U.S. Air Ticket Sales Trends
March U.S. Travel Agencies Air Ticket Sales Top $9 Billion
First Quarter Total Sales and Passengers Trips Increased Year Over Year
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Hotel Trends Page 2
Market Report UAE
Travel & Tourism in the UAE Reaches New Heights, According to WTTC
Last year, the sector grew by more than a quarter (26%) to contribute a record-breaking AED 220BN to the UAE’s GDP representing 11.7% of the entire economy. This exceeded the previous record set in 2019 by almost 15% and underscores the sector’s pivotal role in the nation’s economic framework.
Market Report U.S.
U.S. Hotel Performance for Week Ending April 13th
Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar's latest data through 13 April.
Market Report Las Vegas
HVS Las Vegas Casino and Hotel Market Outlook 2024 - By Shannon S. Okada
Las Vegas continues to evolve, with billions of dollars being spent on the development of new world-class venues in recent years. This article examines the latest trends and developments that are relevant to the Las Vegas casino and hotel markets.
Meeting Trends
European 2024 Meetings & Events Trends
Slightly more conservative across the board, yet positive in outlook, European meeting professionals expect a moderate increase in activity level compared to North and Latin American regions. However, high levels of optimism regarding the overall health of the industry are firmly in place. 79% said they would rank their confidence level as 8 or higher on a scale of 1 to 10.
HSMAI Commercial Strategy
HSMAI Report: Taking Commercial Strategy To The Next Level
This report and accompanying Commercial Effectiveness Organizational Assessment was created by the HSMAI Commercial Strategy Workgroup. HSMAI’s Commercial Effectiveness Organizational Assessment allows a hotel organization (individual hotel, management company, ownership group, or brand) to assess and score their implementation of the 11 key drivers of commercial excellence.
Outbound Chinese Travelers
ForwardKeys Reports Outbound Chinese Travel Accelerating Towards Pre-Pandemic Levels
In the first quarter of 2024, the number of issued flight tickets have shown a steady increase, currently reaching just 32% under Q1 2019 levels. As of April 3, bookings for the upcoming May holiday are only 13% down when compared to the same period in 2019.
Summer Travel Trends
Searches for Summer Trips Are Up Year-Over-Year for Flights and Lodging According to Expedia Summer Travel Outlook
Top destinations for U.S. travelers include major cities like New York and London, as well as beach destinations like Cancun and Honolulu.
State Of Independent Lodging Report
Cloudbeds Observes Shift Towards Longer Stays
Hospitality management platform Cloudbeds has observed a moderate (1%) uptick in medium-term stays globally in 2023, accompanied by a slight decline of 2% in short stays.
Summer Travel Trends
Summer Travel Trends 2024: More Crowds and Expensive Airfare, Hotels - Seattle Times
Summer travel in 2024 will be 'expensive in every way,' says Katharine Nohr. And she should know.
Customer Service
Successful Service Branding: Lessons for Hospitality Managers
We have long understood successful goods branding, but we have not studied how successful services branding differs from that of goods branding. This article attempts to fill that void by analyzing 11 years of data in an empirical study of goods and service brands to determine how service brands succeed.
Travel Intentions
3 in 5 Younger Travelers Go the Extra Mile for Live Events
New study shows Gen Z and Millennials are willing to travel the farthest and spend the most to attend destination events
Hotel Construction Pipeline U.S.
U.S. Hotel Construction Activity Rose in March, First Increase in Nine Months
The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data.
Paris Olympics
Paris Hotel Bookings Pacing Above 60% for Summer Olympic Period
The 60% range for the event period (26 July - 11 August) is up from 50% three months ago. For context, the weeks leading up to the opening ceremony show occupancy on the books in just the 20% range.
Market Report U.S.
Elevated Costs Meant Total Revenue Growth Failed to Translate into Profits - CBRE U.S. Hotels State of the Union April 2024 Edition
January's total revenue growth of 3.0% failed to offset the 220-basis point contraction in margins, causing a 5.7% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit.
Rural Tourism
New Study on Rural Tourism and Development in Europe
UN Tourism has partnered with the European Committee of the Regions for a comprehensive study of the significant impact and potential of tourism in fostering socio-economic development in rural areas.
Hotel Real Estate Sale Trends
U.S. Hotel Real Estate Sale Trends - Large Hotels Reach a New Statistical Low
xpect to see a rise in the price of large hotels and a decline in prices for small hotels next quarter based on our leading indicators of hotel price performance.
Global Hotel Development Pipeline
Hotel Development Pipeline Activity Down Globally, Except in the Americas
The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar.
Global Hotel Industry Performance
STR Weekly Insights on Global Hotel Industry Performance: 31 March - 6 April and Preliminary March 2024
Most of the largest global countries saw RevPAR decline as well, which is in line with past years and the Easter holiday.
Market Report Brazil
ForwardKeys is Deciphering Brazil's Mid-Year Holiday Travel Demand
As Brazil gears up for its mid-year holidays in July, destination managers and businesses are turning to travel intelligence to gain a competitive edge by effectively forecasting demand. With domestic travel within Brazil showing increased interest during this year?s holiday season, having access to accurate and timely data is crucial for success.
Business Travel Intentions
Redefining Business Mobility: Insights into Travel and Office Trends for 2024 - By Charles Oswald
During his recent conversation with Ryan Embree for the Hospitality Trailblazers series on the Suite Spot podcast, President and CEO Charles E. Oswald talked through his trends and predictions for 2024. Here, Charles expands on those thoughts.
Market Report Dublin
Six Nations, St. Patrick's Day Drove Dublin Hotel Occupancy in March
The market's highest daily occupancy level was seen on Saturday, 16 March (98.6%) - the night of the final round of the Six Nations championship between Scotland and Ireland at Aviva Stadium. The market's daily occupancy levels were above the 70% mark throughout the month apart from two days.
Market Report U.S.
U.S. Hotel Performance for Week Ending April 6th
U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 6 April.
Market Report Jeddah
For March Jeddah Hotel Room Rates Jumped During Formula One
Helped by the annual Saudi Arabian Grand Prix, Jeddah's hotel industry reported performance growth across the metrics, according to March preliminary data from CoStar.
Market Report Singapore
Eras Tour Led to March Records for Singapore Hotels
The host of six Taylor Swift concerts, Singapore's hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.