Bleisure travel pays off in ROI. This new trend of traveling is not only potentially improving employee satisfaction and productivity, but also, saving the travel industry.
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Travel is more important now, and more meaningful. Data from Expedia's latest Traveler Value Index shows that 46% of people said travel is more important to them now than it was pre-pandemic.
Kayak's travel trends for 2023. U.S. travelers are searching less for domestic stays and more for hotels abroad. Travelers will be flocking to bucket list destinations in Southeast Asia, Australia and New Zealand in 2023, likely because these destinations have (finally) re-opened to visitors.
Prior ways of marketing to Chinese travelers won’t cut it anymore. Content needs to be inspirational and get deeper than quick-hit viral videos. When Chinese travelers return, they will be more cautious and won’t just travel to any available destination - they will pay more attention to brands and quality than they did in the past.
The world's top city destinations 2022. Paris has held onto the top spot in the Top 100 City Destinations Index 2022, while eight out of the top 10 cities are its European neighbors.
Where will Chinese tourists travel post-Covid? As Beijing begins to ease zero-Covid restrictions, huge pent-up demand for international travel signals a strong rebound is on the cards.
Google Flights' top trending destinations 2022. The list shows where American travelers want to go this year and beyond. London ranked the top trending destination this year.
Airbnb 2023 travel trends for Brits. They are searching both near and far for their next adventure, with Spain, France, New Zealand and Australia all trending.
Optimism for hotel group business in 2023. U.S. group demand data "very encouraging" heading into the new year. Even with a recession looming over the U.S. economy in the near future, a lodging industry analyst predicts that groups are poised to book more rooms at U.S. hotels in 2023.
Europe's quick rebound. 73 percent of U.S. luxury travel advisors surveyed said their clients’ interest in returning to Europe next year had grown since the beginning of the year.
Kayak anticipates China to fully reopen soon. Company likes what it sees in the numbers after loosened COVID-19 restrictions.
Trip.com calls for travel revival plan. The platform's four-pronged strategy engages destinations around the world in capturing pent-up travel demand from the vast Chinese travel market.
Hotel rates decline as travel demand cools. Rate index for hotels and other lodging fell nearly 5% in November from October. With a possible recession on the horizon, the price declines for travel in November could be a harbinger of a further drop in demand.
U.S. hotels' F&B revenue trails pre-Covid levels. F&B spend higher per occupied room in 2022 compared to 2019, but depressed occupancy resulted in reduced total F&B spend as recovery continues.
UK travel sales trends. Despite a busy summer, the UK travel market now appears to be slowing down once again ahead of the January peaks season.
Europe: Accor, IHG buoyed by growth in Americas. More American tourists due to discount on Euro compared to U.S. dollar. The latest quarterly results from Europe's three largest publicly listed hotel firms show performance very near to 2019 levels, expressing optimism that the upward trend will continue in 2023.
US hotel performance picks up, but slower than expected. Weekday demand down due to fewer business travelers. The smaller-than-expected bump in weekly hotel demand was due in large part to less group business and the fact that business travel did not start in earnest after Thanksgiving.
For China to reopen may take months. As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic situation.
Pent-up winter travel demand to continue to fuel airline recovery. A negative shift in spending habits looms for end of winter season and trips that have yet to be booked. Early signs from airline and tour operators show that winter travel demand is strong, with both bookings and pricing to sun destinations running ahead of pre-pandemic levels.
Is the travel boom fading?. Analysts are getting more skeptical about 2023. Even as airline executives crank up their enthusiasm about the travel rebound to maximum volume, analysts see cracks elsewhere in the industry.
Hotels could struggle as prices outpace paychecks. With both savings declining and income growth slowing, the American economy is in for some harsh reality heading into 2023.
Expedia Group’s Traveler Value Index 2023. Research reveals gaps between what people want from travel and what the industry is currently delivering. Expectations around safety and flexibility are still high, but travelers are also putting more consideration around the climate, inflation, and how to weather economic uncertainty.
STR: Signs of a slightly less optimistic outlook. Short-term travel sentiment soars, long-term outlook lags. Latest findings highlight growing sensitivity regarding costs and personal finances, which may stint future growth and could explain the dip in future sentiment.
Few Chinese keen to travel abroad soon. More than half of Chinese say they will put off travel abroad, even if borders re-opened tomorrow.
Europe’s travel prices are finally falling. Experts warn deflation won’t last long with more “correction cycles” to come. New data shows travel costs have come down for the first time in 2022, catching up with a travel deflation seen in the U.S. in the third quarter.
Thailand Tourism making gradual recovery. Expected to quicken greatly after Christmas, after recording only tepid growth because of the lack of key markets such as China.
Most-searched leisure travel destinations for 2023. New data from TripActions reveal the top trending leisure travel destinations for 2023, with Orlando coming in at No.1.
Is the future of travel really the three-star hotel? According to Expedia data, 40% of American travelers plan to stay in hotels that rank between one and three stars.
U.S. international inbound travel won’t fully recover until 2025. Slow recovery due to the ongoing delays at U.S. embassies to process visitor visas. International inbound travel to the U.S. is projected to be at 63% and 75% of its pre-pandemic volume in 2022 and 2023, respectively, according to the U.S. Travel Association.
STR expects hotel revenues to grow even in recession. There will be a mild slowdown in GDP growth in 2023. U.S. hotel industry revenues have never grown during an economic recession, but Tourism Economics and STR is projecting just that to happen in 2023.
Top 10 most traveled countries in 2022. Flight ticket database ForwardKeys published its annual report ranking the top countries based on the amount that tourism has increased.
Holiday cost is at a 5-year high in the US. 12% increase in hotel room rates since 2019. After a summer of chaos full of flight delays and cancellations, and booked out accommodations, travelers are worried about similar issues as volumes spike.
Optimism reigns in European hotel industry. Hoteliers in the region say travel demand is likely to remain broadly resilient. The midscale segment in particular is poised for success.
US: STR cuts 2023 hotel rate, occupancy forecast. Anticipates a mild recession going into 2023. Weaker economic momentum will temper travel recovery, but the rebuilding of business travel and the ongoing prioritization of leisure travel will continue to support demand growth next year.
It used to be 45% 55%. It’s going to be more like 30% 70% in favour of leisure, as the bleisure trend is going to continue, with people taking longer trips - which is great for hospitality.
Headwinds' threaten 2023 U.S. hotel recovery pace. PwC projects decline in leisure travel for 2023. U.S. hotels will see RevPAR finish at record highs this year, but economic headwinds are expected to continue to strengthen in 2023, threatening the pace of recovery, according to PwC.
U.S. hotel rates rise as business travel up. STR's top 25 markets had higher October occupancy and ADR than other markets, which reflects improving group and business travel demand.
Asia-Pacific slow to bounce back. International arrivals and occupancy rates at hotels across the region still lag far behind their pre-pandemic levels.
Hotels making up ground on short-term rentals. But as traditional hotels are stepping up their game doesn't mean that Airbnb and the likes are taking their foot off the gas.
UK: All-inclusive bookings to rise in 2023. Abta’s Travel Trends 2023 report shows 29% of people want to take an all-inclusive holiday to help control travel spend.
European tourism proving exceptionally resilient to inflation. While the cost-of-living crisis is causing many to change their approach to travel, it is not dampening their desire to explore Europe completely.
Luxury travel advisor’s client insights. Demand remains extremely high, and luxury clients understand and are willing to invest in trips that are more expensive than in the past.
Koddi: Holiday season travel outlook. Now is the time for savvy travel marketers to adjust their spending strategies to target travelers shopping during the upcoming demand surge.
What happens to travel in a recession?. Economic uncertainty clouds analysts' travel outlook. Booking.com is well-positioned for a downturn, but because so much of Booking’s business comes from Europe, it could be hurt if that continent suffers an economic hit.
US hotel occupancy for Thanksgiving mirrors 2019 volumes. Amadeus data shows that as of November 3, 2022, U.S. occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019.
China continues to suspend cross-border group travel. Inbound and outbound group tours, as well as flight and hotel packages are still not allowed, according to the Ministry of Tourism.
Tripadvisor: Desire to travel shows no sign of abating. Inflationary pressures continue to impact consumer spending behavior. The company released its latest Seasonal Travel Index, providing a preview and outlook for travel demand and patterns for the months of December 2022 to February 2023.
Europe: Travelers favour short-haul trips. The European Travel Commission has revealed that Europe is expected to recover almost 75% of 2019 travel volumes by the end of this year.
Family travelers opt for travel advisor assistance. The annual report from the Family Travel Association focused on the effects that the pandemic had on family travel habits.
Groups back at US hotels but on shorter notice. Group business is increasingly booked last-minute. Some of those groups are booking within a week of their arrival date, and the short lead time has required hotel sales teams to adjust their strategies.
Amadeus Hospitality: Group business shows steady growth. Bookings are now starting to extend more confidently into 2023 with 48 million room nights already committed globally for H1 2023.
Travel brands must fine-tune marketing to overcome cost-of-living concerns. Customers more considered with their spending. Pinterest data indicates that, while travel still remains a priority for consumers, it is undergoing a more thorough decision-making process.
Expedia: Short booking window holding strong. Globally, the 0- to 21- day search window saw the largest growth, with a 10 perfect increase in search share quarter-over-quarter.
World's looking at India for travelers. Any market that previously had a significant number of Chinese travelers coming in is looking at India; and that is almost everyone.
Studies see possible muted fall, return of holiday travel. OTA web traffic decline indicates potential drop in travel demand beyond normal seasonal patterns. The summer of revenge travel, in which consumers spent their discretionary income on travel, has given way to a muted fall and winter travel outlook.
Competition high for European hotel deals. More investors lining up to spend capital. There’s a great deal of competition among investors in Europe looking to find the right hotel to invest in, with the resilience of the hospitality sector and the pricing strength of assets.
European recession risks thwarting global travel recovery. The industry’s bid to shake off the pandemic is also being challenged by China’s ongoing restrictive policies.
Just how hot is the travel market? The travel market looks very strong and the predictions override all the negative news flow about a recession, analysts predict.
Strong US Dollar increased demand for holiday vacations to Europe. The dollar gaining parity with the Euro and the pound boosts holiday budgets. According to new data, London remains the most popular city to visit this holiday season, with demand increasing by 20 percent since 2019, followed by Paris, which jumped 13 percent.
Higher share of Americans plan holiday hotel stays. AHLA introduces Hotel Booking Index rating to gauge hotel industry outlook. The share of holiday travelers who plan to stay in hotels is up this year, and hotels are the top lodging choice among those certain to travel for leisure in the next three months.
Radisson buy propels Choice's Q3 results. Changes in leisure and business travel behavior will enable it to maximize growth opportunities well into the future.
PwC forecasts 2023 UK hotel rate rises amid ‘economic headwinds’. Average hotel rates in London could reach up to £212.6 in 2023, an increase of 18% on 2021. The report warned against an “operationally challenging” year ahead as talent shortages will be exacerbated by double-digit inflation, rising energy costs and a looming recession.
Marriott joins Hilton in lifting profit forecast. Higher pricing and a strong rebound in leisure and business travel even as recession risks cloud consumer spending.
American Express Travel’s 2023 trending destinations. The list features the ten most popular destinations, identified by global American Express card member travel reservations.
Deloitte European Hotel Industry Survey 2022. Hospitality leaders anticipate rising inflation and labour shortage headwinds. Emerging from a difficult period, the hotel industry is now faced with a new set of challenges as high inflation persists and the labour market remains fiercely competitive.
U.S. hotel labor costs higher than pre-pandemic for first time. Continued high levels of hospitality unemployment and more spending on contract labor. Despite total labor costs up 5% year to date, GOPPAR was the strongest since June 2022, and profit margins came in higher than September 2019.
UK: Deloitte warns of holiday sector’s “last hurrah”. Travel could be worst-hit sector between now and end of year. UK's consumer confidence plunged to a record low in Q3 with consumers making cutbacks across all areas of leisure spending except holidays.
Europeans pull back on discretionary spending. McKinsey’s latest consumer survey shows an ongoing trend toward pessimism about economic recovery, coupled with widespread concern about inflation.
Hotel prices are soaring. A new study found that in some major U.S. cities the average room price skyrocketed more than 200 percent compared to the pre-pandemic year of 2019.
Peak fall travel season likely over for US hotels. All three key performance metrics dip in latest weekly data. Key metrics for U.S. hotel performance were down slightly in the latest weekly data from STR, and history suggests that the peak of the fall travel season has come and gone.
Europeans embrace intra-european travel. More Europeans anxious about rising travel costs amidst global economic crisis. Sentiment for intra-European travel is on the rise with 62% of respondents planning cross border trips within Europe this autumn and winter, according to the latest ETC Monitor.
From pent-up demand to new normal. Hybrid work has given travelers more flexibility, fueling demand during traditionally slow periods. The travel industry is experiencing “a countercyclical recovery,” as consumers shift their spending to experiences rather than material items.
Hilton: Tailwinds stronger than the headwinds. Pent-up demand for business travel, plus the continued strength of leisure, is exceeding the effects of high inflation and a slowing global economy.
Accor to combat inflation with pricing power. An average room rate increase of 5% will cover inflation's negative effects. Europe's biggest hotel group believes it will be able to overcome inflation through strong pricing power as guests are still showing they are willing travel at any cost.
IHG’s Q3 business travel revenue recovered. The hotel brand revealed that its third-quarter business travel revenue in the Americas region had climbed back to 2019’s pre-pandemic levels.
China’s population encouraged to work and play at home. The China of the 2020s may be considerably less open than the one we have known for some four decades from the 1980s to 2020.
US hoteliers anticipate a boom in group travel on the horizon. High demand gives hoteliers leverage in negotiating room blocks. Hoteliers across the U.S. are looking ahead to the next phase of group travel recovery with optimism, though some questions still remain around certain demand segments.
STR: U.S. hotel performance for September 2022. The U.S. hotel industry reported higher performance from the month prior and improved comparisons with 2019, according to September 2022 data from STR.
U.S. holiday travel slows. Concerns over finances and disruption keep some grounded. The 2022 Deloitte Holiday Travel Study reveals travel demand is slowing, with less than one-third of Americans planning to travel between Thanksgiving and mid-January, down from 42% in 2021.
New York, Mexico top thanksgiving travel hotspots. Major U.S. cities and warm-weather international destinations will see the highest number of American travelers this Thanksgiving.
Incentive travel budgets are tight. New research looks at how the incentive-travel industry is recovering, how program design is evolving, and what’s affecting destination choice.
Asia-Pacific’s travel industry could be first to recover by 2023. A new WTTC’s report expects continued gains to Asia-Pacific’s travel industry in 2023, followed by another year of positive growth in 2024.
US cities getting more revenue from tourism than business travel. Revenue per available room lags in commercial metro markets. The cities that lagged were the ones focused on convention attendance and business meetings - while those that bounced back faster were vacation oriented, a new report finds.
European hotel bookings approaching pre-Covid levels. Corporate hotel bookings in Europe have nearly recovered to pre-Covid levels while lead-in times have also normalized.
China’s holiday spending plunges. Holiday spending during China’s Golden Week has plunged to its lowest level in seven years, as broad Covid curbs discouraged people from traveling.
Boutique hotels leading US hotel industry in many metrics. Recovery remains strong, especially in upscale lifestyle hotels. Boutique hotels are performing well in 2022 and all classes show recovery in average rate and revenues, surpassing 2019 peak levels and leading the U.S. hotel industry.
U.S. consumers are making holiday travel plans earlier. Travel demand will go up by 9% during the holiday season and 78% of consumers are purchasing their airfare by October, according to an IBM study.
One in three Britons will cut holiday spending as living costs rise. Travel industry research suggests people will seek all-inclusive and cheaper packages due to fears over inflation and weak pound.
Eurovision: Mayor slams 'grossly inflated' hotel prices. Liverpool's metro mayor is preparing to intervene over the price-hike for accommodation during the Eurovision Song Contest.
Strong dollar has helped fuel U.S. travelers' interest in Europe. Europe much more enticing when the euro is more even with the dollar. American travelers are on a shopping spree in Europe this year, with the dollar reaching its strongest value against the euro in two decades amid a surge in travel to the Continent.
Europe’s hotel industry ripe for growth. Hoteliers adapt, no longer to survive but to thrive. Hotel operators are applying lessons learned during the COVID-19 pandemic to strategies to drive demand to their properties and gain market share for the brands.
Global hotel occupancy exceeds pre-pandemic levels. Group and business travel segments are showing steady recovery. For the summer of 2022, global hotel occupancy hit an average of nearly 70%, which is an increase of around 5% over the summer of 2019, according to the latest Amadeus data.
Asia Pacific set to lose title as the world's largest travel region. The destination will no longer be the world's largest travel region by the end of 2022, ceding the title to Europe.
Inflation to curb holiday travel plans. Travelers are shifting their holiday getaway plans. Forty-three percent of U.S. adults are planning to take trips between Thanksgiving and New Year’s; 79% of them are changing their holiday travel plans due to high inflation.
Europe: Online travel bookings higher in 2022 than pre-pandemic. France had the most substantial increase with a growth of 31% from 2019 levels.
Hotelbeds' top 5 trends spotted this summer. Average daily rate has increased by +17%, hitting rates of over €600 per night in some of Hotelbeds’ top luxury destinations.
Summer’s over, but the European travel season isn’t. Airlines look to boost revenue after more than two years of pandemic. Airline executives say demand for flights to Europe from the U.S. has remained resilient into the fall, well past the traditional peak for trips to the region.
Hotel brands look beyond short-term headwinds. The fundamentals of hotels continue to improve. The broad hotel industry faces a lot of headwinds right now, but when you cut through all the noise, what you see is an industry thriving.
Affluent Americans intend to travel more internationally. High-earning U.S. households anticipate taking 3.8 international vacations in next 12 months. Despite rising costs and changing world events, international travel is poised to increase among affluent Americans over the next year, according to new research by MMGY Travel Intelligence.
US hotel group demand expected to improve. U.S. hotel group demand is about 10% off prior peaks, but that gap should tighten in September and October.
U.S. economist expects inflation to cool and hotel industry to grow. Geopolitics, the Fed and COVID policies will decide economic future. The most likely scenarios for the economy - including falling gas prices, a stabilizing labor environment and the dollar losing some value - will culminate in a strong travel outlook for the next two years.
U.S. hoteliers acknowledge recession might be unavoidable. Is it a recession? Technically, yes, but I don't think it feels like it.. Many are still holding out hope that what is now a technical recession won't grow into the type of deep recession that will keep consumers and corporations from spending on travel.
STR: U.S. hotel occupancy dips in August. Continued improvement in business travel and groups. Average U.S. hotel industry occupancy in August 2022 dropped from the previous month, while average daily rate and revenue per available room displayed noteworthy year-over-year growth.
Holiday travelers booking earlier. According to a new AAA survey, more than half of respondents said they plan to finalize Thanksgiving travel plans before October.
When will the Chinese travel market return?. Signs that international travel should open up in the coming months. National tourist boards are restarting their Chinese social media campaigns and spending heavily to remind the most valuable market in the world that their destinations are open and welcoming to Chinese tourists.
US hotel profit margins hover close to 2019. Break-even percentage of occupancy decreased during the pandemic and continued falling as hoteliers understood how to reduce expenses.
More than half of Americans didn’t take a summer vacation this year. Even though summer didn't go as expected for some, more than half have fall or winter travel plans.
Europe’s key hotel markets surpassed 2019 profitability levels. Europe hotel occupancy stands at just 10% shy of pre-pandemic levels, according to the latest STR data.
Where do travelers’ loyalties lie?. Hotels see popularity dip despite remaining preferred choice. While there has been a clear lift in hotel demand, it is interesting to see how consumers have viewed hotels vs. alternative forms of accommodation over the last several months.
The state of the American traveler in September 2022. Travel attitudes and what’s hot right now. Despite an uber-crowded summer season and a continued seriousness about financial concerns posing challenges for the travel & hospitality industry, the outlook for Fall travel still looks comforting.
US remains world’s biggest travel & tourism market. Research by Oxford Economics for WTTC shows there has been no change in the top three countries - with China second and Germany third.
US: Urban hotel comeback powered by high rates. Miami leads the way among top 25 markets, while San Francisco lags. Hotels in the top 25 markets across the U.S. were the hardest hit by the pandemic-induced demand downturn but have come back with a vengeance, fueled by outsize rate growth.
Travel less appealing than before pandemic. Net propensity to travel remains negative for both domestic and international travel. Lingering COVID-19 concerns along with other factors, such as economic uncertainty and flight cancellations, are still impairing the overall appeal of travel currently.
Germans return to international travel. German holidaymakers are set to be back in full swing by 2024 surpassing 2019 volumes, according to GlobalData.
How data can help hotels navigate today's distorted reality. As we make our way through today’s distorted reality, it will become critical to turn to data patterns to better understand the way forward.
US hotel rates reach another record high as sector recovers. ADR in the US reaches $159.08 in July, 17.5% higher than in July 2019. But hotel occupancy in the US has still been hindered by the slow return of midweek business travel demand and remains below the levels of summer 2019.
Americans’ intent to travel has cooled. Travelers took “revenge trips” in early summer and are now pulling back on plans for the remainder of the year, a new report suggests.
More than half of guests book their European accommodations directly with hotels. Offline reservations still make up a quarter of total European hotel bookings. All in all, direct online bookings, booking through online travel platforms, and social media made up 64.6 percent of all European hotel bookings in 2022, according to new data from Statista.
Fall and festive travel bookings up 173% over 2019. The U.S., Italy, France, Mexico and Canada are among the top international destinations for fall bookings, according to Virtuoso.
Europe’s hotel construction pipeline is slowly improving. The countries leading Europe’s construction pipeline with the most project and room counts in Q2 are the UK, Germany, France and Portugal.
TravelBoom releases 2022 leisure travel trends study. The results reveal startling changes in the travel planning and booking behavior as impacted by rising costs, the overall economy, and technology.
China travel to boom when border opens. Chinese international travel is set to boom when the nation’s borders finally reopen, according to the CEO of Samsonite.
Despite inflation, travel demand remains high. While the busy summer travel season is coming to an end, Americans' appetite for vacations is not over. Tripadvisor's Fall Travel Index reveals nearly six out of ten Americans will travel this season - more than 40% will travel long-haul - despite ongoing inflation and rising fuel costs.
Hospitality industry statistics to have on your radar. Numbers to take your business to the next level. EHL Insights have compiled a few hospitality statistics and data you need to know in 2022 to drive innovation, delight customers and capture value.
Hospitality bullish as consumer spend shifts toward experiences. People are gravitating back to a pre-pandemic equilibrium. Not only did revenues at a host of experience-related companies soar in Q2, but also many of them are optimistic that consumers will continue to spend on travel and hospitality in Q3 and throughout the rest of the year.
US hotel pricing power expected to last. Given the overall strong recovery in demand, industry experts are confident in hoteliers' ability to keep driving rates into 2023.
What a formal China outbound tourism survey won’t tell you. Travel overseas is always a privilege to Mainland Chinese and outbound travel can never be replaced by domestic travel.
European hotel profit tops 2019 levels. Gross operating profit per available room was €95.28 in June 2022, slightly higher than the same month in 2019, according to the latest data from HotStats.
U.S. hotels spin travel demand into gold as airlines struggle. Hotels have been able to turn demand into increased profitability far more effectively than airlines. Staff shortages, airport chaos and higher fuel costs have caused earnings at U.S. airlines to land below analysts' expectations while hotel chains are reporting double-digit profit growth.
The vacation, planning habits of luxury travelers. Luxury traveler significantly younger and more likely to have children in the household. Luxury travelers took significantly more vacations that used the services of a travel advisor than did other travelers, and significantly more plan to use a travel advisor for their next vacation.
U.S. hotel profitability reached 32-month high in June. Summer travel demand has helped the Top 25 Markets leading the way in GOPPAR recovery.
Marriott declares 'outstanding' Q2 results. The company had seen demand continue to increase across all customer segments, as global RevPAR exceeded 2019 levels in June.
Cheaper travel is finally making a comeback. Even as bigger price drops await in the fall, superheated summer prices are already starting to cool.
Google sees uptick in travel search activity. Searches for places to visit in the summer were up in Q2 two times globally year-over-year and searches for last-minute hotel deals were up 50%.
Southeast Asian travelers are back. Latest Google Trends data point to a resurgence in travel demand across the region with new preferences and expectations.
International travel recovering to and from U.S.. Spending by overseas travelers still lags. New research from the World Travel & Tourism Council also shows U.S. outbound flight bookings to international destinations have reached near pre-pandemic levels.
Occupancy, rates, revenue and demand all on the rise. As US hotel operators continue to benefit from the current demand situation, the next couple of quarters could be decidedly more difficult to manage.
Accor reports Q2 rebound to pre-pandemic levels. The hotel giant reported a ‘very strong’ rebound, with RevPAR exceeding 2019 levels in several markets, including key destinations across Europe.
AHLA: Hotels' recovery continues. Business and leisure travel continue to blur. Midway through 2022, the US hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year.
Northern Europe leads global recovery in hotel occupancy. Northern Europe has seen the highest hotel occupancy levels of any global region, with the UK and Ireland leading the way.
UK travel search landscape across holidays and flights. Tui remains on top as competition for share of voice heats up and search volume for flights and holidays at its highest since 2019.
US hotels achieve highest monthly rates ever in June. Reflecting continued improvement in business travel and groups, STR's Top 25 Markets showed higher occupancy and ADR than all other markets.
US hotels reach 65% of pre-pandemic profitability levels. Miami leads U.S. hotel markets in terms of total revenue per available room and gross operating profit per available room.
London hotels post record-breaking room rates. The absolute June 2022 ADR and RevPAR levels were the highest for any month in STR’s London database.
European hotel bookings exceed pre-pandemic levels. Bookings in June reached 108 per cent of 2019 volumes. European corporate hotel bookings surpassed pre-pandemic levels in June as the recovery has accelerated in the past two months.
Asians are ready to explore the world. India emerged most confident with 86% of India travelers stating they intend to travel in the next 12 months; followed closely by Vietnam and China.
U.S. travel demand holds strong despite inflation. $50 - $100 ticket price increases aren’t stopping travelers from booking, but $200 - $300-plus increases are. Twenty-seven percent more people are traveling this summer compared to 2021. Of those traveling, 63 percent are booking international flights, according to OAG’s latest survey.
Strong outlook for European tourism. Short- and medium-haul travel to continue driving European tourism recovery, while arrivals from long-haul markets still lag significantly behind.
APAC: Full tourism recovery remains distant prospect. China's decision to remain shut clouds overall picture, as it accounts for more than 40% of all tourists in the region historically.
Tourism Economics projects US likely avoids recession. Full-blown recession unlikely, and if there is one, it will be mild and short. Tourism Economics' modeling still indicates that the American economy will manage to avoid a recession in the near term, putting the odds of a recession at roughly one-third.
European hotels the likely winner. Hotels in Europe last week performed 11% better than the same time in 2019, according to the latest STR data.
People will find a way to travel. Expedia is not seeing any signs of a hit on bookings due to the cost of living crisis and is anticipating a “hot summer” for travel.
International travel boosts hotel demand in US gateway cities. Hotels in large, gateway markets approaching record summer performance. New York City, San Francisco and Miami are among the U.S. cities experiencing the steepest increases in hotel room demand, as international travelers begin to return to the U.S..
US hotel performance keeps pace with traditional seasonal peaks. The U.S. hotel industry is heading to its annual occupancy apex, which normally occurs in mid-July.
U.S. travel forecast: Headwinds on the horizon. Pent-up demand and consumer savings will drive recovery in 2022 but taper off in the coming years. Domestic leisure travel will continue to drive the overall U.S. travel industry’s recovery in the near term, though spending is projected to remain $46 billion below where it should have been in 2022 had the pandemic not occurred.
STR: U.S. hotel performance for May 2022. The country’s occupancy and RevPAR levels decreased slightly from April, while ADR remained relatively flat.
Leisure's longevity drives hotel industry outlook in 2022. Leisure travel demand continues to drive U.S. hotel performance and it isn’t expected to drop off anytime soon.
US hoteliers prepare for fall demand shifts. Leisure transient can't be at these levels forever. As hoteliers enjoy the latest wave of exceptionally strong leisure demand this summer travel season, the question hotel companies are left to answer is: How long can this last?
NYC hotels bounce back sooner than expected. The city’s pandemic-ravaged hotel scene is going to be just fine - and a lot sooner, according to an eye-opening study by CBRE.
Pace, mix of summer bookings encourage US hoteliers. The summer season is driven by leisure travelers, but one of the most encouraging signs is the return of group business.
Europe: Hotels see more direct bookings, but OTA reliance remains. Booking.com by far the most influential player, with a share of 71.2% in the OTA market. Despite an increase in direct bookings, hotels' reliance on OTAs remained almost at the same level as before the pandemic, according to a study released by HOTREC.
Economic concerns overshadow travel surge. Travel boom could begin to cool, albeit from high levels. Demand after the summer travel surge, when business travel usually picks up, will be key for the industry, as recession worries could scale back on plans for business travel.
Leisure travel may be uniquely positioned to weather a recession. Reservations already on the books may shield us for months. It's plausible that momentum from the current travel boom could stretch for months into an economic downturn, though forward bookings would likely slow.
Amadeus: Hotel rates outpacing 2019 on a global basis. Close-in bookings to give hoteliers confidence to keep room rates steady. According to Amadeus' Demand360 data, global hotel occupancy and average daily rates are outpacing pre-pandemic levels, although booking windows remain short.
Duetto: Demand and booking pace up, review scores down. Hotel guest review scores are sequentially declining due to numerous operating headwinds.
Rates drive US hotel recovery but lag inflation in most cases. Hoteliers, analysts confident that industry could withstand mild recession. STR expects revenue per available room on a nominal basis will surpass 2019 levels in 2022, but RevPAR and ADR adjusted for inflation won’t return to 2019 levels until 2024 or later.
Consumer travel is up but spending is down. New data shows that U.S. consumers are back on the go; however, spending at these types of locations is nearly unanimously down compared to a year ago.
UK: Domestic trips here to stay as costs rise. Four out of five people polled are confident they will take a holiday this summer, with domestic trips favored by more than half.
Expedia doesn’t see high prices stopping summer travel. People want to rebound and overspend into travel. According to Expedia, travelers don’t seem to be dissuaded by high inflation, soaring energy costs, labor shortages or the spread of variants in some areas.
US: STR upgrades forecast to full RevPAR recovery in 2022. The outlook for hotel performance remains positive. Even as the economy faces headwinds, lodging demand and room rates are being buoyed by strong household finances and the return of business travel.
US hoteliers aren't concerned about inflation. Pleasantly surprised by the returning volumes of business transient and group travel demand. Hoteliers are determined to keep industry performance on a steady track, despite obstacles in the form of inflation and a possible economic recession.
Europe and Americas lead the recovery. Europe welcomed almost four times as many international arrivals in Q1 as in 2021, driven primarily by strong intra-regional demand.
Travelers want the industry to change. 44% of public want new rules and technology to ease travel. New research from YouGov polled travelers from 11 countries around the world and revealed that travelers want to see positive changes to the travel industry following the pandemic.
Where young Aussies are traveling this year. While baby boomers are more likely to travel domestically 'post-pandemic', younger Australians are more willing to take risks and jet off overseas.
Did the pandemic make us live like we’re dying? Trivago study finds 83% believe summer of 2022 will be our best yet for travel and adventure.
Europe’s luxury hotels bounce back from the bottom. Luxury hotels across Europe have made an about-face and are back to producing profit at the almost same rate as 2019.
US urban hotel markets rebound. Hotels in New York City, San Francisco and other major cities report significant gains. The signs of summer are here for the U.S. hotel industry, and some of the nation’s top urban markets are showing consistent evidence of recovery.
Spanish hotel rates surge 36%. Hoteliers have been able to adjust their rates thanks to a significant increase in foreign tourism, mostly from Britain and Germany.
Greeks can’t afford vacations in their own country. Taking a domestic holiday in Greece costs some 30 percent more than it did in 2019.
OTA Insight: Hotel pricing and promotional strategies in Europe. As Europe prepares itself for a summer of travel, hotels have the perfect opportunity to see positive results.
Travel: COVID-19 and inflation concerns linger. Current economic uncertainty likely to affect consumers' spending on travel. Marketers would be well advised to take a calculated approach to ad spending within the travel category in the current environment, as rising prices could depress demand.
More Americans are planning a European vacation this summer. European cities made up five of the top 20 destinations people are searching this year on Google. Several major cruise lines, travel agents and even Google all seem to agree that Europe is in high demand this booking season.
U.S. travelers more concerned about cost than Covid. Record-high gas prices and soaring airfare costs have overtaken pandemic-related concerns for consumers as the summer travel season approaches.
Expedia's key trends for Asia Pacific travelers. Travel is returning slowly and steadily, now that the public perception of the pandemic has shifted and travelers are eager to travel again.
2022 Deloitte summer travel survey. 46% of Americans are planning a trip involving stays in hotels or other types of paid lodging. Unhindered by continued news about variants or by rising airfares and hotel rates, travel intent has reached a level that would have been high before the pandemic.
WEF: How the travel and tourism industry is recovering. Some key findings from the World Economic Forum's inaugural Travel and Tourism Development Index.
US: Strength in ADR expected to drive 2022 RevPAR above 2019 levels. Average daily room rates surpassed comparable 2019 levels in the last three quarters. PwC's revised outlook for 2022 expects US hotels to surpass 2019 RevPAR levels, driven by strong growth in room rates stemming from focused revenue management strategies of operators.
Germany’s tourism sector poised to surpass pre-pandemic levels next year. The country's travel and tourism sector could surpass pre-pandemic levels next year by 2.5% above 2019 levels.
Chinese tourists 2.0 – coming anytime soon?. Tourism in Southeast Asia will not see a full recovery until Chinese travelers come back. Truth be told, it is not just Southeast Asian tourism but the world in general, given the fact that it is the largest tourism source market since 2012.
Global leisure and business flights surpass 2019 levels. New data shows a major recovery is underway. Whether travel demand will remain robust throughout the year - or whether travelers will take a last summer hurrah before tightening their purse strings - is yet to be seen.
STR: U.S. hotel performance for April 2022. The country’s ADR level was the highest for any month on record, and occupancy and RevPAR levels were the highest since July 2021.
Koddi: Memorial Day 2022 travel outlook. While demand for outdoor destinations has remained strong in 2022, new data suggests significant growth returning to urban markets, as well.
When will the world see Chinese tourists again? The pandemic has brought the country’s outbound travels to a standstill, with only 26 million overseas trips made by Chinese citizens in 2021.
Europe's hotels trend toward full recovery, driven by leisure demand. UK top-performing country in the region. Much like in the U.S., the rebound of travel in Europe is being led by leisure-driven markets and destinations that have been more eager to relax pandemic-era restrictions.
European hotel prices exceed pre-pandemic levels. The European hotel sector is set to become the “poster child” of recovery for the next six months, according to STR.
Travel industry expected to make full recovery by 2025. International departures will reach 68% of the pre-pandemic levels globally in 2022 and are expected to improve to 82% in 2023 and 97% in 2024.
China to 'strictly limit' outbound travel. On Thursday, the Chinese government said it intends to "strictly limit" unnecessary outbound travel.
Airbnb sees 30% more nights booked for summer travel compared to pre-pandemic. Nights booked for summer travel to unique homes have grown 80% in first three months of the year.
Tripadvisor Seasonal Travel Index. The growing concern of inflation across the globe appears to be changing consumer spending habits on certain discretionary purchases.
Travel rebound: Could market, economy play spoiler?. Will summer 2022 be as strong as travel CEOs are envisioning it. As economic pundits raise fears about a recession, hospitality CEOs are pushing back, pointing to bookings that illustrate a positive picture of the American consumer.
Paris hotels reached 2019 profitability level in March. Among key hotel markets in Europe, Paris was the only one to achieve GOPPAR that was 100% of the 2019 comparable.
Is the leisure travel boom running out of gas?. What happens when summer is over and pent-up demand potentially starts to fizzle out?. Travelers may currently be planning trips at a rapid clip, but once they've crossed a big vacation or two off their bucket lists, bookings could quickly return to a more measured pace.
Google searches show a growing interest in Europe travel. U.S. searches for passport appointments have skyrocketed, and international cities are among the most searched flight destinations.
UK and Ireland lead Europe hotel occupancy recovery. Both destinations have achieved occupancy indexes of at least 80 per cent of pre-pandemic levels.
CBRE: U.S. Hotels State of the Union April 2022 Edition. Brand.com and OTAs have taken share from group and GDS booking channels as leisure demand has driven the recovery.
Higher rates drive US hotel room revenues above 2019 levels. But not high enough to negate the effects of inflation. Higher rates continue to make up for lower occupancies across the U.S. hotel industry, pushing weekly room revenue higher than it was in 2019.
Triptease: Are we entering the ‘diamond age’ of travel? It seems the pandemic will have a lasting psychological effect on the consumer attitude toward travel.
People are Googling like there's a summer travel boom coming. The beaches could be packed with oiled-up bodies sipping White Claw this summer if Alphabet's latest earnings call was any indication.
Wyndham expects upcoming Summer to be the 'best ever'. Wyndham Hotels & Resorts is optimistic that 2022 could be the company's best year since it was founded in 1981.
Asia’s travelers are back and with new preferences and expectations. Growing demand for luxury and wellness-focused travel shows that people are searching for premium travel options.
U.S. hotel rates surge to record high. U.S. continues to outperform the rest of the world in terms of revenue per available room. The average U.S. hotel daily room rate last month was $146.61 - the highest average daily room rate of any month on record, according to hospitality data firm STR.
How the Ukraine conflict impacts travel? The war in Ukraine is now twice as likely to impact Americans' plans to visit Europe than Covid-19.
The world’s engines are spluttering: IMF points to deeper problems beyond 2022. Organization suggests there is a broader crisis as it revises down its forecasts for economic growth.
U.S. March ADR 10% higher than pre-pandemic. A question throughout the hotel industry is just how much pricing power hoteliers can exercise this summer, according to STR.
OTA Insight: Positive signs emerge for Europe’s hotel industry - Part 2. There are clear indications that demand is on the rise for some of Europe’s major cities.
Americans' travel to Europe expected to increase sixfold this summer. Top destination London remains unchanged from last year, capturing 22% of all Europe bookings. European destinations have made a significant effort to welcome Americans back, and our data shows tremendous pent-up demand for travel to the continent.
Importance of affordability. At a time of increasing utility, fuel and food costs, demonstrating better value for money may be the new battlefield for hotel brands in winning over customers.
Largest U.S. hotel markets showed considerable RevPAR gains. Late March into early April 2022 marked a key turnaround toward historical performance levels. Reflective of the industry’s rebound toward normalcy, more than two-thirds of STR-defined U.S. hotel markets outperformed their 2019 comparables over the four weeks ending April 9, 2022.
Experts predicting a summer of travel chaos. Facing unprecedented demand, the much-reduced industry is struggling to cope. Countries on both sides of the Atlantic are seeing a slew of canceled flights due to lack of crew, long lines at airports thanks to understaffing, and the kind of rates for rental cars that make buying a vehicle look cheap.
Three quarters of Europeans plan to travel this spring and summer. Spain is the most favoured destination, followed by Italy, France, Greece and Portugal.
OTA Insight: Positive signs emerge for Europe’s hotel industry. As restrictions ease, and more holiday-makers start dreaming of their next journey, market intelligence data is delivering promising insights.
Amadeus Hospitality data shows a significant rise in group travel bookings. With nearly 8 months to go in the year, there’s significant opportunity to close the gap to pre-pandemic levels.
U.S. travel costs are soaring as demand reaches some of its highest points since the global pandemic began, a trend that shows little sign of stopping as summertime travel heats up.
Geolocation data to manage tourism growth. With the pandemic having heightened concerns about overtourism, some destinations are turning to geolocation data to find creative solutions.
China holiday travel slumps after COVID outbreaks. The number of journeys taken over China's three-day Tomb Sweeping Festival holiday tumbled by nearly two-thirds from last year.
Plenty of signs of optimism for the future of tourism. Omicron hangover is there, but the future is bright. STR's latest survey, conducted in February 2022, canvassed opinion from a global audience to gauge sentiment and the outlook on travel.
US hotels experience spring break slowdown. With fewer students and families on spring break vacations, demand for hotel rooms in the U.S. dipped in the latest weekly performance results.
Spain’s tourism numbers approaching 80% of pre-pandemic levels. Bookings for the long Easter weekend have already reached 90% of 2019 levels.
Uncertainty escalates for Europe’s travel season. Main challenge for hotels will be rising costs and adapting to supply chain problems. Many of the European countries that are heavily dependent on tourism had hoped to start the travel season early to make up for lost revenue from the pandemic. That’s now looking unlikely.
‘Life is short’ mantra drives U.S. hotel prices to record highs. If a market has a leisure appeal, hotels in that market are doing well. Vacationers, flush with cash and eager to hit the road after two years of pandemic living, are paying up at resorts, roadside hotels and even urban properties – at least in cities with tourism appeal.
What could impede US hotel recovery? Potential speed bumps could include another uptick in COVID-19 cases, the war in Ukraine, labor constraints and runaway inflation.
Europe hotel occupancy remains stable amid war in Ukraine. Europe’s hotel occupancy hasn’t dipped below 53% on a running 7-day basis since late February, according to STR data. Hotel performance has remained stable in most of Europe amid the war in Ukraine, and countries bordering the conflict area have seen a refugee-driven lift in occupancy.
China’s tourism recovery slows. The sector's recovery has slowed since mid-2021 and will remain volatile in 2022 as a result of travel restrictions amid a resurgence of Covid-19 cases.
Google on what’s driving travel this spring. Travelers show a willingness to try new brands. With 50% planning trips for spring break and 41% for Memorial Day Weekend, these major travel moments are fast approaching, and brand-agnostic travelers are waiting to hear from marketers.
What does the American traveler want?. An increasing number of American travelers perceive international travel as safe. MMGY released its updated quarterly "Portrait of the American Traveler," and the insights it provides are at once hopeful, surprising and, in some cases, concerning.
Travel's back, baby. People want to travel more than anything, Travelport survey finds. But as travel returns, the way it’s sold is also back under the microscope. Because after two years of doing almost everything online, consumers expect better.
Latin America, Caribbean beat expectations for travel recovery. Nominally the best-performing region in the world and a region that is performing much better than last year.
STR: U.S. hotel performance for February 2022. The U.S. hotel industry reported higher performance than the month prior, along with better indexed comparisons with 2019.
Spring break, Easter trends predictive of US travel demand. Spring break will peak highest in 2022 on Easter Weekend (April 16-17). As the hospitality industry continues to recover, and the business sector still trailing behind, predicting transient travel demand patterns becomes more critical than ever.
Tech lags in return to business travel. More workers stay home. As the pandemic starts to wane and planes fill up again, airlines are finding that Silicon Valley’s workers aren’t coming back so quickly.
CBRE U.S. Lodging Forecast sees rate recovery in '22. Higher room rates will lead to a quicker return to 2019’s nominal ADR levels. Updated forecast now projects that occupancy, revenue per available room and average daily rate all could match or exceed 2019 levels as early as this year.
ITB Berlin survey finds strong interest in international travel this year. Source markets with a high potential for outbound travel are Germany, the UK, the USA, France and the Netherlands. In Europe, outbound travel intentions have remained stable, at almost 90 per cent of pre-pandemic levels, while in America they have reached now almost 75 per cent, and in Asia 66 per cent.
European tourism officials concerned about potential disruption to travel. Should travelers rethink Europe plans because of the war in Ukraine?. According to a recent survey conducted by MMGY Travel Intelligence, the war in Ukraine is now twice as likely to impact Americans' travel plans to Europe as the coronavirus pandemic.
Despite being half-empty, Europe’s hotels are charging more. Reduction in the number of trips has been replaced with longer trips, according to Tripbam data.
Cancelations wane as recovery continues. As the industry looks towards the future, it seems that business transient and group bookings are leading the way.
STR: US market recovery monitor. Central business districts within the top 25 markets saw a sharp increase in weekday occupancy, rising to 52.1%, a 12-week high.
Pent-up demand suggests strong year for hospitality industry. Hotels will flourish in the coming year, as people seek social connection. However, the industry is going to have to prepare, at least on the supply side, to be more resilient than it perhaps did from 2010 to 2020.
US visitors wary of Ukraine threaten European travel recovery. Bookings slide as Russian invasion adds to uncertainty for airlines and hotels. Airlines and hoteliers have warned that the conflict in Ukraine is causing high-spending US travelers to hold off visiting Europe, slowing the industry’s long recovery from the pandemic.
Tripadvisor's Spring Travel Index shows Americans are spending big. Interest in travel internationally is bouncing back. Over half of Americans are planning on traveling this spring, with over a third planning on taking two or more trips - and travelers are also planning to splash more cash.
ITB: In 2022 the tourism industry will probably achieve 80 per cent of pre-pandemic turnover. Full recovery will not be achieved until 2024. A recovery is on the horizon: 46 per cent growth is possible in 2022 – domestic tourism remains more popular than traveling abroad; Artificial Intelligence, smart homes and workations as potential sales drivers?
Booking.com: First week March room nights down 10% compared to 2019. Softening was driven by Eastern Europe, and to a lesser extent by Western Europe, which remains modestly above 2019 levels.
U.S. travel industry stocks fall. Investors worry about surging oil prices and concerns about how Russia's ongoing invasion of Ukraine could impact European travel plans.
Spring forward: US hoteliers hope for another demand boom. Forward bookings giving hoteliers indication of what’s to come for spring and summer. Hoteliers believe that demand for leisure travel is setting the stage for another strong spring and summer, but visibility remains short, and questions remain about group and business travel.
HotStats: Hotels seek out the ordinary in 2022. Calmer waters may soon prevail, but data points to a recovery that is anything but gangbuster.
War in Ukraine troubles many U.S. travelers with Europe plans. 47% want to wait to plan Europe travel to see how the situation in Ukraine evolves. MMGY said it surveyed "hundreds of U.S. travelers" with plans to visit Europe, and of those surveyed, 62% said concerns of the war spreading to nearby countries was a factor impacting their plans.
Asia-Pacific travel faces bumpy recovery. With North Asian countries still largely restricting entry and Southeast Asian countries reopening cautiously, the region's tourism recovery will not be quick.
STR: U.S. hotel performance continues uptick. U.S. hotel performance during the week of Feb. 20-26 increased from the previous week and showed significant improvement against 2019 comparables.
Europe travel will grow post-Covid despite Ukraine war. Expected surge in travel this summer is still likely. The vast majority of European air traffic is driven by Western Europe, which should remain relatively unaffected unless Russia conducts a further offensive into NATO territory.
STR: January 2022 occupancy 12.6% lower than 2019. The U.S. hotel industry reported lower performance to open the year, according to January 2022 data from STR
IHG celebrates return to profitability. The hotel group made further inroads to recovery in 2021, with the performance of its U.S. hotels boosting its total global portfolio.
A travel boom is coming. But the travel industry may be ill-prepared thanks to a mass labor shortage. But it's not just wanderlusting Americans fueling the travel boom. So, too, are business travelers, the majority of whom believe there will be a business travel boom within their industry by the end of the year.
Outlook for China tourism in 2022. Consumer confidence is growing but desire for travel shows a pattern of spikes and dips. McKinsey conducted five rounds of surveys to understand Chinese travelers’ sentiments - the latest results indicate an emerging pattern of periods of suppressed travel demand followed by a quick recovery.
As omicron wanes, Americans eagerly book vacations. As summer gets booked fast, focus shifts to 2023 for many accommodation providers. Travel agents, hotel operators and restaurateurs say they've seen dramatic spikes in demand in the past week, following a drop of more than 40 percent in daily U.S. coronavirus cases.
Marriott, Hilton, others see global travel rebounding in 2022. Hotel and other travel-related companies delivered rosy outlooks in this week's quarterly results.
Expedia: Global search windows lengthen. The company's Q4 2021 Travel Recovery Trend Report shows growing appetite for travel and sustained demand for long-haul destinations.
London hotels see signs of demand increase. Of all the major global cities and transportation hubs, London was among the hardest hit by the COVID-19 pandemic.
Expedia reports sustained demand for long-haul destinations. Overall travel searches rose by more than 70% year-on-year, latest data from the online travel firm revealed.
Airbnb issues upbeat travel projection following record year. Travelers returning to cities almost reached pre-pandemic levels. Company sees evidence of strong pent-up demand: as of the end of January 2022, it had over 25% more nights booked for the summer travel season than at the same time in 2019.
Cloudbeds’ 2022 Travel Trends Report. Nine booking, travel, and macro trends set to shape the future of hospitality as we learn from the impacts of the Covid-19 pandemic.
U.S. travel recovery projected to exceed pre-pandemic levels in 2022. Easter and summer travel bookings will bolster economic recovery. The recovery of the US travel and tourism industry is projected to exceed pre-pandemic levels this year, according to the World Travel and Tourism Council (WTTC).
STR: U.S. hotel profits reached 52% of pre-pandemic level in 2021. Strong holiday demand helped overall profitability levels, with December showing 2021’s highest recovery index.
US hotel occupancy begins to trend upward. Weekend demand makes the difference as business travel still lags. The U.S. hotel industry neared 50% occupancy in the latest weekly results as leisure travel began to reemerge from a post-holiday hibernation.
US: Leisure momentum to carry over to spring. Rising COVID-19 cases have a negative impact on business travel. Though business for the industry overall has slowed down seasonally, several leisure-focused markets continue to reach or surpass 2019 levels for occupancy and rates.
Travel restrictions in the EU had little or no impact on the spread of Omicron. Independent research provides insight into developing an Europe-wide policy for removing restrictions.
Accor: 80% of Brits plan to travel this year. The company’s Northern Europe Travel Trends Report also revealed respondents plan to spend 39% more on travel this year compared with 2019.
HotStats: Hotels end 2021 closer to 'normal'. ADR to close out the year was at its highest level since October 2018. An indication that hoteliers stuck with rate throughout the year, having learned a valuable lesson from downturns of yore: discounting is not a smart revenue-management practice.
Americans are in a “ready to travel” mindset. Travelers appear to have largely shrugged off hesitation fueled by the Covid-19 virus. Americans’ enthusiasm for travel has rebounded to levels unseen since the broad rollout of Covid-19 vaccines last year, as their wanderlust eclipses hesitation fueled by the omicron and delta virus variants.
UK: Is this the summer that travel gets back to normal? Covid rules are still putting some Brits off, and many continue to book last minute.
US hotel occupancy stabilizing. Only 18% of hotels reported occupancy below 30% in latest weekly results. Three weeks ago, nearly a quarter of all U.S. hotels were reporting occupancy under 30%. For the week ending Jan. 22, that percentage was 18% as compared to 32% a year ago.
U.S. hotel industry recovery expected to accelerate. Larger US markets continue to struggle as business travel demand lags. STR’s latest forecast calls for nominal average daily rate to fully recover by the end of the year and nominal revenue per available room to recover to 2019 levels next year.
STR: Middle East hotel RevPAR recovery highest among global regions. The Middle East has been a leader in both opening to international arrivals as well as hosting large events.
UNWTO World Tourism Barometer expects travel to rebound in 2022. Majority of experts expect a rebound during the third quarter. International tourism experienced a 4% increase in 2021 compared to 2020, with international arrivals still 72% below the pre-pandemic year of 2019.
US hotel recovery chugs along, inflation and labor ongoing concerns. Strong recovery with some bumps in the road. As rate and revenue growth remain promising, there is widespread concern over inflation, a persistent labor shortage and the next Covid-19 variant or development.
SiteMinder: United States Travel Outlook 2022. In this report you’ll find more than 100 researched stats and tips that you can use to ensure your hotel is successful moving forward.
STR: Leaders and laggards for the slow holiday season. Miami’s and Oahu’s far above normal average daily rates drove RevPAR to new heights.
STR, TE upgrade latest U.S. hotel forecast. Leisure travel demand gathering strength with substantial recovery in sight for many markets. Even with 2021 projections higher, full recovery of demand remains on the same timeline for 2023, while close-to-complete recovery of RevPAR is still projected for 2024.
US hotel recovery continues with higher rates but meandering occupancy. STR comparisons to 2019 show importance of pricing power. Pricing power in leisure travel destinations and airport markets continue to keep the U.S. hotel industry recovery on track despite hotels being less than half occupied on average.
US travel agency sales increased in 2021. New data from ARC show a promising outlook for both airlines and travel agencies, as well as the wider travel industry.
STR: U.S. hotel RevPAR recovered 83% in 2021. Occupancy failed to reach 60% for just the second time since 2011. With improved performance as 2021 progressed, the U.S. hotel industry reported total-year RevPAR that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.
Travelers willing to pay more. According to Expedia Group’s 2022 Travel Value Index more than half of respondents say they plan to spend more on trips than they did prior to the pandemic.
Tripadvisor: What’s hot for 2022? Dubai has shoved perennial icons like London, Paris and Rome aside to take the crown of the most popular destination in the world for 2022.
Europe: Travelers spending more, upgrading accommodations. Eurobound reports an increase in average itinerary prices driven largely by traveler demand for more exclusive accommodations.
Americans 'going all out' on travel this year to make up for lost time. While travel may be a bit ”bumpy” right now, Americans are looking ahead in what many project will be a solid year.
New habits of Chinese travelers worth noting. Shift away from traditional, large, coach-trip style group tourism and toward FITs and smaller private and/or customized group travel.
The top travel destinations Americans are searching for. Domestically is where the primary action is because there's still a lot of hesitation about traveling internationally.
STR: Continuing weakness in business travel demand. Occupancy of 45% among lowest on record for traditionally slow week. U.S. hotel performance declined in the first week of January to a level that suggests continuing weakness in business travel demand because of concerns over the COVID-19 omicron variant.
UK tourism industry becoming less competitive as an international destination. Crippling border restrictions continue to stifle recovery. Tourists from China and Middle Eastern countries were keen to shop in the UK, but are now more likely to choose France because they could get a tax refund when they left.
Chinese consumers make travel plans for 2022. Japan takes pole position, followed by Thailand, Australia and France. A new survey conducted in December 2021 found that 78% are considering outbound travel in the new year, with 55% having a destination in mind and will go ahead once outbound travel is made possible.
Travel is ‘roaring back’. But the industry might not be ready for a boom. Travel bookings and inquiries are surging, say travel insiders, in an upward trajectory that, if realized, may both benefit and challenge travelers in the coming year.
Travel in 2022 - a look ahead. Travel plans for 2022 surpass pre-pandemic levels, according to a new Tripadvisor research. New report shows high travel intent for 2022 and a willingness to spend more on travel, while encouraging businesses to maintain safety protocols to win over travelers.
Florida, Italy top U.S. travelers’ list of destinations for 2022. TravelAwaits surveyed 1,615 people aged 50 and up about their 2022 travel plans.
Omicron is hurting hotels most in Europe. U.S. and Chinese hotel performance surged in recent weeks while European properties saw a dive in demand.
U.S. hotels end 2021 with strong final week. U.S. hotel average daily rate reached an all-time weekly high during the final week of 2021, according to STR‘s latest data.
UK: Abta reveals most popular destinations for 2022. Spain is the number one destination on people’s travel wish list, followed by the US, topping the list of long-haul destinations.
UK: Travel confidence increases. Kuoni predicts travel will be 90% back to 2019 levels before the end of the spring following the easing of travel restrictions.
Britain races to book holidays after Covid testing relaxed. Travel industry relieved as interest in trips abroad surges. Travel firms and airlines have reported surging bookings following the relaxation of Covid testing requirements for travelers returning to the UK.
STR: Change in travel accommodation preferences continues. Travelers continue to prefer short-term rentals and smaller size hotels due to lingering concerns about the virus.
European inbound and outbound travel trends. Europe travel demand fragmented but largely moving forward, according to the European Travel Commission. Approximately two thirds of Europeans surveyed in the ETC study planned to travel domestically or internationally in the fourth quarter of 2021 or the first quarter of 2022.
STR: U.S. Hotel occupancy reaches all-time Christmas high. Christmas Day occupancy (47.2%) was just above the previous high from 2015.
2022 hotel forecasts optimistic for now. Forecasters remain unsure when business transient travel will pick up meaningfully in 2022. Hotel industry prognosticators aren’t pessimistic thanks to the resilience travelers have shown and the power of pent-up demand for travel by people willing to pay higher rates.
STR: Leisure travel fully back to pre-pandemic levels. U.S. business and group demand is only 60% to 80% back, accounting for about a 20% drop in occupancy on average in 2021.