"Hotel room rates have recovered significantly, even leapfrogging pre-pandemic levels in the case of luxury hotels due to the release of pent-up demand from wealthy travellers. Nevertheless, MICE events and banqueting have yet to recover in full, and the hospitality sector still has hurdles to overcome, such as labour shortages and rising operating costs. Overall performance will likely remain strong but also dependent on the hotel grade and market."

"Inbound tourism has strongly rebounded with the border reopening, and optimism is high overall. Hotel performance has improved significantly, and room rates have seen notable increments. Nonetheless, there are still hurdles facing the hospitality sector going forward, such as labour shortages, higher costs from utilities and food, and the potential impact from the global economic slowdown."

"Savills Hotels are delighted to present the final quarter hotels report for 2022. The report highlights the quarters recent transaction and sales information, with some motivating signs of accommodation heading in the direction of normality."

"The staycation surge: a pandemic trend or a permanent feature?"