\/HOTL-Hotel-Lodging-Banner-II.png\",\"contentUrl\":\"https:\/\/kellyintel.com\/wp-content\/uploads\/2022\/02\/HOTL-Hotel-Lodging-Banner-II.png\",\"width\":950,\"height\":540},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kellyintel.com\/hotl-earnings-global-travel-set-to-rebound-in-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kellyintel.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HOTL Earnings: Global Travel Set to Rebound in 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kellyintel.com\/#website\",\"url\":\"https:\/\/kellyintel.com\/\",\"name\":\"Kelly Intelligence\",\"description\":\"Traditional Investing. 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