STR News.

Toll Brothers' luxury housing market resilience offers insights for STRs. While affluent buyers have significant equity, their spending is tied to market confidence. Upscale STRs could face similar discretionary purchase risks if equity markets decline.

Premier Inn's Middle East growth signals demand resilience in the mid-market sector, despite a March collapse due to geopolitical events. Occupancy rebounded sharply from 50% to 78% by July, with revenue recovering significantly. This highlights a divergence where mid-market hotels outperformed luxury in occupancy.

International guest demand in India is down due to geopolitical instability, impacting luxury hotels. While domestic travel cushions the blow, high-spending foreign guests are missed. Recovery is expected if regional conditions stabilize.

MakeMyTrip reports a 2% decline in air travel in India but no drop in overall travel. Instead, travelers are shifting to short-haul, drivable vacations and luxury bus/cab services, growing 30-40%. This indicates a potential shift in travel preferences away from flights.