Travel experts fear long-term impact of virus. The outbreak of the coronavirus could impact tourism well into 2021. Travel agents, operators and hoteliers are bracing for months, if not a full year, of economic disruption from the outbreak, with long-term effects that may ripple well into 2021.
Consumer demand is shaping the experiences market. A lot of the change seen in the activities and experiences segment has been driven by changing research and booking behavior by U.S. travelers.
Coronavirus effects Hilton’s 2020 outlook. Performance and growth in 2019 were in line with expectations, but the potential impact of the coronavirus is weighing on the company’s outlook.
The future of air travel. McKinsey on the present, and future, of air travel. The airline industry is enjoying an all-too-rare period of healthy profits, and there is very real potential in new modes of air travel. Yet there is increasing awareness, among passengers and policy makers, that flying is a carbon-intensive mode of transportation.
Flight shaming a real treath to the airlines
Flight shaming a real threat to the airline industry. Environmental crusader Greta Thunberg is starting to make some U.S. airlines nervous. The Swedish teenager may have played a role in a recent 4% drop in the number of commercial passengers flying in Sweden. Some U.S. airline executives are now expressing concern that the same guilt could take hold in the U.S..
5 insights into the 2020 forecast for US hotels. Broader economic and tourism trends are behind a downgraded outlook for the U.S. hotel industry in 2020. The U.S. hotel industry got a confidence boost as December 2019 performance metrics came in strong. However, after two consecutive months of RevPAR declines, do not signify a recovery. Instead, hoteliers should expect the norm to continue to be slow-to-no growth going forward in 2020.
China hotel occupancy down 75%. Hotels across mainland China saw occupancy plummet 75%, according to STR. Hotels in other markets around the world will also see a more pronounced impact, given a greater dependence on Chinese outbound travel in more recent years. STR has projected a 28% drop in visits to the U.S. from China for 2020.
Economists expect long, lackluster cycle. The broader economic cycle is expected to continue unabated, but there seems to be little stimulus on the horizon to improve supply-demand dynamics.
Prague takes on Airbnb to dam flood of tourists. The latest European city to propose a radical assault on Airbnb. Under plans pushed by the city’s liberal mayor, Zdeněk Hřib, property owners would be barred from leasing out entire flats except when it was their own home and they were temporarily vacating it. Tourists demanding Airbnb rentals would be limited instead to single rooms in accommodation where the owner also lived.
2020 outlook improves for North American hoteliers, according to new data from Travelclick’s January North American Hospitality Review.
UK travelers to EU face end of free roaming. New government advice confirms extra red tape and expense for British travelers to Europe. Many aspects of travel were previously uncertain, but it appears that the government has already made up its mind that, for visitors to the remaining 27 European Union countries, it will be a hard Brexit.
US hotel RevPAR projected to flatten in 2020. U.S. hotel industry is projected for a non-growth year in RevPAR in 2020. For the first time since 2009, the U.S. hotel industry is projected for a non-growth year in revenue per available room (RevPAR), according to STR and Tourism Economics’ first forecast of 2020. The previous version of the U.S. hotel forecast released in November called for RevPAR increases of 0.5% in 2020 and 0.7% in 2021.
China releases new standards to rate quality of hotel online services. The new standards use a system of seven key indicators to evaluate hotels.
STR: The U.S. hotel industry registered its tenth year in a row of revenue per available room growth in 2019, but at 0.9 percent year over year, it is the lowest growth rate since the recovery began in 2010, according to STR.
Europe’s hot markets and the threat from overtourism. Hoteliers and analysts share their predictions for the hottest hotel markets in Europe in the next five years.
Koddi takes a quick dive into the booking trends surrounding Chinese New Year, also known as Lunar New Year or Spring Festival.
Baby boomer travelers: What marketers need to know. People over the age of 50 are Facebook's fastest-growing demographic. For the tourism and hospitality sector, older travelers are a key market, with more money to spend, more free time on their hands, and increased inclination to see new things. And in more recent times, the motivation for such travel has shifted.
Marriott study highlights distractions of social media. Eight in ten business travelers say social media is leaving them feeling drained and unaccomplished.
Tomorrow’s travel will look nothing like it does today.Within the next five years, most of our searching will be with voice to an ultra-intelligent electronic agent.
Hotels in European markets are expected to record RevPAR increases across 2020 due to mega events and a robust transactions-volume market.
Booking.com's Travel Review Awards 2020 spotlight the best in travel. 39% of global travelers prefer to stay in a holiday home or apartment over a hotel. While hotels came in as the second most-awarded accommodation type yet again,three quarters of all the winning properties are homes, apartments and other unique places to stay, including everything from boats and igloos to homestays and country houses.
Offline bookings continue to decline as European consumers seek out online platforms both to plan and purchase their leisure trips, according to Phocuswright’s latest data.
NYC hotel building boom goes on despite recent declining occupancy and revenue.
European hotel industry remains robust, with strong fundamentals and pockets of opportunity across the continent, according to a new HVS report.
Responsible and purposeful travel: the way forward. Consumers’ ability to pursue their holiday dreams as often or as elaborately as they have until now is going to be constrained.. Technology and consumer preferences are constantly evolving and the threats to the environment and personal data are becoming ever more prevalent, according to Travel Weekly's Insight Annual Report 2019-20.
For travel companies to be successful in the future they need to be responsible and purpose-led to be able to inspire and resonate with people; consumers and employees alike.