Easing of international travel restrictions likely to boost lodging demand

Jan 30, 2023, 13:39 PM by Matt Mowell
Visitors from China and Japan account for a sizeable share of international travelers into the U.S., but in recent years COVID-induced travel bans caused trans-Pacific travel to nearly halt. Last winter, the number of inbound travelers from China and Japan hovered around 5% of 2019 levels. As restrictions have fallen away, notably the U.S. no longer requiring a negative COVID test beginning last June, travel from China and Japan has steadily increased.

The return of East Asian visitors will be a plus for the American hotels, especially in Hawaii, major West Coast markets, and premier leisure destinations like Las Vegas and Orlando. In addition to the hotel market’s surprising resilience in recent quarters, we expect further demand growth, especially from visitors from China and Japan, as more travel restrictions ease.


Deconstructing CRE

279 posts

Last post : 03/20/2023

redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin play-btn line-arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard